What are the current interest rates at Michigan Educational Credit Union?

Current rates for Michigan Educational Credit Union include: 18-Month CD: 3.30%, 24-Month CD: 3.40%, 60-Month CD: 3.85%, Savings: 0.20%

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Michigan Educational Credit Union

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Michigan Educational Credit Union Rates & Review October 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 and Verified: October 9, 2026

Michigan Educational Credit Union's top rates as of October 9, 2026 are 4.00% APY on its 365 Day IRA CD, 0.20% APY on savings, rv, boat and powersport loans from 5.49% APR, and credit cards from 9.95% APR, according to rates verified by MonitorBankRates. Other Michigan Educational Credit Union CD rates include 365 Day CD at 4.00%, 60 Month IRA CD at 3.85%, and 60 Month CD at 3.85%. 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 1.03%. Rates last updated and verified on 10/09/2026.

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.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.03%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Michigan Educational Credit Union
Michigan Educational Credit Union

9200 N Haggerty Rd
Plymouth, MI 48170-4633

https://for-cu.com/

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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Michigan Educational Credit Union CD Rates

Product	Rate	APY	Term
365 Day IRA Share Certificate	-	4.00%	365 Days
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.35% → 4.00% ▲ 0.65 pts · high 4.00% / low 3.35% Oct 9, 20264.00%▲ from 3.35% Sep 14, 20263.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
365 Day Share Certificate	-	4.00%	365 Days
Min Balance $2,500 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.35% → 4.00% ▲ 0.65 pts · high 4.00% / low 3.35% Sep 29, 20264.00%▲ from 3.35% Sep 21, 20263.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
60 Month IRA Share Certificate	-	3.85%	60 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.50% → 3.85% ▲ 0.35 pts · high 3.85% / low 3.50% Oct 9, 20263.85%▲ from 3.50% Sep 14, 20263.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
60 Month Share Certificate	-	3.85%	60 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.50% → 3.85% ▲ 0.35 pts · high 3.85% / low 3.50% Sep 29, 20263.85%▲ from 3.50% Sep 21, 20263.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
48 Month IRA Share Certificate	-	3.75%	48 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.40% → 3.75% ▲ 0.35 pts · high 3.75% / low 3.40% Oct 9, 20263.75%▲ from 3.40% Sep 14, 20263.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
48 Month Share Certificate	-	3.75%	48 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.40% → 3.75% ▲ 0.35 pts · high 3.75% / low 3.40% Sep 29, 20263.75%▲ from 3.40% Sep 21, 20263.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
36 Month IRA Share Certificate	-	3.65%	36 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.30% → 3.65% ▲ 0.35 pts · high 3.65% / low 3.30% Oct 9, 20263.65%▲ from 3.30% Sep 14, 20263.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
36 Month Share Certificate	-	3.65%	36 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.30% → 3.65% ▲ 0.35 pts · high 3.65% / low 3.30% Sep 29, 20263.65%▲ from 3.30% Sep 21, 20263.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
182 Day IRA Share Certificate	-	3.50%	182 Days
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.60% → 3.50% ▼ 0.10 pts · high 3.60% / low 3.50% Oct 9, 20263.50%▼ from 3.60% Sep 14, 20263.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
182 Day Share Certificate	-	3.50%	182 Days
Min Balance $2,500 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.60% → 3.50% ▼ 0.10 pts · high 3.60% / low 3.50% Sep 29, 20263.50%▼ from 3.60% Sep 21, 20263.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
30 Month IRA Share Certificate	-	3.50%	30 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.10% → 3.50% ▲ 0.40 pts · high 3.50% / low 3.10% Oct 9, 20263.50%▲ from 3.10% Sep 14, 20263.10%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
30 Month Share Certificate	-	3.50%	30 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.10% → 3.50% ▲ 0.40 pts · high 3.50% / low 3.10% Sep 29, 20263.50%▲ from 3.10% Sep 21, 20263.10%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
24 Month IRA Share Certificate	-	3.40%	24 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 3.00% → 3.40% ▲ 0.40 pts · high 3.40% / low 3.00% Oct 9, 20263.40%▲ from 3.00% Sep 14, 20263.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
24 Month Share Certificate	-	3.40%	24 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 3.00% → 3.40% ▲ 0.40 pts · high 3.40% / low 3.00% Sep 29, 20263.40%▲ from 3.00% Sep 21, 20263.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
18 Month IRA Share Certificate	-	3.30%	18 Months
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 2.90% → 3.30% ▲ 0.40 pts · high 3.30% / low 2.90% Oct 9, 20263.30%▲ from 2.90% Sep 14, 20262.90%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
18 Month Share Certificate	-	3.30%	18 Months
Min Balance $5,000 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 2.90% → 3.30% ▲ 0.40 pts · high 3.30% / low 2.90% Sep 29, 20263.30%▲ from 2.90% Sep 21, 20262.90%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
91 Day IRA Share Certificate	-	2.50%	91 Days
Min Deposit $2,000 Details IRA Share Certificate dividends are compounded quarterly. A penalty will be imposed for early withdrawal. 3 months and 6 months Share Certificate - all dividends accrued penalty. 1 to 2.5 years Share Certificate - 6 months of dividends accrued penalty. 3-5 years Share Certificate - 9 months of dividends accrued penalty. The APY assumes dividends remain on deposit until maturity. A withdrawal will reduce your earnings. Last Updated 10/09/2026 Rate History 1 change since Sep 14, 2026 · 2.00% → 2.50% ▲ 0.50 pts · high 2.50% / low 2.00% Oct 9, 20262.50%▲ from 2.00% Sep 14, 20262.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
91 Day Share Certificate	-	2.50%	91 Days
Min Balance $2,500 Last Updated 10/09/2026 Rate History 1 change since Sep 21, 2026 · 2.00% → 2.50% ▲ 0.50 pts · high 2.50% / low 2.00% Sep 29, 20262.50%▲ from 2.00% Sep 21, 20262.00%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Savings Rates

