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Saginaw Medical Federal Credit Union

Overview / Commentary

Saginaw Medical Federal Credit Union is headquartered in SAGINAW and is the 80th largest credit union in the state of Michigan. It is also the 1,349th largest credit union in the nation. It was established in 1970 and as of March of 2019, it had grown to 32 employees and 11,920 members at 2 locations. Saginaw Medical Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in SMFCU (formerly Saginaw Medical Federal Credit Union) is open to employees, independent contractors, or self-employed persons who regularly work in the Health Care Industry anywhere in the State of Michigan.
See current membership details

Related Posts

Saginaw Medical Federal Credit Union Offers 60-Month CD, 3.26% APY - 6/21/2019

Saginaw Medical Federal Credit Union (MI) is currently offering a 60-month Share Certificate, earning 3.26% APY. Minimum deposit is $500. Also available as an IRA.

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Health Grade Components

NCUA #20007
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD5.99%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$137.5MM$136.9MM
LoansQ1 2019vs Q1 2018$92.1MM$76.7MM
DepositsQ1 2019vs Q1 2018$120.0MM$121.0MM
Equity CapitalQ1 2019vs Q1 2018$16.1MM$14.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$331.00K$319.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$130.00K$128.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Saginaw Medical Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Saginaw Medical Federal Credit Union Savings Account Rates

2.00%*-$15kYoung Savers
OTHER TIERS: 0.15% $15k+
1.26%*$50k*-IRA Savings
OTHER TIERS: 0.50% Up to $10k | 0.75% $10k - $20k | 1.00% $20k - $50k
0.30%*$100k*-Business Savings
OTHER TIERS: 0.15% $250 - $10k | 0.20% $10k - $100k
0.10%$250-Regular Savings
0.10%$250-Christmas Club
0.10%$250-Vacation Club
0.10%$250-2nd Savings

Saginaw Medical Federal Credit Union Money Market Rates

1.00%*$250k*-MONEYPlus Money Market Account
OTHER TIERS: 0.25% $2.5k - $10k | 0.45% $10k - $100k | 0.70% $100k - $250k

Saginaw Medical Federal Credit Union Checking Account Rates

1.25%*$2.5k*$25kPremium Checking Rewards
OTHER TIERS: 0.20% $25k+
0.20%$10k-Premium Checking
0.20%$10k-Business Checking

Saginaw Medical Federal Credit Union CD Rates

4.00%$500$7007 Month Youth Certificate
3.26%$500-60 Month CD
2.74%$500-48 Month CD
2.55%$500-28 Month CD Special - New Money
2.50%$500-36 Month CD
2.27%$500-24 Month CD
1.92%$500-12 Month CD
1.67%$25-12 Month Save to Win CD
1.35%$500-6 Month CD

Saginaw Medical Federal Credit Union IRA Rates

3.26%$500-60 Month IRA
2.74%$500-48 Month IRA
2.50%$500-36 Month IRA
2.27%$500-24 Month IRA
1.92%$500-12 Month IRA
1.35%$500-6 Month IRA

Saginaw Medical Federal Credit Union Locations
Branch Office1430 N Michigan AveSaginaw, MI 48602-4734
Branch Office4550 State StSaginaw, MI 48603

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