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West Michigan Postal Service Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%5-year CD60 Month CD
0.85%1-year CD12 Month CD
0.15%SavingsShare Savings

Overview / Commentary
231-722-3921
800 1st St Room 212
Muskegon, MI 49440

West Michigan Postal Service Federal Credit Union is headquartered in Muskegon and is the 230th largest credit union in the state of Michigan. It is also the 4,731st largest credit union in the nation. It was established in 1952 and as of September of 2016, it had grown to 2 employees and 864 members at 1 location. West Michigan Postal Service Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership in West Michigan Postal Service Federal Credit Union is open to employees and retirees of the U.S. Postal Service working in Muskegon, North Muskegon, Muskegon Heights, Montague, Fruitport, Whitehall, Holton, Twin Lake, Ravenna, Grand Rapids, Ada, Spring Lake, Ferrysburg, Nunica, Grand Haven, Coopersville, Conklin, Lamont, Marne, or Allendale, Michigan.
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Health
C
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. West Michigan Postal Service Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #7910
Year Chartered1952
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.91%
Annual Interest Income$184.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$6.0MM$5.9MM
LoansQ3 2016vs Q3 2015$4.1MM$3.9MM
DepositsQ3 2016vs Q3 2015$5.5MM$5.4MM
Equity CapitalQ3 2016vs Q3 2015$506.00K$481.00K
Loan Loss AllowanceQ3 2016vs Q3 2015$29.00K$27.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$53.00K$25.00K
Real Estate OwnedQ3 2016vs Q3 2015$5.00K$12.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

West Michigan Postal Service Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$55k*-Share Savings
OTHER TIERS: 0.05% $100 - $5k | 0.07% $5k - $25k | 0.10% $25k - $55k

West Michigan Postal Service Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--60 Month CD
1.44%--36 Month CD
1.06%--24 Month CD
0.85%--12 Month CD
0.71%--6 Month CD
0.63%--9 Month CD
0.37%--3 Month CD
Locations


West Michigan Postal Service Federal Credit Union Locations
Branch Office800 1st St Room 212Muskegon, MI 49440