Michigan First Credit Union

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A short history of Michigan First CU

Since its inception in 1926 the Michigan First Credit Union has been serving its members in the LATHRUP VILLAGE, 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 Michael Poulos, the Michigan First CU has grown its membership to over 133,254 with assets of more than $836,784,534. They have a main office and 17 branch offices. Please see the credit unions website or contact them by phone at (248) 443-4600 or email them at help@michiganfirst.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LATHRUP VILLAGE, MI.

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

Charter Number 60522
Address 27000 EVERGREEN ROAD 
State Michigan 
Zip-Code 48076
Phone Number (248) 443-4600
Fax Number () -
Email Address: help@michiganfirst.com
CEO/President Michael Poulos
Members 133,254 
Full-Time Employees 314 
Part-Time Employees 15 
Number of Branch Offices 17 
Total Assets 836,784,534 
Website http://www.michiganfirst.com 

Compare Michigan First Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Southeast Michigan State Employees CU Southeast Michigan State Employees Federal Credit Union 17135 W 10 Mile Rd 48075 (248) 557-2266 No 1.95
People Driven CU Eastside Branch 30800 Van Dyke Ave Ste 101 48093 (248) 263-4220 No 2.58
Construction CU Main office 30400 Telegraph Rd Ste 122 48025 (248) 358-4140 No 2.87
Birmingham-bloomfield CU Waterford 6375 Highland Rd 48327 (248) 683-2920 No 3.03
Our CU 12 Mile Road Office 5625 E 12 Mile Rd 48073 (249) 549-3838 No 3.15

Michigan First Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Michigan First 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 8.49 2.99 2.99 5.13 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 121 145 91 284 168
Rank Among All Michigan Credit Unions 15 40 23 83 31

Michigan First 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 0.35 1.36 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 116 95 89 109 266
Rank Among All Michigan Credit Unions 13 10 14 17 58
Michigan First Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.49022,06322,585,215
All Other Unsecured Loans/Lines of Credit 8.99034,91551,345,136
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.5001994,793,035
New Vehicle Loans 2.99079415,860,294
Used Vehicle Loans 2.9908,962104,169,963
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.1301,273208,200,885
Total Other Real Estate Loans/Lines of Credit 4.5001,92645,255,913
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.9904,07989,295,392
TOTAL LOANS & LEASES 74,211541,505,833

Michigan First 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 53685,441,463163,656,342
    b. 15 Years or less 33026,392,167131,393,320
    a. > 15 years 13729,578,03671,950,747
    b. 15 Years or less 16144,588,536298,184,440
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 71,420,17531,100,000
Adjustable Rate > 1 yr 10220,780,508142,685,307


Closed-End Fixed Rate 86620,143,92921720,840
Closed-End Adjustable Rate 001187,500
Open-End Adjustable Rate 1,06025,111,9841322,193,185
Open-End Fixed Rate 001260,870
TOTALS 3,199253,456,79823722,332,551


Interest Only & Payment Option 1st Mortgage Loans 74,000,3941,800,000
Interest Only & Payment Option Other RE/LOC Loans 1447,392,1901,336,056
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Michigan First 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 Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes