Michigan Legacy Credit Union is headquartered in Wyandotte and is the 65th largest credit union in the state of Michigan. It is also the 1,115th largest credit union in the nation. It was established in 1946 and as of December of 2022, it had grown to 62 employees and 19,726 members at 5 locations. Michigan Legacy Credit Union has a B+ 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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62642 |
| Year Chartered | 1946 |
| Employees | 62 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 4.56% |
| Annual Interest Income | $7.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $249.6MM$268.1MM |
| Loans | Q4 2022vs Q4 2021 | $170.8MM$175.4MM |
| Deposits | Q4 2022vs Q4 2021 | $221.3MM$232.3MM |
| Equity Capital | Q4 2022vs Q4 2021 | $22.7MM$24.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $349.00K$725.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $843.00K$153.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |