West Michigan Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.85% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.70% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.10% | Savings | 0.27% - National Average |
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 1,187th largest credit union in the nation. It was established in 1956 and as of December of 2018, it had grown to 37 employees and 16,004 members at 6 locations. West Michigan Credit Union's CD rates are 89% higher than the national average, and it 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
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62347 |
| Year Chartered | 1956 |
| Employees | 37 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 5.52% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $164.9MM$158.8MM |
| Loans | Q4 2018vs Q4 2017 | $93.0MM$76.9MM |
| Deposits | Q4 2018vs Q4 2017 | $129.9MM$128.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $29.6MM$28.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $483.00K$557.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $457.00K$516.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $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% | $2.5k | - | Midas Savings | |
| 0.15% | $1 | - | Christmas Club | |
| 0.10% | $1 | - | Nest Egg Savings | |
| 0.10% | $5 | - | Share Savings |
West Michigan Credit Union CD Rates
West Michigan Credit Union IRA Rates
| 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 |