Members First Credit Union (MI)
Members First Credit Union (MI) is headquartered in Midland and is the 32nd largest credit union in the state of Michigan. It is also the 517th largest credit union in the nation. It was established in 1936 and as of September of 2024, it had grown to 241 employees and 65,163 members at 10 locations. Members First Credit Union (MI) 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
DO NOT TRUST THIS BANK
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.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62076 |
| Year Chartered | 1936 |
| Employees | 241 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 2.14% |
| Annual Interest Income | $33.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $838.5MM$815.8MM |
| Loans | Q3 2024vs Q3 2023 | $616.9MM$603.7MM |
| Deposits | Q3 2024vs Q3 2023 | $715.2MM$689MM |
| Equity Capital | Q3 2024vs Q3 2023 | $67.1MM$56.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $6.2MM$6.6MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $6.2MM$3.5MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $42K$0 |