Michigan First Credit Union

Overview / Commentary

800-664-3828

27000 Evergreen Rd
Lathrup Village, MI 48076

Michigan First Credit Union is headquartered in Lathrup Village and is the 13^th largest credit union in the state of Michigan. It is also the 293^rd 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.

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

Write a Review

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

Health

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #	60522
Year Chartered	1926
Employees	482
Primary Regulator

Profit Margin
Return on Assets - YTD	1.29%
Return on Equity - YTD	11.56%
Annual Interest Income	$11.9MM

Assets and Liabilities
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

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

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

APY	MIN	MAX	ACCOUNT NAME
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
0.10%^*	$1k^*	-	Business Savings Account
OTHER TIERS: 0.05% → Up to $1k

Michigan First Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$200k^*	-	Money Market Account
OTHER TIERS: 0.20% → $2.5k - $25k \| 0.25% → $25k - $100k \| 0.30% → $100k - $200k
0.15%^*	$25k^*	-	Business Money Market Account
OTHER TIERS: 0.10% → $2.5k - $25k

Michigan First Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$10k	-	Premier Checking Account
0.10%	$10k	-	First Gear Checking Account

Michigan First Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.85% → $1k - $10k \| 0.90% → $10k - $50k \| 0.95% → $50k - $100k
0.95%^*	$100k^*	-	Business 60 Month CD
OTHER TIERS: 0.80% → $1k - $10k \| 0.85% → $10k - $50k \| 0.90% → $50k - $100k
0.90%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.75% → $1k - $10k \| 0.80% → $10k - $50k \| 0.85% → $50k - $100k
0.85%^*	$100k^*	-	Business 48 Month CD
OTHER TIERS: 0.70% → $1k - $10k \| 0.75% → $10k - $50k \| 0.80% → $50k - $100k
0.85%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.65% → $1k - $10k \| 0.75% → $10k - $50k \| 0.80% → $50k - $100k
0.80%^*	$100k^*	-	Business 36 Month CD
OTHER TIERS: 0.60% → $1k - $10k \| 0.70% → $10k - $50k \| 0.75% → $50k - $100k
0.70%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.50% → $1k - $10k \| 0.60% → $10k - $50k \| 0.65% → $50k - $100k
0.55%^*	$100k^*	-	Business 24 Month CD
OTHER TIERS: 0.35% → $1k - $10k \| 0.45% → $10k - $50k \| 0.50% → $50k - $100k
0.55%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.35% → $1k - $10k \| 0.45% → $10k - $50k \| 0.50% → $50k - $100k
0.50%^*	$100k^*	-	Business 12 Month CD
OTHER TIERS: 0.30% → $1k - $10k \| 0.40% → $10k - $50k \| 0.45% → $50k - $100k
0.45%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.25% → $1k - $10k \| 0.35% → $10k - $50k \| 0.40% → $50k - $100k
0.25%^*	$100k^*	-	Business 6 Month CD
OTHER TIERS: 0.05% → $1k - $10k \| 0.15% → $10k - $50k \| 0.20% → $50k - $100k

Michigan First Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 0.85% → $1k - $10k \| 0.90% → $10k - $50k \| 0.95% → $50k - $100k
0.90%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.75% → $1k - $10k \| 0.80% → $10k - $50k \| 0.85% → $50k - $100k
0.85%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.65% → $1k - $10k \| 0.75% → $10k - $50k \| 0.80% → $50k - $100k
0.70%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.50% → $1k - $10k \| 0.60% → $10k - $50k \| 0.65% → $50k - $100k
0.55%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.35% → $1k - $10k \| 0.45% → $10k - $50k \| 0.50% → $50k - $100k

Locations

Availability

Detroit Area

Detroit Area bank & credit union details

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.