Michigan First Credit Union


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 16th largest credit union in the state of Michigan. It is also the 342nd largest credit union in the nation. It was established in 1926 and as of December of 2019, it had grown to 435 employees and 161,235 members at 23 locations. Michigan First Credit Union 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.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A+

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees435
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD5.77%
Annual Interest Income$45.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$980.1MM$925.2MM
LoansQ4 2019vs Q4 2018$668.8MM$665.0MM
DepositsQ4 2019vs Q4 2018$746.1MM$681.3MM
Equity CapitalQ4 2019vs Q4 2018$137.8MM$126.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$11.5MM$10.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$6.9MM$9.0MM
Real Estate OwnedQ4 2019vs Q4 2018$585.00K$525.00K
Rates
Report an Issue

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
1.11%*$100k*-60 Month CD
OTHER TIERS: 0.90% $1k - $10k | 1.00% $10k - $50k | 1.06% $50k - $100k
1.06%*$100k*-Business 60 Month CD
OTHER TIERS: 0.90% $1k - $50k | 1.00% $50k - $100k
1.06%*$100k*-48 Month CD
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $50k | 1.00% $50k - $100k
1.00%*$100k*-Business 48 Month CD
OTHER TIERS: 0.85% $1k - $50k | 0.90% $50k - $100k
1.00%*$100k*-36 Month CD
OTHER TIERS: 0.75% $1k - $10k | 0.85% $10k - $50k | 0.90% $50k - $100k
0.95%*$100k*-24 Month CD
OTHER TIERS: 0.65% $1k - $10k | 0.75% $10k - $50k | 0.85% $50k - $100k
0.90%*$100k*-Business 36 Month CD
OTHER TIERS: 0.75% $1k - $50k | 0.85% $50k - $100k
0.85%*$100k*-Business 24 Month CD
OTHER TIERS: 0.65% $1k - $50k | 0.75% $50k - $100k
0.75%*$100k*-12 Month CD
OTHER TIERS: 0.45% $1k - $10k | 0.55% $10k - $50k | 0.65% $50k - $100k
0.65%*$100k*-Business 12 Month CD
OTHER TIERS: 0.45% $1k - $50k | 0.55% $50k - $100k
0.50%*$100k*-6 Month CD
OTHER TIERS: 0.35% $1k - $10k | 0.45% $10k - $100k
0.45%*$50k*-Business 6 Month CD
OTHER TIERS: 0.35% $1k - $50k

Michigan First Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%*$100k*-60 Month IRA
OTHER TIERS: 0.90% $1k - $10k | 1.00% $10k - $50k | 1.06% $50k - $100k
1.00%*$100k*-36 Month IRA
OTHER TIERS: 0.75% $1k - $10k | 0.85% $10k - $50k | 0.90% $50k - $100k
1.00%*$100k*-48 Month IRA
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $100k
0.95%*$100k*-24 Month IRA
OTHER TIERS: 0.65% $1k - $10k | 0.75% $10k - $50k | 0.85% $50k - $100k
0.75%*$100k*-12 Month IRA
OTHER TIERS: 0.45% $1k - $10k | 0.55% $10k - $50k | 0.65% $50k - $100k
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.