Members First Credit Union

Headquarters

Po Box 2165
Midland, MI 48641
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Notable Rates APY Vs.Others
Savings 0.17% 5.50% →
1-Year CD 0.55% 4.80% →
2-Year CD 0.69% 4.25% →
5-Year CD 1.10% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Members First is an NCUA insured institution located in Midland, MI. It was founded in 1936 and has approximately $847.59 millions in assets.

Who can join?

All those persons who live, work, worship, or attend school or post-high school in the following Michigan counties: Midland, Clare, Gladwin, Isabella, Gratiot, Osceola, Saginaw, or Bay.

Employees and students of the schools in the County of Midland, Michigan, and the Midland City Education Association

Employees and students of Delta College, Saginaw-Bay City, Michigan, who live or work in the County of Midland, Michigan.Employees or members of employer groups or other organized groups, which are located within 25 Miles of the credit union’s main office.

Any person over the age of 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to, a retirement organization located in the county or in a county contiguous to the county where the credit union’s main office is located.

Employees of this credit union.

Immediate family of existing Members First Credit Union members.

Organizations incorporated or otherwise, composed for the most part of the same general group making up the membership outlined above.

A spouse of a deceased member may be elected to membership at any time prior to remarriage.

NCUA Insured Yes / State-Chartered
Charter Number # # 62076
Date Established 1936
Assets $847.59 million
Loans $609.77 million
Deposits $729.68 million
Capital $77.29 million
 

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Clare, Midland, Gladwin, Gratiot, Isabella, Bay, Osceola, and Saginaw Counties in Michigan. Membership is also open to students and employees of Midland County schools and the Midland City Education Association and Delta College who live or work in Midland County.

Deposit Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.17% $2,500 $4,999 Learn More
Money Market
0.17% $2,500 $2,999 Learn More
Money Market
0.22% $10,000 $14,999 Learn More
Money Market
0.26% $25,000 $29,999 Learn More
Premium Money Market Account
0.32% $10,000 $14,999 Learn More
Premium Money Market Account
0.36% $25,000 $34,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.69% $10,000 $14,999 Learn More
24 Mo CD
0.69% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 7, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Members First

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Midwest Mortgage Lending
NMLS ID: 2262032
License#: RM.804810.000
6.391% 6.250% 1.00 $4,800 $1,971 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.596% 6.500% 0.63 $3,210 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.993% 6.875% 1.00 $3,852 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.313% 7.250% 0.63 $2,000 $2,183 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Members First
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Members First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

MEMBERS FIRST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Members First Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Members First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Members First U.S. Average
4.92% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Members First had $3,892,928 in non-current loans and $56,426 in owned assets. To cover these potential losses it had $77,290,658 in net worth and $3,036,235 in loans loss reserves. That gives it a Texas Ratio of 4.92%.

Net Worth
Members First U.S. Average
9.09% 13.93%

Members First FCU has a net worth of 9.09% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Members First

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