Vibe Credit Union is headquartered in Novi and is the 21st largest credit union in the state of Michigan. It is also the 368th largest credit union in the nation. It was established in 1953 and as of June of 2023, it had grown to 238 employees and 77,602 members at 16 locations. Vibe Credit Union's savings rates are 6X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Vibe Credit Union is open to those who live or work in the Lower Peninsula of Michigan and to retirees of SBC, Ameritech, Western Electric, AT&T or Michigan Bell. (Requirements are listed in the credit union's online application)
See current membership details
Loan Completion
I am happy after applying for loan to pay off my credit cards was approved, my loan specialist was awesome until the end . She kept me updated about paperwork and completed my process. I am less stressed because I can make one payment instead of numerous payments , I would refer anybody to do banking with Vibe Credit Union. I also referred another family member to check into opening account , getting his credit better to qualify for a loan .My loan specialist also assisted with that process also . Brittani thank you so much for your assistance.
Vibe Is Helpful, Very Courteous And A Pleasure To Do Business With.
I had planned to take advantage of the 5 year 2.50% CD and became a member. Then I realized my CD's were IRA's and had them transferred someplace else where I could combine them with existing CD's for a higher rate.
I kept the account open and will open an account with them some day. Even though they are on the other side of the state they made the process of opening an account and becoming a member easy and flawless.
Self's Widow
I have been a member for about 43 years while the organization has added more and more services.
As well, there've been at least three name changes. First name I remember was Detroit Telephone Employees Credit Union, and many of my co-workers were members who rated the CU highly. They do have hours into the early evening which increases the convenience.
Worst Customer Service EVER
Nothing but problems since OCCU merged with Vibe. I'm shopping for a new bank now.
I tried to get a home equity loan through VIBE, they said the process takes 3 to 5 MONTHS!!! I went with another bank, and I got one IN THREE DAYS!
Other problems include them randomly cancelling my ATM, not letting me change my ATM pin, forcing me to take a debit card to be able to change my pin, even though I don't want one.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61522 |
| Year Chartered | 1953 |
| Employees | 238 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 4.49% |
| Annual Interest Income | $23.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.23B$1.16B |
| Loans | Q2 2023vs Q2 2022 | $855.4MM$764.6MM |
| Deposits | Q2 2023vs Q2 2022 | $1.10B$1.03B |
| Equity Capital | Q2 2023vs Q2 2022 | $108.9MM$110.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$4.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.4MM$2.9MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
