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Michigan First Credit Union

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Michigan First Credit Union Rates & Review April 2026

Q: Is a member application needed to join Michigan First Credit Union?

Yes, to access services at Michigan First 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.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Michigan First 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 25, 2026

You can compare Michigan First Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.25%, 6-month share certificate rates at 3.05% and 3-month share certificate rates at 2.02%. Savings rates are at 0.10% and money market rates are at 0.75%. Mortgage rates on 30-year fixed loans are around 6.23%. All these rates can be compared to Michigan First Credit Union rates. MonitorBankRates evaluates the financial stability of Michigan First Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.16%. Rates were last updated on 04/25/2026.

Michigan First 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 First Credit Union? Share your experience about Michigan First Credit Union by leaving a review below, or read customer reviews before you decide to use Michigan First Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.16%

Excellent Lower than avg

Michigan First Credit Union
Evergreen Branch

27000 Evergreen Rd
Lathrup Village, MI 48076 3231

https://www.michiganfirst.com

Current Rate Availability

We do not have Michigan First 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 First 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 First 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 First Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Michigan First Credit Union

Website https://www.michiganfirst.com

Address 27000 Evergreen Rd, Lathrup Village, MI 48076 3231

Phone 248-443-4600

Fax

President Linda Height

CEO Jennifer Borowy

Full-Time Employees 509

Part-Time Employees 2

Branch Locations 32

ATM Locations 36

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

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (97/100)

Texas Ratio

5.16%

Return on Assets (ROA)

0.6141%

Return on Equity (ROE)

3.8858%

Non-Performing Loans Ratio (NPL)

1.12%

Total Assets

1,450,379,694

Total Amount of Shares and Deposits

1,046,996,397

Total Shares and Deposits < 1 Year

1,016,043,941

Total Shares and Deposits 1 3 Years

25,655,964

Total Shares and Deposits > 3 Years

5,296,493

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

53,710,309

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

53,710,309

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

993,286,088

Total Interest Expense (Sum of items 6 8)

12,841,900

Share Certificates

3,629

Number of Accounts for Share Drafts

88,463

IRA KEOGH Accounts

1,691

Number of Accounts for Regular Shares

174,430

All other shares

1,877

Non Member Deposits

Money Market Shares

4,721

Net Income (unless the amount is already included in Undivided Earnings)

8,907,108

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

59,655,728

Total Liabilities

1,237,143,031

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for Michigan First Credit Union yet. Feel free to create one below.

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Total Reviews

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Frequently Asked Questions About Michigan First Credit Union

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

Yes, Michigan First Credit Union is considered a safe financial institution. With a Texas Ratio of 5.1625887528701%, 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 First Credit Union operate?

Michigan First 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 First Credit Union?

Yes, to access services at Michigan First 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 First 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 First Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Michigan First Credit Union offer online and mobile banking?

Most modern institutions like Michigan First 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://www.michiganfirst.com.