Preferred Credit Union (MI)

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

preferredcu.org

616-942-9630

3767 Sparks Dr SE
Grand Rapids, MI 49546

Preferred Credit Union (MI) is headquartered in Grand Rapids and is the 61^st largest credit union in the state of Michigan. It is also the 1,031^st largest credit union in the nation. It was established in 1968 and as of March of 2025, it had grown to 75 employees and 23,839 members at 6 locations. Preferred Credit Union (MI) has an A+ health rating.

Field of Membership Restrictions

Preferred Credit Union is open to those who live, work, worship, or attend school in the Michigan counties of Allegan, Barry, Berrien, Branch, Calhoun, Cass, Clare, Clinton, Eaton, Gratiot, Ionia, Isabella, Kalamazoo, Kent, Lake, Manistee, Mason, Mecosta, Missaukee, Montcalm, Muskegon, Newaygo, Oceana, Osceola, Ottawa, St. Joseph, Van Buren or Wexford.
See current membership details

Reviews

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Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	62340
Year Chartered	1968
Employees	75
Primary Regulator

Profit Margin
Return on Assets - YTD	1.15%
Return on Equity - YTD	9.45%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$304.9MM$279.5MM
Loans	Q1 2025vs Q1 2024	$150.9MM$151.6MM
Deposits	Q1 2025vs Q1 2024	$263.6MM$243.3MM
Equity Capital	Q1 2025vs Q1 2024	$36.2MM$30.3MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.4MM$1.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$522K$471K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Preferred Credit Union (MI).

Locations

Preferred Credit Union (MI) Locations
Branch Office	7473 Storey Rd	Belding, MI 48809-9360
Branch Office	534 N Lafayette St	Greenville, MI 48838-1167
Branch Office	329 N Michigan Ave	Hastings, MI 49058
Branch Office	4245 S Westnedge Ave	Kalamazoo, MI 49008-3207
Branch Office	266 N Jebavy Dr	Ludington, MI 49431
Branch Office	3767 Sparks Dr SE	Grand Rapids, MI 49546

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