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  2. Michigan Columbus Federal Credit Union

Michigan Columbus Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.90%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.20%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.05%SavingsRegular Shares Account
1.20% - Synchrony Bank High Yield SavingsAdvertisement
View all Michigan Columbus Federal Credit Union rates »

Overview / Commentary
www.mcfcu.net
734-425-5080
30419 6 Mile Rd
Livonia, MI 48152-3460

Michigan Columbus Federal Credit Union is headquartered in Livonia and is the 152nd largest credit union in the state of Michigan. It is also the 2,455th largest credit union in the nation. It was established in 1947 and as of March of 2017, it had grown to 4 employees and 4,490 members at 1 location. Michigan Columbus Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the City of Livonia, Michigan.
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Health
B

Data as of Q1 2017

Learn why bank health matters
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 Columbus Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5554
Year Chartered1947
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.3%
Annual Interest Income$324.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$45.3MM$46.0MM
LoansQ1 2017vs Q1 2016$20.6MM$17.4MM
DepositsQ1 2017vs Q1 2016$40.2MM$41.6MM
Equity CapitalQ1 2017vs Q1 2016$4.8MM$4.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$63.00K$191.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$111.00K$138.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$70.00K
Rates
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Michigan Columbus Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Accounts
0.15%$10k-Maxi Yield Accounts
0.10%$2k-High Yield Accounts
0.05%--Regular Shares Account

Michigan Columbus Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month CD
0.75%$500-48 Month CD
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.20%$500-12 Month CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD
Locations


Michigan Columbus Federal Credit Union Locations
Branch Office30419 6 Mile RdLivonia, MI 48152-3460