Oakland County Credit Union

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A short history of Oakland County CU

Since its inception in 1953 the Oakland County Credit Union has been serving its members in the WATERFORD, 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 Allan McMorris, the Oakland County CU has grown its membership to over 31,469 with assets of more than $343,476,118. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (248) 886-0144 or email them at info@oaklandcountycu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WATERFORD, MI.

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

Charter Number 61522
Address 1375 N. OAKLAND BLVD 
State Michigan 
Zip-Code 48327
Phone Number (248) 886-0144
Fax Number (248) 886-1082
Email Address: info@oaklandcountycu.com
CEO/President Allan McMorris
Members 31,469 
Full-Time Employees 71 
Part-Time Employees 31 
Number of Branch Offices
Total Assets 343,476,118 
Website http://www.oaklandcountycu.com 

Compare Oakland County Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Metro North CU Waterford 4594 Pontiac Lake Rd 48328 (248) 674-0491 No 1.61
Westacres CU WCU 3700 WESTACRES DR 48324 (248) 363-4376 No 4.51
Michigan Legacy CU Flat Rock Branch 22855 Gibraltar Rd 48134 (734) 379-9125 No 6.15
Walled Lake School Employees CU Main 3095 S Commerce Rd 48390 (248) 624-5222 No 6.29
Chief Financial CU Pontiac Branch 790 Joslyn Ave 48340 (248) 335-9493 No 6.58

Oakland County Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Oakland County 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 8.70 3.31 4.62 4.13 4.27
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 134 182 280 159 135
Rank Among All Michigan Credit Unions 18 54 71 38 24

Oakland County Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 1.15 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 129 124 143 276
Rank Among All Michigan Credit Unions N/A 16 28 25 61
Oakland County Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.7005,24714,091,881
All Other Unsecured Loans/Lines of Credit 8.3105,45724,419,802
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.31094420,128,044
Used Vehicle Loans 4.6203,01731,064,881
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.13055157,541,552
Total Other Real Estate Loans/Lines of Credit 4.2701,18054,867,355
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.5401,62027,341,711
TOTAL LOANS & LEASES 18,016229,455,226

Oakland County 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 32438,924,202294,176,060
    b. 15 Years or less 17413,956,60471,080,420
    a. > 15 years 404,087,01300
    b. 15 Years or less 9316,42800
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 152,28500
Adjustable Rate > 1 yr 3205,02000


Closed-End Fixed Rate 76743,993,07718212,442,092
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 40910,747,822341,985,300
Open-End Fixed Rate 4126,45600
TOTALS 1,731112,408,90725219,683,872


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 21917,6140
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Oakland County 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 Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes