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 16th largest credit union in the state of Michigan. It is also the 307th largest credit union in the nation. It was established in 1926 and as of December of 2022, it had grown to 475 employees and 187,715 members at 28 locations. Michigan First Credit Union has a B+ 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
B+

Health Grade Components

Overall
NCUA #60522
Year Chartered1926
Employees475
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD9.82%
Annual Interest Income$54.8MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.48B$1.48B
LoansQ4 2022vs Q4 2021$1.08B$915.6MM
DepositsQ4 2022vs Q4 2021$1.10B$1.24B
Equity CapitalQ4 2022vs Q4 2021$156.7MM$169.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$9.4MM$8.8MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$6.8MM$5.3MM
Real Estate OwnedQ4 2022vs Q4 2021$0$250.00K
Rates

Rates for Michigan First Credit Union are currently being reviewed.

Locations

Availability



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