West Michigan Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.85%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
1.70%	1-year CD	2.65% - Barclays 12 Month Online CD
0.10%	Savings	2.00% - Ally Bank Online Savings Account

View all West Michigan Credit Union rates »

Overview / Commentary

westmichigancu.com

616-451-4567

1319 Front Ave NW
Grand Rapids, MI 49504

West Michigan Credit Union is headquartered in Grand Rapids and is the 70^th largest credit union in the state of Michigan. It is also the 1,188^th largest credit union in the nation. It was established in 1956 and as of June of 2018, it had grown to 35 employees and 15,834 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

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Health

A

Data as of Q2 2018

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Health Grade Components

Overall
NCUA #	62347
Year Chartered	1956
Employees	35
Primary Regulator

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	5.64%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$165.7MM$161.2MM
Loans	Q2 2018vs Q2 2017	$84.0MM$76.5MM
Deposits	Q2 2018vs Q2 2017	$134.4MM$132.4MM
Equity Capital	Q2 2018vs Q2 2017	$28.8MM$27.1MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$489.00K$501.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$446.00K$438.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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CD
IRA

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West Michigan Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.85%	$500	-	60 Month CD Special
2.25%	$500	-	36 Month CD Special
1.70%	$500	-	12 Month CD Special
0.95%	$500	-	48 Month CD
0.60%	$500	-	24 Month CD
0.25%	$500	-	3 Month CD
0.25%	$500	-	6 Month CD

West Michigan Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.85%	$500	-	60 Month IRA Special
2.25%	$500	-	36 Month IRA Special
1.70%	$500	-	12 Month IRA Special
0.95%	$500	-	48 Month IRA
0.60%	$500	-	24 Month IRA
0.25%	$500	-	3 Month IRA
0.25%	$500	-	6 Month IRA

Locations

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

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