Overview / Commentary
800-664-3828
27000 Evergreen Rd
Lathrup Village, MI 48076-3231

Michigan First Credit Union is headquartered in Lathrup Village and is the 15th largest credit union in the state of Michigan. It is also the 333rd largest credit union in the nation. It was established in 1926 and as of December of 2018, it had grown to 405 employees and 150,759 members at 21 locations. Michigan First Credit Union's CD rates are 29% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Michigan First Credit Union membership is open to those who live, worship or work within the state of Michigan.
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Health

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees405
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD5.42%
Annual Interest Income$44.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$925.2MM$863.5MM
LoansQ4 2018vs Q4 2017$665.0MM$593.2MM
DepositsQ4 2018vs Q4 2017$681.3MM$638.1MM
Equity CapitalQ4 2018vs Q4 2017$126.4MM$120.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$10.5MM$10.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$9.0MM$10.3MM
Real Estate OwnedQ4 2018vs Q4 2017$525.00K$838.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Michigan First 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 First Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$5k*-SavingsPlus Account
OTHER TIERS: 0.65% Up to $5k
0.25%*$25k*-Savings Account
OTHER TIERS: 0.15% $1 - $1k | 0.20% $1k - $25k
0.25%*$5k*-SavingsPlus (Without Bonus Rate)
OTHER TIERS: 0.15% Up to $5k
0.25%*$25k*-IRA Variable
OTHER TIERS: 0.20% $1 - $25k
0.20%*$1k*-Business Savings Account
OTHER TIERS: 0.05% Up to $1k

Michigan First Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$200k*-Money Market Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.25% $25k - $100k | 0.30% $100k - $200k
0.25%*$25k*-Business Money Market Account
OTHER TIERS: 0.20% $2.5k - $25k

Michigan First Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10k-Premier Checking Account
0.10%$10k-First Gear Checking Account

Michigan First Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.69%*$100k*-Business 60 Month CD
OTHER TIERS: 2.63% $1k - $100k
2.69%*$100k*-60 Month CD
OTHER TIERS: 2.63% $1k - $100k
2.33%*$100k*-Business 48 Month CD
OTHER TIERS: 2.28% $1k - $100k
2.33%*$100k*-48 Month CD
OTHER TIERS: 2.28% $1k - $100k
2.07%*$100k*-Business 36 Month CD
OTHER TIERS: 2.02% $1k - $100k
2.07%*$100k*-36 Month CD
OTHER TIERS: 2.02% $1k - $100k
1.56%*$100k*-Business 24 Month CD
OTHER TIERS: 1.51% $1k - $100k
1.56%*$100k*-24 Month CD
OTHER TIERS: 1.51% $1k - $100k
1.16%*$100k*-Business 12 Month CD
OTHER TIERS: 1.11% $1k - $100k
1.16%*$100k*-12 Month CD
OTHER TIERS: 1.11% $1k - $100k
0.80%*$100k*-Business 6 Month CD
OTHER TIERS: 0.75% $1k - $100k
0.80%*$100k*-6 Month CD
OTHER TIERS: 0.75% $1k - $100k

Michigan First Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.69%*$100k*-60 Month IRA
OTHER TIERS: 2.63% $1k - $100k
2.33%*$100k*-48 Month IRA
OTHER TIERS: 2.28% $1k - $100k
2.07%*$100k*-36 Month IRA
OTHER TIERS: 2.02% $1k - $100k
1.56%*$100k*-24 Month IRA
OTHER TIERS: 1.51% $1k - $100k
1.16%*$100k*-12 Month IRA
OTHER TIERS: 1.11% $1k - $100k
Locations

Availability



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