Motor City Co-op Credit Union

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A short history of Motor City Co-op CU

Since its inception in 1948 the Motor City Co-op Credit Union has been serving its members in the CLINTON TOWNSHI, 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 Steven Andrews, the Motor City Co-op CU has grown its membership to over 17,200 with assets of more than $138,910,721. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (586) 228-8484 or email them at memberservice@motorcitycoopcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CLINTON TOWNSHI, MI.

General Information For Motor City Co-op CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 63289
Address 37321 GARFIELD ROAD 
City CLINTON TOWNSHI 
State Michigan 
Zip-Code 48036
Phone Number (586) 228-8484
Fax Number (586) 228-6664
Email Address: memberservice@motorcitycoopcu.com
CEO/President Steven Andrews
Members 17,200 
Full-Time Employees 51 
Part-Time Employees
Number of Branch Offices
Total Assets 138,910,721 
Website http://www.motorcitycoopcu.com 

Compare Motor City Co-op Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Michigan Schools And Government CU Livonia 20595 Farmington Rd (586) 263-8800 No 1.98
Freestar Financial CU Selfridge 44200 N Jefferson Ave # 715 48046 (586) 783-5283 No 2.15
Live Life CU sterling heights community federal credit union 34206 Van Dyke Ave 48312 (586) 268-3720 No 6.06
Fme CU northville c/o hayes lemmerz 48168 (734) 737-5064 No 6.11
Christian Financial CU Center Line 8171 E 10 Mile Rd 48015 (586) 772-6330 No 6.65

Motor City Co-op Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Motor City Co-op 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 9.00 5.25 5.25 5.05 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 160 424 356 274 100
Rank Among All Michigan Credit Unions 26 113 89 81 15

Motor City Co-op Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.15 0.65 0.75
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 108 124 234 192
Rank Among All Michigan Credit Unions N/A 11 28 53 38
Motor City Co-op Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.0002,7215,895,866
All Other Unsecured Loans/Lines of Credit 10.5001,9493,294,686
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.2501994,388,287
Used Vehicle Loans 5.2502,11224,740,620
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.05026523,745,710
Total Other Real Estate Loans/Lines of Credit 4.0003147,100,771
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.2501,06536,246,861
TOTAL LOANS & LEASES 8,625105,412,801

Motor City Co-op 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 1027,745,272101,616,166
    b. 15 Years or less 944,306,4995528,000
Balloon/Hybrid
    a. > 15 years 131,942,84200
    b. 15 Years or less 559,741,09700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 110,00000

OTHER REAL ESTATE

Closed-End Fixed Rate 1794,312,185391,196,202
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1352,788,58613507,500
Open-End Fixed Rate 0000
TOTALS 57930,846,481673,847,868

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 3471,1600
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

Motor City Co-op 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