Featured Savings Rates
Featured Accounts

Michigan Coastal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.35%5-year CD60 Month Golden CD
1.06%1-year CD12 Month Golden Account CD
0.05%SavingsRegular Shares Account

Overview / Commentary
231-777-3620
1086 Creston St
Muskegon, MI 49442

Michigan Coastal Credit Union is headquartered in Muskegon and is the 202nd largest credit union in the state of Michigan. It is also the 3,605th largest credit union in the nation. It was established in 1958 and as of December of 2016, it had grown to 5 employees and 3,581 members at 1 location. Michigan Coastal Credit Union's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership 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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Health
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

Overall
NCUA #61631
Year Chartered1958
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD-0.35%
Return on Equity - YTD-4.04%
Annual Interest Income$844.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$17.4MM$17.5MM
LoansQ4 2016vs Q4 2015$13.5MM$13.8MM
DepositsQ4 2016vs Q4 2015$14.8MM$13.0MM
Equity CapitalQ4 2016vs Q4 2015$1.5MM$1.6MM
Loan Loss AllowanceQ4 2016vs Q4 2015$209.00K$56.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$98.00K$81.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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Michigan Coastal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$2,500-High Yield Shares Account
0.15%--Christmas Club Account
0.10%--IRA Shares Account
0.10%--Roth IRA Share Account
0.05%$500-Regular Shares Account
0.05%--Vacation Club Account
0.05%--Youth Savings Account

Michigan Coastal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-60 Month Golden CD
1.25%$500-48 Month Golden CD
1.06%$500-12 Month Golden Account CD
0.80%$500-36 Month Golden CD
0.70%$500-24 Month Golden Account CD
0.60%$10k-Jumbo Certificate
0.35%$5k-Platinum Certificate
0.25%$500-6 Month Golden Account CD
0.10%$500-3 Month Golden Account CD
Locations


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