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  2. Michigan First Credit Union

Michigan First Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.36%5-year CD60 Month CD
2.25% - Ally Bank High Yield 5 Year CDAdvertisement
0.50%1-year CD12 Month CD
1.50% - Ally Bank No Penalty 11-Month CDAdvertisement
0.25%SavingsSavingsPlus (Without Bonus Rate)
1.30% - Synchrony Bank High Yield SavingsAdvertisement
View all Michigan First Credit Union rates »

Overview / Commentary
www.michiganfirst.com
800-664-3828
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 341st largest credit union in the nation. It was established in 1926 and as of June of 2017, it had grown to 314 employees and 133,254 members at 17 locations. Michigan First Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Michigan First Credit Union is open to anyone who lives, worships or works within the state of Michigan.
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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees314
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD4.62%
Annual Interest Income$20.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$836.8MM$780.8MM
LoansQ2 2017vs Q2 2016$541.5MM$480.1MM
DepositsQ2 2017vs Q2 2016$650.3MM$608.6MM
Equity CapitalQ2 2017vs Q2 2016$119.2MM$117.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$10.1MM$10.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$9.2MM$5.8MM
Real Estate OwnedQ2 2017vs Q2 2016$449.00K$665.00K
Rates
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* 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% → Up to $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% → Up to $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% → $2,500 - $25k | 0.25% → $25k - $100k | 0.30% → $100k - $200k
0.25%*$25k*-Business Money Market Account
OTHER TIERS: 0.20% → $2,500 - $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
1.36%*$100k*-Business 60 Month CD
OTHER TIERS: 1.31% → $1k - $100k
1.36%*$100k*-60 Month CD
OTHER TIERS: 1.31% → $1k - $100k
1.11%*$100k*-Business 48 Month CD
OTHER TIERS: 1.06% → $1k - $100k
1.11%*$100k*-48 Month CD
OTHER TIERS: 1.06% → $1k - $100k
0.85%*$100k*-Business 36 Month CD
OTHER TIERS: 0.80% → $1k - $100k
0.85%*$100k*-36 Month CD
OTHER TIERS: 0.80% → $1k - $100k
0.70%*$100k*-Business 24 Month CD
OTHER TIERS: 0.65% → $1k - $100k
0.70%*$100k*-24 Month CD
OTHER TIERS: 0.65% → $1k - $100k
0.50%*$100k*-Business 12 Month CD
OTHER TIERS: 0.40% → $1k - $50k | 0.45% → $50k - $100k
0.50%*$100k*-12 Month CD
OTHER TIERS: 0.40% → $1k - $50k | 0.45% → $50k - $100k
0.35%*$100k*-Business 6 Month CD
OTHER TIERS: 0.30% → $1k - $100k
0.35%*$100k*-6 Month CD
OTHER TIERS: 0.30% → $1k - $100k
0.25%*$50k*-Business 3 Month CD
OTHER TIERS: 0.20% → $1k - $50k

Michigan First Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%*$100k*-60 Month IRA
OTHER TIERS: 1.31% → $1k - $100k
1.11%*$100k*-48 Month IRA
OTHER TIERS: 1.06% → $1k - $100k
0.85%*$100k*-36 Month IRA
OTHER TIERS: 0.80% → $1k - $100k
0.70%*$100k*-24 Month IRA
OTHER TIERS: 0.65% → $1k - $100k
0.50%*$100k*-12 Month IRA
OTHER TIERS: 0.40% → $1k - $50k | 0.45% → $50k - $100k
Locations

Availability