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Overview / Commentary
3767 Sparks Dr SE
Grand Rapids, MI 49546

Preferred Credit Union (MI) is headquartered in Grand Rapids and is the 68th largest credit union in the state of Michigan. It is also the 1,149th largest credit union in the nation. It was established in 1968 and as of June of 2016, it had grown to 54 employees and 24,884 members at 6 locations. Preferred Credit Union (MI) has an A+ health rating.

Field of Membership Restrictions

Membership is open to anyone through becoming a member of the Co-Optical Service ($2 sign-up fee). Membership is open to those who live, work, attend school or worship in Barry, Allegan, Branch, Berrien, Cass, Calhoun, Clinton, Clare, Gratiot, Eaton, Ionia, Kalamazoo, Isabella, Lake, Kent, Manistee, Mecosta, Mason, Missaukee, Muskegon, Montcalm, Newaygo, Oceana, Osceola, Ottawa, St. Joseph, Van Buren and Wexford Counties in Michigan.
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Health Grade Components

NCUA #62340
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD9.21%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$162.2MM$160.2MM
LoansQ2 2016vs Q2 2015$94.1MM$85.4MM
DepositsQ2 2016vs Q2 2015$137.1MM$133.0MM
Equity CapitalQ2 2016vs Q2 2015$22.3MM$19.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$573.00K$653.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$502.00K$754.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Preferred Credit Union (MI) Savings Account Rates

0.50%$100-Christmas Club
0.35%$100-IRA Savings
0.25%$100-Vacation Club
0.15%$100-Share Savings

Preferred Credit Union (MI) Money Market Rates

0.35%*$50k*-Preferred Money Account
OTHER TIERS: 0.15% $500 - $2,500 | 0.20% $2,500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k

Preferred Credit Union (MI) CD Rates

1.46%*$10k*-60 Month CD
OTHER TIERS: 1.31% $500 - $10k
1.11%*$10k*-48 Month CD
OTHER TIERS: 0.95% $500 - $10k
0.90%*$10k*-36 Month CD
OTHER TIERS: 0.75% $500 - $10k
0.65%*$10k*-30 Month CD
OTHER TIERS: 0.50% $500 - $10k
0.60%*$10k*-24 Month CD
OTHER TIERS: 0.45% $500 - $10k
0.50%*$10k*-12 Month CD
OTHER TIERS: 0.35% $500 - $10k
0.45%*$10k*-9 Month CD
OTHER TIERS: 0.30% $500 - $10k
0.35%*$10k*-6 Month CD
OTHER TIERS: 0.20% $500 - $10k

Preferred Credit Union (MI) IRA Rates

1.66%*$10k*-60 Month IRA
OTHER TIERS: 1.51% $500 - $10k
1.31%*$10k*-48 Month IRA
OTHER TIERS: 1.16% $500 - $10k
1.11%*$10k*-36 Month IRA
OTHER TIERS: 0.95% $500 - $10k
0.85%*$10k*-30 Month IRA
OTHER TIERS: 0.70% $500 - $10k
0.80%*$10k*-24 Month IRA
OTHER TIERS: 0.65% $500 - $10k
0.70%*$10k*-12 Month IRA
OTHER TIERS: 0.55% $500 - $10k
0.65%*$10k*-9 Month IRA
OTHER TIERS: 0.50% $500 - $10k
0.55%*$10k*-6 Month IRA
OTHER TIERS: 0.40% $500 - $10k

Preferred Credit Union (MI) Locations
Branch Office7473 Storey RdBelding, MI 48809-9360
Branch Office534 N Lafayette StGreenville, MI 48838-1167
Branch Office329 N Michigan AveHastings, MI 49058
Branch Office4245 S Westnedge AveKalamazoo, MI 49008-3207
Branch Office266 N Jebavy DrLudington, MI 49431
Branch Office3767 Sparks Dr SEGrand Rapids, MI 49546