Members First Credit Union (MI)

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mfcu.net

855-835-6328

600 W Wackerly St
Midland, MI 48640

Members First Credit Union (MI) is headquartered in Midland and is the 32^nd largest credit union in the state of Michigan. It is also the 514^th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 238 employees and 66,719 members at 10 locations. Members First Credit Union (MI)'s money market rates are 9X the national average, and it has a B+ 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

Reviews (1)

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DO NOT TRUST THIS BANK

Posted by: DRidley | Sep 7, 2023

On two occasions, while signed up for "auto pay" on my credit card account, the auto pay did not pull the payment from my checking account to cover my credit card payment on the due date. After the first occurrence, I was told that they had fixed the problem. However, it happened again this July. I made an additional payment in June and for this reason I had been told was why the auto pay did not pull in July. But, I was told they had "fixed the issue" after the first time it happened last year. I don't trust this bank. I certainly don't trust the teller who set up my auto pay as well. The Dartmouth Branch of Members First Credit Union are a bunch of clowns.

Comment

Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	62076
Year Chartered	1936
Employees	238
Primary Regulator

Profit Margin
Return on Assets - YTD	0.24%
Return on Equity - YTD	2.99%
Annual Interest Income	$12MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$862.8MM$826.2MM
Loans	Q1 2025vs Q1 2024	$644.1MM$609.3MM
Deposits	Q1 2025vs Q1 2024	$746.3MM$713.3MM
Equity Capital	Q1 2025vs Q1 2024	$68.6MM$60.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$7.4MM$6.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$6.3MM$3.5MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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* 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

APY	MIN	MAX	ACCOUNT NAME
0.15%	$5	-	Regular Shares
0.15%	$5	-	Kid's Club Savings
0.15%	$5	-	Student Club Savings
0.15%	$0	-	Christmas Club
0.15%	$0	-	Special Savings
0.15%	$5	-	Business Regular Savings
0.15%	$0	-	Business Special Savings

Members First Credit Union (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%^*	$0	$500	Money Market Account
OTHER TIERS: 0.55% → $1k - $10k \| 1.01% → $10k - $25k \| 1.26% → $25k - $50k \| 1.51% → $50k - $100k \| 1.75% → $500 - $1k \| 1.76% → $100k - $200k \| 2.02% → $200k+
4.00%^*	$0	$500	Business Money Market Account
OTHER TIERS: 0.55% → $1k - $10k \| 1.01% → $10k - $25k \| 1.26% → $25k - $50k \| 1.51% → $50k - $100k \| 1.75% → $500 - $1k \| 1.76% → $100k - $200k \| 2.02% → $200k+

Members First Credit Union (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$250k^*	-	Premier Business Checking
OTHER TIERS: 0.15% → $500 - $10k \| 0.17% → $10k - $50k \| 0.20% → $50k - $250k
0.15%^*	$10k^*	-	Premier Checking Package
OTHER TIERS: 0.07% → $1k - $2.5k \| 0.10% → $2.5k - $10k
0.12%	$1k	-	eChecking Package
0.10%	$1k	-	Advantage 60 Checking Package

Members First Credit Union (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.80%	$1k	-	6 Month CD
3.80%	$1k	-	12 Month CD
3.80%	$100	-	6 Month Youth CD
3.80%	$100	-	12 Month Youth CD
3.80%	$1k	-	Business 6 Month CD
3.80%	$1k	-	Business 12 Month CD
3.80%	$1k	-	9 Month CD
3.80%	$100	-	9 Month Youth CD
3.80%	$1k	-	Business 9 Month CD
3.70%	$1k	-	60 Month CD
3.70%	$100	-	60 Month Youth CD
3.70%	$1k	-	15 Month CD
3.70%	$100	-	15 Month Youth CD
3.70%	$1k	-	Business 15 Month CD
3.70%	$1k	-	Business 60 Month CD
3.65%	$1k	-	48 Month CD
3.65%	$100	-	48 Month Youth CD
3.65%	$1k	-	Business 48 Month CD
3.60%	$1k	-	24 Month CD
3.60%	$1k	-	36 Month CD
3.60%	$100	-	24 Month Youth CD
3.60%	$100	-	36 Month Youth CD
3.60%	$1k	-	27 Month CD
3.60%	$100	-	27 Month Youth CD
3.60%	$1k	-	Business 24 Month CD
3.60%	$1k	-	Business 27 Month CD
3.60%	$1k	-	Business 36 Month CD

Members First Credit Union (MI) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.80%	$1k	-	6 Month IRA
3.80%	$1k	-	12 Month IRA
3.80%	$1k	-	9 Month IRA
3.70%	$1k	-	60 Month IRA
3.70%	$1k	-	15 Month IRA
3.65%	$1k	-	48 Month IRA
3.60%	$1k	-	24 Month IRA
3.60%	$1k	-	36 Month IRA
3.60%	$1k	-	27 Month IRA
0.15%	$0	-	IRA Savings

Locations

Cities: Clare, Evart, Gladwin, Grand Rapids, Harrison, Jenison, Midland, Mt Pleasant

Clare Branches
Branch Office	650 W 5th St	Clare, MI 48617

Evart Branches
Branch Office	201 E 7th St	Evart, MI 49631-8312

Gladwin Branches
Branch Office	1291 W Cedar Ave	Gladwin, MI 48624

Grand Rapids Branches
Branch Office	4429 Breton RD SE	Grand Rapids, MI 49508

Harrison Branches
Branch Office	3641 N Clare Ave	Harrison, MI 48625

Jenison Branches
Branch Office	195 Chicago Dr	Jenison, MI 49428

Midland Branches
Branch Office	600 W Wackerly St	Midland, MI 48640-4702
Branch Office	400 Dartmouth Dr	Midland, MI 48640

Mt Pleasant Branches
Branch Office	4490 E Blue Grass Rd	Mt Pleasant, MI 48858
Branch Office	4976 E Broadway St	Mt Pleasant, MI 48858-2995

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