Best Financial Credit Union

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A short history of Best Financial CU

Since its inception in 1955 the Best Financial Credit Union has been serving its members in the MUSKEGON, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Morgan Rescorla, the Best Financial CU has grown its membership to over 11,393 with assets of more than $86,453,647. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (231) 733-1329 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MUSKEGON, MI.

General Information For Best Financial CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62027
Address 1888 E SHERMAN 
State Michigan 
Zip-Code 49444
Phone Number (231) 733-1329
Fax Number (231) 737-1425
Email Address:
CEO/President Morgan Rescorla
Members 11,393 
Full-Time Employees 35 
Part-Time Employees
Number of Branch Offices
Total Assets 86,453,647 

Compare Best Financial Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
First General CU First General CU - Western Branch 121 W Western Ave 49441 (231) 726-3311 No 1.80
Service 1 CU Service 1 FCU 1075 E Sherman Blvd 49443 (231) 739-5068 No 2.76
Family Financial CU Main Office 3575 Henry St 49441 (231) 733-4600 No 3.73
Muskegon Patternmakers CU muskegon patternmakers fcu 513 w broadway ave 49444 (231) 733-1121 No 3.90
Sb Community CU SB CFCU 991 W Broadway Ave 49441 (231) 759-2500 No 4.29

Best Financial Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Best Financial Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 5.99 1.99 6.50 3.63 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 25 34 499 86 100
Rank Among All Michigan Credit Unions 2 8 111 14 15

Best Financial Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 0.45 0.65
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 105 274 205
Rank Among All Michigan Credit Unions N/A 14 21 61 44
Best Financial Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 5.9902,7114,265,416
All Other Unsecured Loans/Lines of Credit 15.0002,0191,786,938
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.990851,826,805
Used Vehicle Loans 6.5001,50714,704,325
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.63016713,330,779
Total Other Real Estate Loans/Lines of Credit 4.0001523,040,940
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.0103324,227,289
TOTAL LOANS & LEASES 6,97343,182,492

Best Financial Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 615,691,600111,180,800
    b. 15 Years or less 1036,938,0979882,770
    a. > 15 years 2546,0042553,127
    b. 15 Years or less 1155,0781225,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 48859,50000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1022,167,61510458,500
Open-End Fixed Rate 213,82500
TOTALS 31916,371,719333,300,197


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Best Financial Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes