Muskegon Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.78%	5-year CD	5 Year Share Certificate 3.00% - Barclays 60 Month Online CD
1.00%	1-year CD	1 Year Share Certificate 2.30% - Ally Bank High Yield 12-Month CD
0.05%	Savings	Shares Savings Account 1.75% - Ally Bank Online Savings Account

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 144^th largest credit union in the state of Michigan. It is also the 2,323^rd largest credit union in the nation. It was established in 1951 and as of March of 2018, it had grown to 10 employees and 5,368 members at 2 locations. Muskegon Federal Credit Union's CD rates are 11% 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.
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Health

B+

Data as of Q1 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 relatively low asset base.

Health Grade Components

Overall
NCUA #	7509
Year Chartered	1951
Employees	10
Primary Regulator

Profit Margin
Return on Assets - YTD	0.72%
Return on Equity - YTD	6.3%
Annual Interest Income	$354.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$51.0MM$49.5MM
Loans	Q1 2018vs Q1 2017	$19.1MM$19.1MM
Deposits	Q1 2018vs Q1 2017	$45.0MM$44.1MM
Equity Capital	Q1 2018vs Q1 2017	$5.8MM$5.4MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$131.00K$158.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$2.00K$22.00K
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Savings
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$75k^*	-	Tiered Hi-Yield Account
OTHER TIERS: 0.20% → $2k - $35k \| 0.25% → $35k - $75k
0.05%	-	-	Christmas Clubs Account
0.05%	-	-	Shares Savings Account
0.05%	-	-	IRAs Account

Muskegon Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.78%	$500	-	5 Year Share Certificate
2.27%	$500	-	4 Year Share Certificate
1.76%	$500	-	3 Year Share Certificate
1.26%	$500	-	2 Year Share Certificate
1.00%	$500	-	1 Year Share Certificate
0.75%	$500	-	6 Month Share Certificate

Muskegon Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.78%	$500	-	5 Year IRA
2.27%	$500	-	4 Year IRA
1.76%	$500	-	3 Year IRA
1.26%	$500	-	2 Year IRA
1.00%	$500	-	1 Year IRA
0.75%	$500	-	6 Month IRA

Locations

Muskegon Federal Credit Union Locations
Branch Office	1700 HOLTON RD	MUSKEGON, MI 49445-1472
Branch Office	65 W LAKETON AVE	MUSKEGON, MI 49441

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