Michigan Columbus Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.90%5-year CD60 Month CD
0.20%1-year CD12 Month CD
0.05%SavingsRegular Shares Account

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

Michigan Columbus Federal Credit Union is headquartered in Livonia and is the 147th largest credit union in the state of Michigan. It is also the 2,387th largest credit union in the nation. It was established in 1947 and as of June of 2018, it had grown to 6 employees and 4,381 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

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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 Columbus Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5554
Year Chartered1947
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD5.01%
Annual Interest Income$709.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$48.1MM$44.5MM
LoansQ2 2018vs Q2 2017$24.1MM$21.7MM
DepositsQ2 2018vs Q2 2017$42.7MM$39.4MM
Equity CapitalQ2 2018vs Q2 2017$5.1MM$4.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$136.00K$64.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$203.00K$301.00K
Real Estate OwnedQ2 2018vs Q2 2017$17.00K$0
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%$5-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

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