Michigan Columbus Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
View health report
CURRENT TOP RATE
0.90% APY
60 Month CD
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.90% | 5-year CD | 60 Month CD 1.77% - National Average |
| 0.20% | 1-year CD | 12 Month CD 0.82% - National Average |
| 0.05% | Savings | Regular Shares Account |
Overview / Commentary
Michigan Columbus Federal Credit Union is headquartered in Livonia and is the 148th largest credit union in the state of Michigan. It is also the 2,420th largest credit union in the nation. It was established in 1947 and as of December of 2017, it had grown to 6 employees and 4,281 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.
See current membership details
Health
B
Data as of Q4 2017
Learn why bank health mattersAdditional 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 Chartered | 1947 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 6.06% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $45.4MM$45.2MM |
| Loans | Q4 2017vs Q4 2016 | $22.7MM$19.9MM |
| Deposits | Q4 2017vs Q4 2016 | $40.1MM$40.3MM |
| Equity Capital | Q4 2017vs Q4 2016 | $5.0MM$4.7MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $109.00K$58.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $382.00K$388.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
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Michigan Columbus Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 Office | 30419 6 Mile Rd | Livonia, MI 48152-3460 |