Michigan Coastal Credit Union

Overview / Commentary
1086 Creston St
Muskegon, MI 49442

Michigan Coastal Credit Union is headquartered in Muskegon and is the 184th largest credit union in the state of Michigan. It is also the 3,368th largest credit union in the nation. It was established in 1958 and as of December of 2020, it had grown to 5 employees and 3,061 members at 1 location. Michigan Coastal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership to Michigan Coastal Credit Union is open to those who live, worship or work in Muskegon County in Michigan and to anyone age 55 and over who receive retirement payments and live in Muskegon County or a contiguous county.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Michigan Coastal Credit Union has a low asset base.

Health Grade Components

NCUA #61631
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.74%
Annual Interest Income$949.00K
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$21.1MM$18.3MM
LoansQ4 2020vs Q4 2019$12.9MM$13.8MM
DepositsQ4 2020vs Q4 2019$19.0MM$16.3MM
Equity CapitalQ4 2020vs Q4 2019$2.0MM$1.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$132.00K$130.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$13.00K$51.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Michigan Coastal Credit Union Savings Account Rates

0.31%*$50k*-High Yield Shares
OTHER TIERS: 0.25% $2.5k - $50k
0.15%--Christmas Club
0.10%--IRA Shares
0.10%--Roth IRA Share
0.05%$500-Regular Shares
0.05%--Vacation Club
0.05%--Youth Savings Account

Michigan Coastal Credit Union CD Rates

1.00%$500-60 Month Golden Account CD
1.00%$25k-60 Month CD
0.85%$500-48 Month Golden Account CD
0.75%$500-36 Month Golden Account CD
0.65%$500-24 Month Golden Account CD
0.60%$500-18 Month Golden Account CD
0.55%$500-12 Month Golden Account CD
0.50%$500-6 Month Golden Account CD
0.50%$100$2.5k12 Month Youth CD

Michigan Coastal Credit Union IRA Rates

1.00%$25k-60 Month IRA
0.75%$2k-36 Month IRA
0.50%$500-12 Month IRA

Michigan Coastal Credit Union Locations
Branch Office1086 Creston StMuskegon, MI 49442

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