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 301st largest credit union in the nation. It was established in 1926 and as of June of 2023, it had grown to 474 employees and 189,650 members at 28 locations. Michigan First Credit Union's money market rates are 5X the national average, and it has a B+ health rating.
Michigan First Credit Union membership is open to those who live, work, or worship anywhere in the state of Michigan.
See current membership details
Overall | |
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NCUA # | 60522 |
Year Chartered | 1926 |
Employees | 474 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.37% |
Return on Equity - YTD | 12.23% |
Annual Interest Income | $34.0MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $1.52B$1.47B |
Loans | Q2 2023vs Q2 2022 | $1.11B$1.01B |
Deposits | Q2 2023vs Q2 2022 | $1.08B$1.24B |
Equity Capital | Q2 2023vs Q2 2022 | $169.4MM$155.7MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$9.3MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $7.9MM$5.5MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $10k | - | Premier Checking Account | |
0.25% | $10k | - | First Gear Checking Account |