Michigan Legacy Credit Union is headquartered in Wyandotte and is the 58th largest credit union in the state of Michigan. It is also the 1,008th largest credit union in the nation. It was established in 1946 and as of December of 2020, it had grown to 72 employees and 22,956 members at 6 locations. Michigan Legacy Credit Union has an A health rating.
Field of Membership Restrictions
Michigan Legacy Credit Union is open to those who live, work or own a business, attend school or worship in Oakland, Wayne, Macomb, Livingston or Monroe Counties in Michigan. (Eligibility requirements are posted in the online application)
See current membership details
Michigan Legacy Credit Union
Tellers were rude,disrespectful, I don't trust most of them. Two weeks after my personal loan is paid off,,,,credit report still says open loan...149.00 owed. Looks vengeful......not recomended
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62642 |
| Year Chartered | 1946 |
| Employees | 72 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.7% |
| Annual Interest Income | $7.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $261.0MM$213.8MM |
| Loans | Q4 2020vs Q4 2019 | $152.6MM$105.9MM |
| Deposits | Q4 2020vs Q4 2019 | $225.1MM$190.7MM |
| Equity Capital | Q4 2020vs Q4 2019 | $24.3MM$21.7MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.3MM$1.3MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.0MM$1.3MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$9.00K |