Featured Savings Rates
Featured Accounts

Muskegon Governmental Emp Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.02%5-year CD5 Year Share Certificate
0.35%1-year CD1 Year Share Certificate
0.05%SavingsShares Savings Account

Overview / Commentary
231-722-7285
65 W LAKETON AVE
Muskegon, MI 49441

Muskegon Governmental Emp Federal Credit Union is headquartered in MUSKEGON and is the 143rd largest credit union in the state of Michigan. It is also the 2,357th largest credit union in the nation. It was established in 1951 and as of June of 2016, it had grown to 10 employees and 5,429 members at 2 locations. Muskegon Governmental Emp 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.
See current membership details

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Health
B+
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 Governmental Emp Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #7509
Year Chartered1951
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.01%
Return on Equity - YTD0.08%
Annual Interest Income$631.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$48.4MM$46.9MM
LoansQ2 2016vs Q2 2015$18.3MM$18.1MM
DepositsQ2 2016vs Q2 2015$43.1MM$41.7MM
Equity CapitalQ2 2016vs Q2 2015$5.3MM$5.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$118.00K$103.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$131.00K$192.00K
Real Estate OwnedQ2 2016vs Q2 2015$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 Governmental Emp Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Governmental Emp Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-5 Year Share Certificate
1.61%$500-4 Year Share Certificate
1.00%$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 Governmental Emp Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-5 Year IRA
1.61%$500-4 Year IRA
1.00%$500-3 Year IRA
0.55%$500-2 Year IRA
0.35%$500-1 Year IRA
0.25%$500-6 Month IRA
Locations


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