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Members First Credit Union (MI)


Overview / Commentary
www.mfcu.net
989-835-5100
600 W Wackerly St
Midland, MI 48640-4702

Members First Credit Union (MI) is headquartered in Midland and is the 31st largest credit union in the state of Michigan. It is also the 555th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 223 employees and 58,458 members at 12 locations. Members First Credit Union (MI) has an A health rating.

Field of Membership Restrictions

Members First Credit Union is open to individuals who live, worship, work, or attend school in the State of Michigan. Immediate family of existing members are also be eligible.
See current membership details

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Reviews (2)

My credit union

Posted by: |

In all, I have been satisfied with my credit union for the last 30 years. I provided special services because of its coordination with the related work place. However, I did have some dissatisfaction with what I considered tight and hard lending policies. We were turned down a couple of times for loans that I felt should have been approved. It seemed our 30 years of time with them did not matter.

1

Awful And Disrespectful

Posted by: |

Sure, they seem nice at first but then use bait and switch tactics when applying for a loan, to try to get you locked into a higher interest rate. Call center people ask for your account number and social security number as if it is their God-given right to have it. Security breech caused me to have to use a new debit card. When walking in to change the new debit card pin, teller never asked for my ID.
I even once ha a teller grab my drivers license out of my hand then ask for my date of birth ( which is on the license, duh!). However, he could not hear me because he had some headset on his head. Meanwhile, two other tellers just stood there starring at me.
Loan officer was a snotty millennial who did not bother to even shake my hand at the end of our deal or thank me. RUDE RUDE RUDE.
And forget asking to speak to management to make a complaint, they want your account number just to do that.

2


Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #62076
Year Chartered1936
Employees223
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD6.52%
Annual Interest Income$25.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$535.6MM$488.7MM
LoansQ4 2019vs Q4 2018$356.9MM$329.7MM
DepositsQ4 2019vs Q4 2018$468.5MM$418.2MM
Equity CapitalQ4 2019vs Q4 2018$62.4MM$56.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.4MM$3.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.5MM$2.6MM
Real Estate OwnedQ4 2019vs Q4 2018$154.00K$228.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Members First Credit Union (MI); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Members First Credit Union (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$200k*-Super High Yield Savings
OTHER TIERS: 0.13% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k | 0.25% → $100k - $200k
0.30%*$200k*-IRA Super High Yield Savings
OTHER TIERS: 0.13% → $10k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k | 0.25% → $100k - $200k
0.12%*$10k*-High Yield Savings
OTHER TIERS: 0.06% → $1k - $5k | 0.10% → $5k - $10k
0.12%*$10k*-IRA High Yield Savings
OTHER TIERS: 0.06% → $1k - $5k | 0.10% → $5k - $10k
0.10%$5-Regular Shares
0.10%$5-Kid's Club Savings
0.10%$5-Student Club Savings
0.10%--Christmas Club
0.10%--Special Savings
0.10%--IRA Savings

Members First Credit Union (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.18%*$250k*-Premier Business Checking
OTHER TIERS: 0.06% → $500 - $10k | 0.14% → $10k - $50k | 0.16% → $50k - $250k
0.12%*$10k*-Premier Checking Package
OTHER TIERS: 0.04% → $1k - $2.5k | 0.10% → $2.5k - $10k
0.05%$1k-eChecking Package
0.05%$1k-Advantage 60 Checking Package

Members First Credit Union (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month CD
1.10%$100-60 Month Youth CD
1.00%$1k-48 Month CD
1.00%$100-48 Month Youth CD
0.90%$1k-36 Month CD
0.90%$100-36 Month Youth CD
0.85%$1k-27 Month CD Special
0.85%$100-27 Month Youth CD Special
0.69%$1k-24 Month CD
0.69%$100-24 Month Youth CD
0.60%$1k-15 Month CD Special
0.60%$100-15 Month Youth CD Special
0.55%$1k-12 Month CD
0.55%$100-12 Month Youth CD
0.51%$1k-44 Week CD Special
0.51%$100-44 Week Youth CD Special
0.30%$1k-6 Month CD
0.30%$100-6 Month Youth CD

Members First Credit Union (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month IRA
1.00%$1k-48 Month IRA
0.90%$1k-36 Month IRA
0.85%$1k-27 Month IRA Special
0.69%$1k-24 Month IRA
0.60%$1k-15 Month IRA Special
0.55%$1k-12 Month IRA
0.51%$1k-44 Week IRA Special
0.30%$1k-6 Month IRA
Locations

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