Construction Federal Credit Union

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A short history of Construction FCU

Since its inception in 1974 the Construction Federal Credit Union has been serving its members in the BINGHAM FARMS, 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 William Tomanek, the Construction FCU has grown its membership to over 1,897 with assets of more than $20,831,221. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (248) 358-4140 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 BINGHAM FARMS, MI.

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

Charter Number 21798
Address 30400 TELEGRAPH RD STE 122, BINGHAM 
State Michigan 
Zip-Code 48025
Phone Number (248) 358-4140
Fax Number (248) 358-2452
Email Address:
CEO/President William Tomanek
Members 1,897 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 20,831,221 

Compare Construction Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Michigan First CU Breton Branch 1815 Breton Rd SE 49506 (616) 456-8848 No 2.43
Birmingham-bloomfield CU Waterford 6375 Highland Rd 48327 (248) 683-2920 No 3.22
Community Choice CU Community Choice Credit Union 25555 W Warren St 48127 (313) 563-8200 No 3.42
People Driven CU Eastside Branch 30800 Van Dyke Ave Ste 101 48093 (248) 263-4220 No 3.50
Southeast Michigan State Employees CU Southeast Michigan State Employees Federal Credit Union 17135 W 10 Mile Rd 48075 (248) 557-2266 No 4.08

Construction Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Construction Federal 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 7.60 4.50 4.50 4.25 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 67 341 264 174 132
Rank Among All Michigan Credit Unions 8 101 66 44 23

Construction Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.25 N/A 0.50 0.85
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 95 N/A 263 179
Rank Among All Michigan Credit Unions 13 10 N/A 59 32
Construction Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.600186668,539
All Other Unsecured Loans/Lines of Credit 12.00073259,925
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.50011204,154
Used Vehicle Loans 4.50027263,383
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.250486,582,676
Total Other Real Estate Loans/Lines of Credit 4.25018400,952
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 12.00016178,935
TOTAL LOANS & LEASES 3798,558,564

Construction Federal 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 355,214,0302194,244
    b. 15 Years or less 12953,09100
    a. > 15 years 0000
    b. 15 Years or less 1415,55500
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 18400,95200
Open-End Fixed Rate 0000
TOTALS 666,983,6282194,244


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

Construction Federal 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 No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes