Michigan Educational Credit Union

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A short history of Michigan Educational CU

Since its inception in 1942 the Michigan Educational Credit Union has been serving its members in the PLYMOUTH, 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 Robert Sandercock, the Michigan Educational CU has grown its membership to over 49,181 with assets of more than $798,921,725. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (734) 455-9200 or email them at general@michedcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PLYMOUTH, MI.

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

Charter Number 60931
Address 9200 N HAGGERTY ROAD 
State Michigan 
Zip-Code 48170
Phone Number (734) 455-9200
Fax Number (734) 416-5256
Email Address: general@michedcu.org
CEO/President Robert Sandercock
Members 49,181 
Full-Time Employees 74 
Part-Time Employees
Number of Branch Offices
Total Assets 798,921,725 
Website http://www.michedcu.org 

Compare Michigan Educational Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Community Financial CU COMMUNITY FINANCIAL NORTH GAYLORD 1360 W Main St 49735 (734) 453-1200 No 3.32
Parkside CU WESTLAND BRANCH 1747 S NEWBURGH RD 48186 (734) 525-0700 No 6.85
Unified Communities CU Unified Communities FCU 186 Main St 48111 (734) 697-4800 No 6.98
Catholic Vantage Financial CU BRANCH OFFICE - PLYMOUTH 8817 N SHELDON RD 48154 (734) 432-0212 No 7.21
Wayne-westland CU Wayne Westland Federal Credit Union 500 S Wayne Rd 48186 (734) 721-5700 No 8.55

Michigan Educational Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Michigan Educational 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 11.90 1.75 1.75 4.50 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 406 19 11 205 168
Rank Among All Michigan Credit Unions 71 4 3 60 31

Michigan Educational Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.15 N/A 0.50 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 119 N/A 263 259
Rank Among All Michigan Credit Unions 15 14 N/A 59 56
Michigan Educational Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.90010,97813,095,407
All Other Unsecured Loans/Lines of Credit 9.9507,82816,744,321
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.7505,03565,852,224
Used Vehicle Loans 1.7509,225106,233,573
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.5001,476196,230,153
Total Other Real Estate Loans/Lines of Credit 4.5001,58742,929,748
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.0004996,240,061
TOTAL LOANS & LEASES 36,628447,325,487

Michigan Educational 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 995148,762,2347412,705,222
    b. 15 Years or less 42541,551,718324,075,700
    a. > 15 years 189,68800
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 373,535,96500
Adjustable Rate > 1 yr 182,290,5481155,000


Closed-End Fixed Rate 47410,704,827431,466,146
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1,11332,224,9211,5357,324,464
Open-End Fixed Rate 0000
TOTALS 3,063239,159,9011,68525,726,532


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

Michigan Educational Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
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