2. Muskegon Federal Credit Union

Muskegon Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
3.03%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
1.26%1-year CD
2.65% - Barclays 12 Month Online CDAdvertisement
0.05%Savings
2.00% - Ally Bank Online Savings AccountAdvertisement
View all Muskegon Federal Credit Union rates »

Overview / Commentary
www.muskfedcu.com
231-722-7285
65 W LAKETON AVE
Muskegon, MI 49441

Muskegon Federal Credit Union is headquartered in MUSKEGON and is the 140th largest credit union in the state of Michigan. It is also the 2,324th largest credit union in the nation. It was established in 1951 and as of September of 2018, it had grown to 14 employees and 5,273 members at 2 locations. Muskegon Federal Credit Union's savings rates are 54% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Muskegon or other selected areas. Also open to employees of the City of Muskegon and several other municipalities in Muskegon County.
See current membership details

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Health
B+

Data as of Q3 2018

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Muskegon Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #7509
Year Chartered1951
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.22%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$49.9MM$49.6MM
LoansQ3 2018vs Q3 2017$19.6MM$19.3MM
DepositsQ3 2018vs Q3 2017$43.7MM$43.7MM
Equity CapitalQ3 2018vs Q3 2017$5.9MM$5.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$170.00K$123.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$48.00K$25.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Muskegon Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$50k*-Tiered Hi-Yield Account
OTHER TIERS: 0.45% → $2k - $20k | 0.65% → $20k - $50k
0.05%--Christmas Clubs Account
0.05%--Shares Savings Account
0.05%--IRAs Account

Muskegon Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-5 Year Share Certificate
2.78%$500-4 Year Share Certificate
2.27%$500-3 Year Share Certificate
1.51%$500-2 Year Share Certificate
1.26%$500-1 Year Share Certificate
1.01%$500-6 Month Share Certificate

Muskegon Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-5 Year IRA
2.78%$500-4 Year IRA
2.27%$500-3 Year IRA
1.51%$500-2 Year IRA
1.26%$500-1 Year IRA
1.01%$500-6 Month IRA
Locations


Muskegon Federal Credit Union Locations
Branch Office1700 HOLTON RDMUSKEGON, MI 49445-1472
Branch Office65 W LAKETON AVEMUSKEGON, MI 49441

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