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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Preferred Credit Union Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 24, 2026
Preferred Credit Union's savings rates are at 0.30%. Preferred Credit Union's Personal Loan Rates are at 1.50%. MonitorBankRates evaluates the financial stability of Preferred Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.72%. Rates were last updated on 03/24/2026. Preferred 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 Preferred Credit Union? Share your experience about Preferred Credit Union by leaving a review below, or read customer reviews before you decide to use Preferred Credit Union. Preferred Credit Union
Grand Rapids 3767 Sparks Dr SE
https://www.preferredcu.org Grand Rapids, MI 49546 
Preferred Credit Union Savings Rates
Preferred Credit Union Home Equity & HELOC
Preferred Credit Union Auto Loan Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Preferred 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 Preferred 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 Preferred Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Preferred Credit Union
Website
https://www.preferredcu.org
Address
3767 Sparks Dr SE,
Grand Rapids, MI 49546
Phone
800-328-4131
Fax
616-942-2302
President
Russell Herman
CEO
John Yeomans
Full-Time Employees
74
Part-Time Employees
1
Branch Locations
6
ATM Locations
4
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
1.72%
Return on Assets (ROA)
0.8540%
Return on Equity (ROE)
6.0867%
Non-Performing Loans Ratio (NPL)
0.46%
Total Assets
304,880,810
Total Amount of Shares and Deposits
260,644,811
Total Shares and Deposits < 1 Year
249,967,229
Total Shares and Deposits 1 3 Years
10,462,640
Total Shares and Deposits > 3 Years
214,941
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
8,061,567
Total Uninsured Shares and Deposits > $250K (F+J)
8,061,567
Total Insured Shares and Deposits > $250K (item 17 less item K)
252,583,244
Total Interest Expense (Sum of items 6 8)
2,744,118
Share Certificates
2,793
Number of Accounts for Share Drafts
16,641
IRA KEOGH Accounts
778
Number of Accounts for Regular Shares
28,502
All other shares
3,460
Non Member Deposits
6,113
Money Market Shares
1,704
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
28,960,833
Total Liabilities
265,274,400
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Preferred Credit UnionIs Preferred Credit Union a safe place to deposit money?Yes, Preferred Credit Union is considered a safe financial institution. With a Texas Ratio of 1.72196516208%, 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 Preferred Credit Union operate?Preferred 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 Preferred Credit Union?Yes, to access services at Preferred 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, Preferred 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, Preferred Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Preferred Credit Union offer online and mobile banking?Most modern institutions like Preferred 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.preferredcu.org. Current Preferred Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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