Members First CU (MI)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.55% | 5-year CD | 3.10% - Synchrony Bank 60 Month CD |
| 2.50% | 2-year CD | 2.75% - Synchrony Bank 24 Month CD |
| 1.40% | 1-year CD | 2.50% - Synchrony Bank 12 Month CD |
Members First CU (MI) is headquartered in Midland and is the 30th largest credit union in the state of Michigan. It is also the 564th largest credit union in the nation. It was established in 1936 and as of June of 2018, it had grown to 202 employees and 63,355 members at 12 locations. Members First CU (MI)'s CD rates are 56% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Clare, Midland, Gladwin, Gratiot, Isabella, Bay, Osceola, and Saginaw Counties in Michigan. Membership is also open to students and employees of Midland County schools and the Midland City Education Association and Delta College who live or work in Midland County.
See current membership details
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My credit union
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.
Awful And Disrespectful
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.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62076 |
| Year Chartered | 1936 |
| Employees | 202 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.34% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $491.2MM$411.5MM |
| Loans | Q2 2018vs Q2 2017 | $309.5MM$243.8MM |
| Deposits | Q2 2018vs Q2 2017 | $431.6MM$364.2MM |
| Equity Capital | Q2 2018vs Q2 2017 | $53.5MM$43.9MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $3.0MM$3.2MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $2.6MM$1.4MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $137.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Members First CU (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.
