27000 Evergreen Road
Lathrup Village, MI 48076
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Michigan First is an NCUA insured institution located in Lathrup Village, MI. It was founded in 1926 and has approximately $1471.7 millions in assets.
Who can join?
Membership in Michigan First is now open to anyone who lives, works, or worships within Macomb, Oakland or Wayne counties.
In addition, field of membership also includes more than forty-seven different educational organizations and hundreds of private and charter schools.
The students, alumni and staff of these educational organizations, and their families, are also eligible for membership.
NCUA Insured | Yes / State-Chartered |
Charter Number # | # 60522 |
Date Established | 1926 |
Assets | $1,471.70 million |
Loans | $1,042.97 million |
Deposits | $1,079.65 million |
Capital | $213.38 million |
Your Current Location: Ohio, OH 43085
Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.20% | $2,500 | $4,999 |
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|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
12 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
24 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
36 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
48 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
48 Mo CD
|
1.06% | $100,000 | $199,999 |
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|
60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
60 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
Variable IRA Rates | APY | MIN | MAX | |
---|---|---|---|---|
Var IRA
|
0.20% | $1 | $499 | Learn More |
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Michigan First
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
---|---|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 2578474 |
6.596% | 6.500% | 0.63 | $3,210 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.993% | 6.875% | 1.00 | $3,852 | $2,103 | Learn More |
NMLS ID: 3030 |
7.313% | 7.250% | 0.63 | $2,000 | $2,183 | Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Michigan First
To upload and update your bank's rates please register.
It is free to register and add rates.
Below are Michigan 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
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
157.26 | A | View Lobby Hours | |
165.62 | B | View Lobby Hours | |
165.67 | C | View Lobby Hours | |
166.51 | D | View Lobby Hours | |
171.01 | E | View Lobby Hours | |
172.48 | F | View Lobby Hours | |
175.09 | G | View Lobby Hours | |
185.65 | H | View Lobby Hours | |
193.98 | I | View Lobby Hours | |
199.07 | J | View Lobby Hours | |
199.85 | K | View Lobby Hours | |
206.71 | L | View Lobby Hours | |
220.59 | M | View Lobby Hours | |
237.69 | N | View Lobby Hours | |
247.46 | O | View Lobby Hours | |
251.23 | P | View Lobby Hours | |
385.86 | Q | View Lobby Hours |
MICHIGAN FIRST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
or use your BestCashCow account
The following ratios and data are available to help you better understand the financial condition of Michigan 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.
Michigan First | U.S. Average |
---|---|
8.82% | 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, Michigan First had $17,385,916 in non-current loans and $2,266,955 in owned assets. To cover these potential losses it had $213,382,527 in net worth and $9,397,913 in loans loss reserves. That gives it a Texas Ratio of 8.82%.
Michigan First | U.S. Average |
---|---|
14.5% | 13.93% |
Michigan First FCU has a net worth of 14.5% 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 Michigan First
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