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

Michigan First Credit Union is headquartered in Lathrup Village and is the 13th largest credit union in the state of Michigan. It is also the 329th largest credit union in the nation. It was established in 1926 and as of June of 2018, it had grown to 398 employees and 144,533 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 Grade Components

NCUA #60522
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD6.93%
Annual Interest Income$21.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$919.8MM$836.8MM
LoansQ2 2018vs Q2 2017$635.0MM$541.5MM
DepositsQ2 2018vs Q2 2017$689.0MM$650.3MM
Equity CapitalQ2 2018vs Q2 2017$121.3MM$119.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$10.8MM$10.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$8.9MM$9.2MM
Real Estate OwnedQ2 2018vs Q2 2017$670.00K$449.00K
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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

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

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

0.10%$10k-Premier Checking Account
0.10%$10k-First Gear Checking Account

Michigan First Credit Union CD Rates

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

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


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