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 293rd largest credit union in the nation. It was established in 1926 and as of March of 2022, it had grown to 482 employees and 186,722 members at 28 locations. Michigan First Credit Union has an A health rating.
Michigan First Credit Union membership is open to those who live, worship or work within the state of Michigan.
See current membership details
Overall | |
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NCUA # | 60522 |
Year Chartered | 1926 |
Employees | 482 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.29% |
Return on Equity - YTD | 11.56% |
Annual Interest Income | $11.9MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $1.50B$1.44B |
Loans | Q1 2022vs Q1 2021 | $937.0MM$862.6MM |
Deposits | Q1 2022vs Q1 2021 | $1.26B$1.21B |
Equity Capital | Q1 2022vs Q1 2021 | $166.6MM$155.1MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $9.7MM$11.2MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $3.9MM$3.9MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$76.00K |
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* 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 |
---|---|---|---|---|
0.10% | $10k | - | Premier Checking Account | |
0.10% | $10k | - | First Gear Checking Account |