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 145th largest credit union in the state of Michigan. It is also the 2,367th largest credit union in the nation. It was established in 1951 and as of March of 2017, it had grown to 9 employees and 5,397 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
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD-0.24%
Return on Equity - YTD-2.24%
Annual Interest Income$338.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$49.5MM$47.8MM
LoansQ1 2017vs Q1 2016$19.1MM$18.2MM
DepositsQ1 2017vs Q1 2016$44.1MM$42.5MM
Equity CapitalQ1 2017vs Q1 2016$5.4MM$5.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$158.00K$107.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$22.00K$33.00K
Real Estate OwnedQ1 2017vs Q1 2016$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
1.26%$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 Governmental Emp Federal Credit Union IRA Rates

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