Michigan Legacy Credit Union

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A short history of Michigan Legacy CU

Since its inception in 1946 the Michigan Legacy Credit Union has been serving its members in the Pontiac, 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 Carma Peters, the Michigan Legacy CU has grown its membership to over 20,540 with assets of more than $179,699,154. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (248) 334-0568 or email them at memberservice@affinitygroupcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Pontiac, MI.

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

Charter Number 62642
Address 144 E Pike St 
City Pontiac 
State Michigan 
Zip-Code 48342
Phone Number (248) 334-0568
Fax Number (248) 334-2740
Email Address: memberservice@affinitygroupcu.org
CEO/President Carma Peters
Members 20,540 
Full-Time Employees 77 
Part-Time Employees 21 
Number of Branch Offices
Total Assets 179,699,154 
Website http://www.michiganlegacycu.org 

Compare Michigan Legacy Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Chief Financial CU Pontiac Branch 790 Joslyn Ave 48340 (248) 335-9493 No 0.84
Genisys CU 31 Shelby Twp. 49675 Van Dyke Ave 48317 (586) 323-7060 No 1.87
Parda CU PARDA Federal Credit Union 259 E 24th St 49423 (616) 392-6979 No 2.71
Cornerstone Community Financial CU Center Line 7291 Bernice 48015 (586) 754-2300 No 3.09
Metro North CU Waterford 4594 Pontiac Lake Rd 48328 (248) 674-0491 No 4.90

Michigan Legacy Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Michigan Legacy 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 1.99 1.99 3.38 4.00
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 34 21 59 100
Rank Among All Michigan Credit Unions 38 8 5 5 15

Michigan Legacy 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 0.25 0.25 0.15
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 143 105 310 276
Rank Among All Michigan Credit Unions N/A 19 21 71 61
Michigan Legacy Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9002,5065,605,525
All Other Unsecured Loans/Lines of Credit 6.7502,5137,784,765
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.9902755,650,363
Used Vehicle Loans 1.9901,81421,864,426
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.38035727,385,216
Total Other Real Estate Loans/Lines of Credit 4.0003206,267,167
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.5004807,164,007
TOTAL LOANS & LEASES 8,26581,721,469

Michigan Legacy 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 12612,177,558253,430,036
    b. 15 Years or less 21713,626,650393,307,450
    a. > 15 years 8685,33600
    b. 15 Years or less 3200,42600
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 183,97200
Adjustable Rate > 1 yr 2611,274146,745


Closed-End Fixed Rate 1022,359,9819203,544
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2183,907,18611261,982
Open-End Fixed Rate 0000
TOTALS 67733,652,383857,249,757


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 9294,7250
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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