Michigan First Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.69%	5-year CD	3.10% - Barclays 60 Month Online CD
1.16%	1-year CD	2.75% - Barclays 12 Month Online CD
0.25%	Savings	0.27% - National Average

View all Michigan First Credit Union rates »

Overview / Commentary

www.michiganfirst.com

800-664-3828

27000 Evergreen Rd
Lathrup Village, MI 48076-3231

Michigan First Credit Union is headquartered in Lathrup Village and is the 15^th largest credit union in the state of Michigan. It is also the 333^rd largest credit union in the nation. It was established in 1926 and as of December of 2018, it had grown to 405 employees and 150,759 members at 21 locations. Michigan First Credit Union's CD rates are 29% higher than the national average, and it 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

Data as of Q4 2018

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Health Grade Components

Overall
NCUA #	60522
Year Chartered	1926
Employees	405
Primary Regulator

Profit Margin
Return on Assets - YTD	0.75%
Return on Equity - YTD	5.42%
Annual Interest Income	$44.6MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$925.2MM$863.5MM
Loans	Q4 2018vs Q4 2017	$665.0MM$593.2MM
Deposits	Q4 2018vs Q4 2017	$681.3MM$638.1MM
Equity Capital	Q4 2018vs Q4 2017	$126.4MM$120.4MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$10.5MM$10.4MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$9.0MM$10.3MM
Real Estate Owned	Q4 2018vs Q4 2017	$525.00K$838.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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
0.20%^*	$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
0.25%^*	$25k^*	-	Business Money Market Account
OTHER TIERS: 0.20% → $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
2.69%^*	$100k^*	-	Business 60 Month CD
OTHER TIERS: 2.63% → $1k - $100k
2.69%^*	$100k^*	-	60 Month CD
OTHER TIERS: 2.63% → $1k - $100k
2.33%^*	$100k^*	-	Business 48 Month CD
OTHER TIERS: 2.28% → $1k - $100k
2.33%^*	$100k^*	-	48 Month CD
OTHER TIERS: 2.28% → $1k - $100k
2.07%^*	$100k^*	-	Business 36 Month CD
OTHER TIERS: 2.02% → $1k - $100k
2.07%^*	$100k^*	-	36 Month CD
OTHER TIERS: 2.02% → $1k - $100k
1.56%^*	$100k^*	-	Business 24 Month CD
OTHER TIERS: 1.51% → $1k - $100k
1.56%^*	$100k^*	-	24 Month CD
OTHER TIERS: 1.51% → $1k - $100k
1.16%^*	$100k^*	-	Business 12 Month CD
OTHER TIERS: 1.11% → $1k - $100k
1.16%^*	$100k^*	-	12 Month CD
OTHER TIERS: 1.11% → $1k - $100k
0.80%^*	$100k^*	-	Business 6 Month CD
OTHER TIERS: 0.75% → $1k - $100k
0.80%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.75% → $1k - $100k

Michigan First Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.69%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 2.63% → $1k - $100k
2.33%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 2.28% → $1k - $100k
2.07%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 2.02% → $1k - $100k
1.56%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 1.51% → $1k - $100k
1.16%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 1.11% → $1k - $100k

Locations

Availability

Detroit Area

Detroit Area bank & credit union details

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