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Michigan First Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
michiganfirst.com
800-664-3828
27000 Evergreen Rd
Lathrup Village, MI 48076

Michigan First Credit Union is headquartered in Lathrup Village and is the 17th largest credit union in the state of Michigan. It is also the 319th largest credit union in the nation. It was established in 1926 and as of September of 2024, it had grown to 489 employees and 165,037 members at 32 locations. Michigan First Credit Union's money market rates are 6X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Michigan First Credit Union membership is open to those who live, work, or worship anywhere in the state of Michigan.
See current membership details

Reviews

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Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees489
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD8.8%
Annual Interest Income$57.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.46B$1.5B
LoansQ3 2024vs Q3 2023$1.05B$1.09B
DepositsQ3 2024vs Q3 2023$1.05B$1.05B
Equity CapitalQ3 2024vs Q3 2023$197.9MM$168.9MM
Loan Loss AllowanceQ3 2024vs Q3 2023$11.9MM$9MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$10.5MM$10.3MM
Real Estate OwnedQ3 2024vs Q3 2023$1.2MM$753K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/23/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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
3.50%*$100k*-SavingsPlus Account
OTHER TIERS: 1.00% → $1 - $5k | 3.00% → $5k - $100k
0.60%*$25k*-IRA Variable
OTHER TIERS: 0.20% → $1 - $2.5k | 0.35% → $2.5k - $10k | 0.50% → $10k - $25k
0.30%*$25k*-Savings Account
OTHER TIERS: 0.15% → $1 - $1k | 0.20% → $1k - $5k | 0.25% → $5k - $25k
0.25%*$5k*-SavingsPlus (Without Bonus Rate)
OTHER TIERS: 0.15% → $1 - $5k
0.10%*$1k*-Business Savings Account
OTHER TIERS: 0.05% → $0 - $1k

Michigan First Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%*$500k*-Money Market Account
OTHER TIERS: 1.00% → $2.5k - $5k | 1.05% → $5k - $25k | 1.50% → $25k - $100k | 2.05% → $100k - $200k | 2.40% → $200k - $500k
0.60%*$500k*-Business Money Market Account
OTHER TIERS: 0.25% → $2.5k - $10k | 0.30% → $10k - $25k | 0.45% → $25k - $100k | 0.50% → $100k - $500k

Michigan First Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$10k-Premier Checking Account
0.25%$10k-First Gear Checking Account

Michigan First Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.23%*$500k*-6 Month CD
OTHER TIERS: 0.55% → $1k - $10k | 3.92% → $10k - $50k | 4.07% → $50k - $100k | 4.18% → $100k - $500k
3.66%*$500k*-12 Month CD
OTHER TIERS: 0.65% → $1k - $10k | 3.51% → $10k - $50k | 3.56% → $50k - $100k | 3.61% → $100k - $500k
3.56%$1k-16 Month CD
3.45%*$500k*-60 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 3.30% → $10k - $50k | 3.35% → $50k - $100k | 3.40% → $100k - $500k
3.35%*$500k*-48 Month CD
OTHER TIERS: 0.95% → $1k - $10k | 3.20% → $10k - $50k | 3.25% → $50k - $100k | 3.30% → $100k - $500k
3.30%*$500k*-24 Month CD
OTHER TIERS: 0.75% → $1k - $10k | 3.04% → $10k - $50k | 3.09% → $50k - $100k | 3.14% → $100k - $500k
3.20%*$500k*-36 Month CD
OTHER TIERS: 0.85% → $1k - $10k | 3.04% → $10k - $50k | 3.09% → $50k - $100k | 3.14% → $100k - $500k
2.68%*$500k*-Business 60 Month CD
OTHER TIERS: 2.27% → $1k - $10k | 2.38% → $10k - $50k | 2.48% → $50k - $100k | 2.58% → $100k - $500k
2.43%*$500k*-Business 48 Month CD
OTHER TIERS: 2.02% → $1k - $10k | 2.12% → $10k - $50k | 2.22% → $50k - $100k | 2.32% → $100k - $500k
2.02%*$500k*-Business 12 Month CD
OTHER TIERS: 1.31% → $1k - $10k | 1.41% → $10k - $50k | 1.51% → $50k - $100k | 1.76% → $100k - $500k
1.92%*$500k*-Business 36 Month CD
OTHER TIERS: 1.51% → $1k - $10k | 1.61% → $10k - $50k | 1.71% → $50k - $100k | 1.81% → $100k - $500k
1.81%*$500k*-Business 24 Month CD
OTHER TIERS: 1.41% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $100k | 1.71% → $100k - $500k
1.76%*$500k*-Business 6 Month CD
OTHER TIERS: 1.06% → $1k - $10k | 1.16% → $10k - $50k | 1.26% → $50k - $100k | 1.51% → $100k - $500k

Michigan First Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.07%*$500k*-48 Month IRA
OTHER TIERS: 3.25% → $1k - $10k | 3.45% → $10k - $50k | 3.66% → $50k - $100k | 3.87% → $100k - $500k
3.45%*$500k*-12 Month IRA
OTHER TIERS: 3.25% → $1k - $10k | 3.30% → $10k - $50k | 3.35% → $50k - $100k | 3.40% → $100k - $500k
2.73%*$500k*-36 Month IRA
OTHER TIERS: 2.53% → $1k - $10k | 2.58% → $10k - $50k | 2.63% → $50k - $100k | 2.68% → $100k - $500k
2.22%*$500k*-24 Month IRA
OTHER TIERS: 2.02% → $1k - $10k | 2.07% → $10k - $50k | 2.12% → $50k - $100k | 2.17% → $100k - $500k
2.02%*$500k*-60 Month IRA
OTHER TIERS: 1.21% → $1k - $10k | 1.41% → $10k - $50k | 1.61% → $50k - $100k | 1.81% → $100k - $500k
Locations

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