Michigan Columbus Federal Credit Union

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A short history of Michigan Columbus FCU

Since its inception in 1947 the Michigan Columbus Federal Credit Union has been serving its members in the LIVONIA, 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 Barb Thompson, the Michigan Columbus FCU has grown its membership to over 4,260 with assets of more than $44,465,949. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (734) 425-5080 or email them at rmullins@mcfcu.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LIVONIA, MI.

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

Charter Number 5554
Address 30419 6 MILE RD 
City LIVONIA 
State Michigan 
Zip-Code 48152
Phone Number (734) 425-5080
Fax Number (734) 425-1181
Email Address: rmullins@mcfcu.net
CEO/President Barb Thompson
Members 4,260 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 44,465,949 
Website http://www.mcfcu.net 

Compare Michigan Columbus Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Loc CU Farmington 22981 Farmington Rd 48336 (248) 474-2200 No 2.31
Catholic Vantage Financial CU BRANCH OFFICE - PLYMOUTH 8817 N SHELDON RD 48154 (734) 432-0212 No 2.49
Chiropractic CU Chiropractic Federal Credit Union 172 E State St Ste 502 43215 (248) 478-4020 No 2.71
Zeal CU Zeal Credit Union 25123 Southfield Rd 48154 (800) 321-8570 No 2.77
Parkside CU WESTLAND BRANCH 1747 S NEWBURGH RD 48186 (734) 525-0700 No 4.29

Michigan Columbus Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Michigan Columbus 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 9.88 2.59 2.59 4.00 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 240 93 59 138 132
Rank Among All Michigan Credit Unions 37 22 14 32 23

Michigan Columbus Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.10 0.20 0.25
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 143 134 318 266
Rank Among All Michigan Credit Unions N/A 19 30 73 58
Michigan Columbus Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.8809851,409,969
All Other Unsecured Loans/Lines of Credit 7.990693818,659
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.590561,019,855
Used Vehicle Loans 2.5902432,522,746
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00010313,336,611
Total Other Real Estate Loans/Lines of Credit 4.2501062,282,558
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.00038317,536
TOTAL LOANS & LEASES 2,22421,707,934

Michigan Columbus Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 8210,686,69961,190,450
    b. 15 Years or less 161,596,0272272,500
Balloon/Hybrid
    a. > 15 years 1190,0651191,500
    b. 15 Years or less 3750,89800
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1112,92200
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1062,282,55812611,000
Open-End Fixed Rate 0000
TOTALS 20915,619,169212,265,450

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

Michigan Columbus Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
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 No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes