☰

Home›
Credit Unions›
Preferred Credit Union

iAdvertiser Disclosure

Preferred Credit Union Rates & Review April 2026

Q: 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.

Q: 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.

Q: 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.

Q: 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.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 20, 2026

You can compare Preferred Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.59%, 6-month share certificate rates at 3.25% and 3-month share certificate rates at 0.30%. Savings rates are at 0.10% and money market rates are at 0.25%. Mortgage rates on 30-year fixed loans are around 6.31%. All these rates can be compared to Preferred Credit Union rates. 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 04/20/2026.

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.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.72%

Excellent Lower than avg

Preferred Credit Union
Grand Rapids

3767 Sparks Dr SE
Grand Rapids, MI 49546

https://www.preferredcu.org

Preferred Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Loan	-	-	5.99%
Details As Low As; No Appraisal \| No Fees Last Updated 04/19/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.72%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates 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

Financials

MonitorBankRates 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

Customer Reviews

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

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Preferred Credit Union

Frequently Asked Questions About Preferred Credit Union

Is 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.