Michigan Educational Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.michedcu.org

734-455-9200

9200 N Haggerty Rd
Plymouth, MI 48170

Michigan Educational Credit Union is headquartered in Plymouth and is the 24^th largest credit union in the state of Michigan. It is also the 438^th largest credit union in the nation. It was established in 1942 and as of March of 2025, it had grown to 86 employees and 48,855 members at 6 locations. Michigan Educational Credit Union has an A health rating.

Field of Membership Restrictions

Michigan Educational Credit Union is open to those who live, work, or worship in the Michigan counties of Jackson, Livingston, Macomb, Oakland, Washtenaw, or Wayne.
See current membership details

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Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	60931
Year Chartered	1942
Employees	86
Primary Regulator

Profit Margin
Return on Assets - YTD	0.25%
Return on Equity - YTD	2.53%
Annual Interest Income	$8.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.06B$1.01B
Loans	Q1 2025vs Q1 2024	$477.5MM$500.1MM
Deposits	Q1 2025vs Q1 2024	$949MM$919.1MM
Equity Capital	Q1 2025vs Q1 2024	$103.2MM$84.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.5MM$3.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$1.1MM$1.1MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Michigan Educational Credit Union.

Locations

Michigan Educational Credit Union Locations
Branch Office	14921 Middlebelt Rd	Livonia, MI 48154-4032
Branch Office	47230 Hayes Rd	Macomb, MI 48044-5023
Branch Office	1903 Rochester Rd	Royal Oak, MI 48073
Branch Office	9200 N Haggerty Rd	Plymouth, MI 48170-4633
Branch Office	4141 Jackson Rd	Ann Arbor, MI 48103-1827
Branch Office	123 Brighton Lake Rd	Brighton, MI 48116-6721

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