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Michigan Educational Credit Union

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Michigan Educational Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Michigan Educational Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 14, 2026

You can compare Michigan Educational Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 0.50%, 6-month share certificate rates at 3.80% and 3-month share certificate rates at 3.14%. Savings rates are at 0.25% and money market rates are at 0.50%. Mortgage rates on 30-year fixed loans are around 6.09%. All these rates can be compared to Michigan Educational Credit Union rates. MonitorBankRates evaluates the financial stability of Michigan Educational Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.15%. Rates were last updated on 04/14/2026.

Michigan Educational Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Michigan Educational Credit Union? Share your experience about Michigan Educational Credit Union by leaving a review below, or read customer reviews before you decide to use Michigan Educational Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.15%

Excellent Lower than avg

Michigan Educational Credit Union
Michigan Educational Credit Union

9200 N Haggerty Rd
Plymouth, MI 48170 4633

https://for-cu.com/

Current Rate Availability

We do not have Michigan Educational Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Michigan Educational Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Michigan Educational Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Michigan Educational Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Michigan Educational Credit Union

Website https://for-cu.com/

Address 9200 N Haggerty Rd, Plymouth, MI 48170 4633

Phone 734-455-9200

Fax 734-416-5256

President Alonzo Glaze

CEO Robert Sandercock

Full-Time Employees 84

Part-Time Employees 3

Branch Locations 6

ATM Locations 7

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.15%

Return on Assets (ROA)

0.2837%

Return on Equity (ROE)

2.4189%

Non-Performing Loans Ratio (NPL)

0.30%

Total Assets

1,074,197,260

Total Amount of Shares and Deposits

952,171,994

Total Shares and Deposits < 1 Year

906,909,493

Total Shares and Deposits 1 3 Years

26,632,403

Total Shares and Deposits > 3 Years

18,630,098

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

43,022,697

Total Uninsured Shares and Deposits > $250K (F+J)

43,022,697

Total Insured Shares and Deposits > $250K (item 17 less item K)

909,149,297

Total Interest Expense (Sum of items 6 8)

7,766,842

Share Certificates

7,530

Number of Accounts for Share Drafts

23,392

IRA KEOGH Accounts

2,855

Number of Accounts for Regular Shares

57,362

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

90,554,244

Total Liabilities

961,257,570

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Frequently Asked Questions About Michigan Educational Credit Union

Is Michigan Educational Credit Union a safe place to deposit money?

Yes, Michigan Educational Credit Union is considered a safe financial institution. With a Texas Ratio of 1.148393697307%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Michigan Educational Credit Union operate?

Michigan Educational Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Michigan Educational Credit Union?

Yes, to access services at Michigan Educational Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Michigan Educational Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Michigan Educational Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Michigan Educational Credit Union offer online and mobile banking?

Most modern institutions like Michigan Educational Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://for-cu.com/.