Michigan First Credit Union
Chartered in 1926, Michigan First Credit Union has been providing financial services to the Lathrup Village, Michigan community for over 98 years.
Contact & Hours Online Banking LoginOverview
- Infrastructure: 33 branches and 33 ATMs. Locations
- Capital Strength: Stewards over $1.5 Billion in assets. Financial Reports
- Secure Savings & Loans: The 16th largest credit union in Michigan
- People We Serve: Proudly serves over 168,000 loyal members.
- Employee Synergy: Over 500 dedicated employees as of 2024, committed to exceptional service.
Dashboard
- Financial Tip of the Hour: Avoid impulse purchases by waiting 24 hours before buying anything non-essential.
- Lobby Hours: Michigan First's lobby is currently closed.
- Drive Thru Hours: Michigan First's drive-thru is currently closed.
- MICHIGANFIRST Website and App Status: Michigan First CU is Online Report an Outage
- Latest Michigan First Review: Worst credit union ever. Avoid if you can. As soon as I get my home equity loan refinanced elsewhere, I will be sooo gla... Read More
Reviews
Get the Inside Scoop: Member Reviews
Wondering about Michigan First CU? Read real reviews from real members! Get the inside scoop on services, features, and the overall member experience.
Member Rating
"Worst credit union ever. Avoid if you can. As soon as I get my home equity loan refinanced elsewhere... Read More" - Veronica Adams- "This credit Union is a business I totally understand this, and they make money from members or they ... Read More" - Riley
- "Michigan First Credit Union just cant seem to get it right. I canceled my account due to terrible cu... Read More" - Erik
- "Michigan First is no good. They have no problem paying out funds to scammers who steal your identity... Read More" - B.
- "Michigan First is not a good place to leave your hard earned dollars. They have no problem paying ou... Read More" - Marion
Community Q&A
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Stuck on a question about accounts, loans, or anything else? Our vibrant Q&A forum is here to help! Get real-world insights from experienced members and financial experts.
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Financial Snapshot Q4 2023
- Total Assets $1,505,941,681
- Total Liabilities $1,328,163,023
- Total Equity $177,778,658
- Total Liabilities, Shares, & Equity $1,505,941,681
- Net Income (Loss) $17,427,123
Frequently Asked Questions
To log into online banking for Michigan First Credit Union, visit the website and click on the "Online Banking" or "Login" button, typically located at the top right corner.
If you haven't registered for online access yet, look for a "Register" or "Sign Up" option available on the same page.
Available Services
- Bill Payment
- e-Statements
- External Account Transfers
- Mobile Payments
- Remote Deposit Capture
To access your account through online banking, visit the Michigan First Credit Union login page.
Yes, Michigan First Credit Union provides a variety of mortgage options to fit your needs. Visit the "Mortgages" page on the credit union's website or contact for more details.
- Fixed Rate Mortgages > 15 Years
- Fixed Rate Mortgages 15 Years or Less
- Balloon/Hybrid Mortgages > 5 Years
- Balloon/Hybrid Mortgages 5 Years or Less
- Adjustable Rate Mortgages
Estimate mortgage payments with our Mortgage Calculator.
Michigan First Credit Union offers auto loans for cars, trucks, and SUVs at competitive rates and terms.
- New Auto Loans
- Used Auto Loans
For more details, visit the website, or contact the credit union for a loan application, pre-approval, or payment/payoff address inquiries.
Use the online Auto Loan Calculator to estimate your loan amount.
Michigan First (Main Office) Service Status
Find the service status of online banking, mobile app, and the Main Office location at 27000 Evergreen Road. Report outages you're experiencing, including login issues and traditional services like ATM or telephone.
- Is MICHIGANFIRST Michigan First down?
- Is Michigan First app down?
Main Office Service Status
Main Office Reports in the Past 24 Hours
Membership Eligibility
Who Can Join Michigan First Credit Union?
Michigan First operates under a state charter in Michigan, offering comprehensive financial solutions tailored to the residents of Michigan. With over 168,000 members, Michigan First Credit Union offers a wide range of accounts, including Regular Savings (180,000+), Share Draft (103,000+), Money Market (5,000+), and Share Certificate (CDs: 3,000+) accounts.
Interest Rates
- Competitive Rates and Low Fees: As a not-for-profit institution, Michigan First offers better rates and lower fees than many for-profit banks.
Unsecured Credit Card 18.99% Other Unsecured Loans/Lines of Credit 18.24% New Vehicle Loans 8.99% Used Vehicle Loans 10.49% Commercial Loans/Lines of Credit Secured 6.84% Commercial Loans/Lines of Credit Unsecured 6.84%
When exploring financial products such as loans or savings accounts, it's crucial to grasp the concepts of Annual Percentage Rate (APR) and Annual Percentage Yield (APY). These metrics serve as benchmarks for evaluating the true cost of borrowing or the potential returns on savings over a year, respectively.
For instance, a lower APR signifies a more cost-effective borrowing option, as it indicates lower overall expenses associated with the loan. Therefore, borrowers should prioritize selecting loans with the lowest APR to minimize the financial burden and maximize savings in the long run.
For savers, a higher APY translates to greater returns on their deposited funds, facilitating wealth accumulation and financial goals achievement. Hence, individuals seeking to optimize their savings should seek accounts offering competitive APY rates to maximize their earning potential and capitalize on the power of compound interest.
Shorter loan terms often entail higher monthly payments but result in lower total interest expenses over the loan's lifespan. Conversely, longer loan terms yield lower monthly payments but may lead to higher overall interest costs due to prolonged repayment periods.
It's imperative for borrowers to strike a balance between monthly affordability and long-term financial implications when selecting a loan term. By carefully evaluating their budgetary constraints and financial objectives, borrowers can opt for the most suitable term length that aligns with their repayment capacity while minimizing the total cost of borrowing.
