Muskegon Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	5-year CD	5 Year Share Certificate 2.40% - Goldman Sachs Bank USA 5 Year CD
0.35%	1-year CD	1 Year Share Certificate 1.50% - Goldman Sachs Bank USA 12 Month CD
0.05%	Savings	Shares Savings Account 1.35% - CIT Bank Premier High Yield Savings

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 145^th largest credit union in the state of Michigan. It is also the 2,367^th largest credit union in the nation. It was established in 1951 and as of June of 2017, it had grown to 9 employees and 5,417 members at 2 locations. Muskegon Federal Credit Union 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 Q2 2017

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 Chartered	1951
Employees	9
Primary Regulator

Profit Margin
Return on Assets - YTD	0.17%
Return on Equity - YTD	1.58%
Annual Interest Income	$683.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$49.5MM$48.4MM
Loans	Q2 2017vs Q2 2016	$19.1MM$18.3MM
Deposits	Q2 2017vs Q2 2016	$44.0MM$43.1MM
Equity Capital	Q2 2017vs Q2 2016	$5.4MM$5.3MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$139.00K$118.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$9.00K$131.00K
Real Estate Owned	Q2 2017vs Q2 2016	$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
0.20%^*	$75k^*	-	Tiered Hi-Yield Account
OTHER TIERS: 0.10% → $2k - $35k \| 0.15% → $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
2.02%	$500	-	5 Year Share Certificate
1.61%	$500	-	4 Year Share Certificate
1.26%	$500	-	3 Year Share Certificate
0.55%	$500	-	2 Year Share Certificate
0.35%	$500	-	1 Year Share Certificate
0.25%	$500	-	6 Month Share Certificate

Muskegon Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	5 Year IRA
1.61%	$500	-	4 Year IRA
1.26%	$500	-	3 Year IRA
0.55%	$500	-	2 Year IRA
0.35%	$500	-	1 Year IRA
0.25%	$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