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Michigan First Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
michiganfirst.com
800-664-3828
27000 Evergreen Rd
Lathrup Village, MI 48076

Michigan First Credit Union is headquartered in Lathrup Village and is the 18th largest credit union in the state of Michigan. It is also the 313th largest credit union in the nation. It was established in 1926 and as of March of 2025, it had grown to 496 employees and 165,712 members at 32 locations. Michigan First Credit Union's money market rates are 6X 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, work, or worship anywhere in the state of Michigan.
See current membership details

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees496
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD5.03%
Annual Interest Income$19.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.52B$1.51B
LoansQ1 2025vs Q1 2024$1.04B$1.05B
DepositsQ1 2025vs Q1 2024$1.11B$1.09B
Equity CapitalQ1 2025vs Q1 2024$202MM$183.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$12MM$10.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$10.3MM$11.6MM
Real Estate OwnedQ1 2025vs Q1 2024$971K$894K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%*$100k*-SavingsPlus Account
OTHER TIERS: 1.00% → $1 - $5k | 2.73% → $5k - $100k
0.25%*$25k*-Savings Account
OTHER TIERS: 0.15% → $1 - $5k | 0.20% → $5k - $25k
0.25%*$5k*-SavingsPlus (Without Bonus Rate)
OTHER TIERS: 0.15% → $1 - $5k
0.10%*$1k*-Business Savings Account
OTHER TIERS: 0.05% → $0 - $1k

Michigan First Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%*$500k*-Money Market Account
OTHER TIERS: 1.06% → $2.5k - $25k | 1.61% → $25k - $100k | 2.02% → $100k - $200k | 2.32% → $200k - $500k
0.60%*$500k*-Business Money Market Account
OTHER TIERS: 0.25% → $2.5k - $10k | 0.30% → $10k - $25k | 0.45% → $25k - $100k | 0.50% → $100k - $500k

Michigan First Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$10k-Premier Checking Account
0.25%$10k-First Gear Checking Account

Michigan First Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.71%*$500k*-6 Month CD
OTHER TIERS: 0.55% → $1k - $10k | 3.35% → $10k - $50k | 3.45% → $50k - $100k | 3.56% → $100k - $500k
3.45%*$500k*-60 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 3.30% → $10k - $50k | 3.35% → $50k - $100k | 3.40% → $100k - $500k
3.40%*$500k*-12 Month CD
OTHER TIERS: 0.65% → $1k - $10k | 3.25% → $10k - $50k | 3.30% → $50k - $100k | 3.35% → $100k - $500k
3.40%*$500k*-36 Month CD
OTHER TIERS: 0.85% → $1k - $10k | 3.25% → $10k - $50k | 3.30% → $50k - $100k | 3.35% → $100k - $500k
3.40%*$500k*-48 Month CD
OTHER TIERS: 0.95% → $1k - $10k | 3.25% → $10k - $50k | 3.30% → $50k - $100k | 3.35% → $100k - $500k
3.30%*$500k*-24 Month CD
OTHER TIERS: 0.75% → $1k - $10k | 3.04% → $10k - $50k | 3.09% → $50k - $100k | 3.14% → $100k - $500k
3.30%$1k-16 Month CD
2.68%*$500k*-Business 60 Month CD
OTHER TIERS: 2.27% → $1k - $10k | 2.38% → $10k - $50k | 2.48% → $50k - $100k | 2.58% → $100k - $500k
2.43%*$500k*-Business 48 Month CD
OTHER TIERS: 2.02% → $1k - $10k | 2.12% → $10k - $50k | 2.22% → $50k - $100k | 2.32% → $100k - $500k
2.02%*$500k*-Business 12 Month CD
OTHER TIERS: 1.31% → $1k - $10k | 1.41% → $10k - $50k | 1.51% → $50k - $100k | 1.76% → $100k - $500k
1.92%*$500k*-Business 36 Month CD
OTHER TIERS: 1.51% → $1k - $10k | 1.61% → $10k - $50k | 1.71% → $50k - $100k | 1.81% → $100k - $500k
1.81%*$500k*-Business 24 Month CD
OTHER TIERS: 1.41% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $100k | 1.71% → $100k - $500k
1.76%*$500k*-Business 6 Month CD
OTHER TIERS: 1.06% → $1k - $10k | 1.16% → $10k - $50k | 1.26% → $50k - $100k | 1.51% → $100k - $500k

Michigan First Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.97%*$500k*-48 Month IRA
OTHER TIERS: 3.14% → $1k - $10k | 3.35% → $10k - $50k | 3.56% → $50k - $100k | 3.76% → $100k - $500k
3.97%*$500k*-60 Month IRA
OTHER TIERS: 3.14% → $1k - $10k | 3.35% → $10k - $50k | 3.56% → $50k - $100k | 3.76% → $100k - $500k
3.40%*$500k*-12 Month IRA
OTHER TIERS: 3.20% → $1k - $10k | 3.25% → $10k - $50k | 3.30% → $50k - $100k | 3.35% → $100k - $500k
2.73%*$500k*-36 Month IRA
OTHER TIERS: 2.53% → $1k - $10k | 2.58% → $10k - $50k | 2.63% → $50k - $100k | 2.68% → $100k - $500k
2.22%*$500k*-24 Month IRA
OTHER TIERS: 2.02% → $1k - $10k | 2.07% → $10k - $50k | 2.12% → $50k - $100k | 2.17% → $100k - $500k
0.55%*$25k*-IRA Variable
OTHER TIERS: 0.20% → $1 - $2.5k | 0.35% → $2.5k - $10k | 0.45% → $10k - $25k
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