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West Michigan Postal Service Federal Credit Union


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 210th largest credit union in the state of Michigan. It is also the 4,403rd largest credit union in the nation. It was established in 1952 and as of March of 2019, it had grown to 2 employees and 850 members at 1 location. West Michigan Postal Service Federal Credit Union's CD rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

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
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 - YTD1.26%
Return on Equity - YTD12.58%
Annual Interest Income$77.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$6.4MM$6.0MM
LoansQ1 2019vs Q1 2018$4.0MM$4.3MM
DepositsQ1 2019vs Q1 2018$5.8MM$5.5MM
Equity CapitalQ1 2019vs Q1 2018$636.00K$536.00K
Loan Loss AllowanceQ1 2019vs Q1 2018$16.00K$40.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$26.00K$5.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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% $251 - $5k | 0.07% $5k - $25k | 0.10% $25k - $55k

West Michigan Postal Service Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.01%--60 Month CD
2.47%--36 Month CD
2.23%--24 Month CD
1.84%--12 Month CD
1.69%--9 Month CD
1.55%--6 Month CD
0.56%--3 Month CD
Locations


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

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