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Featured Accounts

Preferred Credit Union (MI)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.46%5-year CD60 Month CD
0.50%1-year CD12 Month CD
0.15%SavingsShare Savings

Overview / Commentary
616-942-9630
3767 Sparks Dr SE
Grand Rapids, MI 49546

Preferred Credit Union (MI) is headquartered in Grand Rapids and is the 69th largest credit union in the state of Michigan. It is also the 1,158th largest credit union in the nation. It was established in 1968 and as of September of 2016, it had grown to 56 employees and 24,552 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.
See current membership details

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Health
A+

Health Grade Components

Overall
NCUA #62340
Year Chartered1968
Employees56
Primary Regulator
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD9.49%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$162.2MM$158.6MM
LoansQ3 2016vs Q3 2015$97.3MM$90.2MM
DepositsQ3 2016vs Q3 2015$136.7MM$131.5MM
Equity CapitalQ3 2016vs Q3 2015$22.8MM$20.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$579.00K$699.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$840.00K$880.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Preferred Credit Union (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-Christmas Club
0.35%$100-IRA Savings
0.25%$100-Vacation Club
0.25%--HSA
0.15%$100-Share Savings

Preferred Credit Union (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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