Michigan Coastal Credit Union


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

Michigan Coastal Credit Union is headquartered in Muskegon and is the 187th largest credit union in the state of Michigan. It is also the 3,419th largest credit union in the nation. It was established in 1958 and as of December of 2019, it had grown to 10 employees and 3,235 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.
See current membership details

Related Posts

24-Month Summer Savings CD, 2.87% APY - 8/9/2019

Available to residents of Muskegon County, Michigan. 24-month Summer Savings CD, 2.87% APY, $10,000 minimum 60-month Certificate, 3.23% APY, $25,000 minimum

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Health
B+
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
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.18%
Annual Interest Income$924.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$18.3MM$15.5MM
LoansQ4 2019vs Q4 2018$13.8MM$11.6MM
DepositsQ4 2019vs Q4 2018$16.3MM$13.5MM
Equity CapitalQ4 2019vs Q4 2018$1.9MM$1.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$130.00K$116.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$51.00K$80.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Michigan Coastal Credit Union; 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.

Michigan Coastal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.46%*$50k*-High Yield Shares
OTHER TIERS: 0.40% $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.65%$500-18 Month Golden Account CD
0.50%$500-12 Month Golden Account CD
0.50%$100$2.5k12 Month Youth CD
0.25%$500-6 Month Golden Account CD

Michigan Coastal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$25k-60 Month IRA
0.75%$2k-36 Month IRA
0.50%$500-12 Month IRA
Locations


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

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