Michigan First Credit Union

Overview / Commentary
27000 Evergreen Rd
Lathrup Village, MI 48076-3231

Michigan First Credit Union is headquartered in Lathrup Village and is the 15th largest credit union in the state of Michigan. It is also the 330th largest credit union in the nation. It was established in 1926 and as of June of 2019, it had grown to 451 employees and 155,590 members at 23 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.
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Health Grade Components

NCUA #60522
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD4.49%
Annual Interest Income$22.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$974.9MM$919.8MM
LoansQ2 2019vs Q2 2018$661.8MM$635.0MM
DepositsQ2 2019vs Q2 2018$733.8MM$689.0MM
Equity CapitalQ2 2019vs Q2 2018$132.8MM$121.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$11.6MM$10.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$7.4MM$8.9MM
Real Estate OwnedQ2 2019vs Q2 2018$678.00K$670.00K

Rates for Michigan First Credit Union are currently being reviewed.



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