West Michigan Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.20% | 5-year CD | 60 Months CD 2.35% - Synchrony Bank 60 Month CD |
| 0.30% | 1-year CD | 12 Months CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Share Savings |
West Michigan Credit Union is headquartered in Grand Rapids and is the 69th largest credit union in the state of Michigan. It is also the 1,177th largest credit union in the nation. It was established in 1956 and as of March of 2017, it had grown to 39 employees and 16,632 members at 6 locations. West Michigan Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live, worship or work in Lake, Kent, Manistee, Missaukee, Mecosta, Montcalm, Newaygo, Osceola, or Wexford Counties in Michigan. Membership is also open to employees and retirees of the State of Michigan who live or work in Benzie, Leelanau, Mason, Muskegon, Oceana, and Ottawa Counties; Miller Industries in Reed City.
See current membership details
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62347 |
| Year Chartered | 1956 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 5.52% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $163.6MM$149.0MM |
| Loans | Q1 2017vs Q1 2016 | $75.5MM$68.6MM |
| Deposits | Q1 2017vs Q1 2016 | $135.3MM$122.1MM |
| Equity Capital | Q1 2017vs Q1 2016 | $26.7MM$24.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $564.00K$479.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $532.00K$392.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not West Michigan Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
West Michigan Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $5k | - | Gold Savings | |
| 0.15% | $2,500 | - | Midas Savings | |
| 0.15% | - | - | Christmas Club | |
| 0.10% | - | - | Nest Egg Savings | |
| 0.10% | - | - | Share Savings |
West Michigan Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.20% | $500 | - | 60 Months CD | |
| 0.95% | $500 | - | 48 Months CD | |
| 0.85% | $500 | - | 36 Months CD | |
| 0.60% | $500 | - | 24 Months CD | |
| 0.30% | $500 | - | 12 Months CD | |
| 0.25% | $500 | - | 3 Months CD | |
| 0.25% | $500 | - | 6 Months CD |
| West Michigan Credit Union Locations | ||
|---|---|---|
| Branch Office | 215 Bell Ave | Cadillac, MI 49601-1103 |
| Branch Office | 758 S Chestnut St | Reed City, MI 49677-1395 |
| Branch Office | 802 Division St | Big Rapids, MI 49307-2230 |
| Branch Office | 825 Division St | Big Rapids, MI 49307-2229 |
| Branch Office | 1319 Front Ave NW | Grand Rapids, MI 49504 |
| Branch Office | 316 Care Center Dr | Manistee, MI 49660 |