Community West Credit Union

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A short history of Community West CU

Since its inception in 1967 the Community West Credit Union has been serving its members in the KENTWOOD, 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 Jon Looman, the Community West CU has grown its membership to over 23,039 with assets of more than $184,668,556. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (616) 261-5657 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 KENTWOOD, MI.

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

Charter Number 61677
Address PO BOX 8069 
State Michigan 
Zip-Code 49518
Phone Number (616) 261-5657
Fax Number (616) 698-0955
Email Address:
CEO/President Jon Looman
Members 23,039 
Full-Time Employees 58 
Part-Time Employees 11 
Number of Branch Offices
Total Assets 184,668,556 

Compare Community West Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Latvian Heritage CU Latvian Heritage Federal Credit Union Detroit Office 30623 W 12 Mile Rd 48334 (248) 477-5955 No 1.07
Aac CU Standale 177 Wilson Ave NW 49534 (616) 288-0288 No 1.28
West Michigan CU Cadillac 215 Bell Ave 49601 (231) 775-0145 No 1.69
Kent County CU South Branch 901 Gezon PKWY SW 49505 (616) 531-7865 No 2.02
Fedcom CU Jenison Office 7565 Cottonwood Dr 49428 (616) 364-7283 No 2.22

Community West Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Community West 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 9.90 2.75 2.75 4.25 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 115 71 174 56
Rank Among All Michigan Credit Unions 38 28 18 44 5

Community West Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 7.00 0.10 0.20 1.00 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 3 129 114 174 158
Rank Among All Michigan Credit Unions 1 16 25 35 26
Community West Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9004,5297,516,515
All Other Unsecured Loans/Lines of Credit 11.0003,6512,891,435
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.0001903,221,307
New Vehicle Loans 2.7502,12230,609,824
Used Vehicle Loans 2.7505,45048,629,286
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.25042731,843,130
Total Other Real Estate Loans/Lines of Credit 3.50053212,495,500
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.2506685,752,403
TOTAL LOANS & LEASES 17,569142,959,400

Community West 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 18417,985,735263,882,266
    b. 15 Years or less 24313,857,39510762,049
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 571,551,93815627,532
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 47510,943,562431,283,540
Open-End Fixed Rate 0000
TOTALS 95944,338,630946,555,387


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

Community West Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending Yes
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