Product	Rate	APY
Christmas Club	-	0.20%
Min Balance $5 Details Rates may change at any time. Fees, which could be assessed for other services available through the credit union, could reduce the earnings on these accounts. There is no fee, however, to maintain a Share Savings, Vacation or Christmas Club account. Rates are subject to change at any time. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Regular Share Savings	-	0.20%
Min Balance $5 Details Rates may change at any time. Fees, which could be assessed for other services available through the credit union, could reduce the earnings on these accounts. There is no fee, however, to maintain a Share Savings, Vacation or Christmas Club account. Rates are subject to change at any time. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Vacation Club	-	0.20%
Min Balance $5 Details Rates may change at any time. Fees, which could be assessed for other services available through the credit union, could reduce the earnings on these accounts. There is no fee, however, to maintain a Share Savings, Vacation or Christmas Club account. Rates are subject to change at any time. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term
Variable Rate Home Equity Loan	-	-	6.00%
Details As Low As; Loan payments based on $9 or $12 per thousand . Example, $10,000 loan, Payment examples do not include taxes and insurance, if applicable, actual payment obligation will be greater. Minimum Line of Credit amount $10,000 Maximum Line of Credit amount $200,000 The annual percentage rate can change quarterly. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.00%. The ANNUAL PERCENTAGE RATE will never increase more than two (2) percent points in one year. Under no circumstances will the rate ever be less than 4.50% per annum. Index based off of prime. Margins are -0.25% for loan amounts $49,999.99 or less and -0.75% for $50,000 to $200,000. Properties only located in the State of Michigan. Property insurance is required. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 6.00% APR · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	6.50%	60 Months
Details APR* (90% Loan to Value); Properties only located in the State of Michigan; Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Property insurance is required. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 6.50% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Variable Rate Home Equity Loan	-	-	6.50%
Details As Low As; Loan payments based on $9 or $12 per thousand . Example, $10,000 loan, Payment examples do not include taxes and insurance, if applicable, actual payment obligation will be greater. Minimum Line of Credit amount $10,000 Maximum Line of Credit amount $200,000 The annual percentage rate can change quarterly. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.00%. The ANNUAL PERCENTAGE RATE will never increase more than two (2) percent points in one year. Under no circumstances will the rate ever be less than 4.50% per annum. Index based off of prime. Margins are -0.25% for loan amounts $49,999.99 or less and -0.75% for $50,000 to $200,000. Properties only located in the State of Michigan. Property insurance is required. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 6.50% APR · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	7.00%	120 Months
Details APR* (90% Loan to Value); Properties only located in the State of Michigan; Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Property insurance is required. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 7.00% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	7.50%	180 Months
Details APR* (90% Loan to Value); Minimum $30,000 for 180 months; Properties only located in the State of Michigan; Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Property insurance is required. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 7.50% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	8.75%	60 Months
Details APR* as low as; Payment example: $20,000 loan with a 108 month term at 9.75% APR would be $278.87/month.; *APR = Annual Percentage Rate. Rates includes a .25% discount for direct deposit and may vary based on credit history.; Rates are subject to change at any time without notice. Please call the Credit Union for the most current rates and more details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 8.75% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	9.25%	84 Months
Details APR* as low as; Payment example: $20,000 loan with a 108 month term at 9.75% APR would be $278.87/month.; *APR = Annual Percentage Rate. Rates includes a .25% discount for direct deposit and may vary based on credit history.; Rates are subject to change at any time without notice. Please call the Credit Union for the most current rates and more details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 9.25% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	9.75%	108 Months
Details APR* as low as; Payment example: $20,000 loan with a 108 month term at 9.75% APR would be $278.87/month.; *APR = Annual Percentage Rate. Rates includes a .25% discount for direct deposit and may vary based on credit history.; Rates are subject to change at any time without notice. Please call the Credit Union for the most current rates and more details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 9.75% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Fixed Rate Home Equity Loan	-	-	10.95%	Up to 60 Months
Details Rate includes a .25% discount for direct deposit and may vary based on credit history. Payment example: $5,000 loan with a 60 month term at 10.95% APR would be $108.59/month. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 10.95% APR · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term
Auto Loan	-	-	4.49%	Up to 36 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 4.49% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Auto Loan	-	-	4.99%	48 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 4.99% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Auto Loan	-	-	5.24%	60 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 5.24% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Auto Loan	-	-	5.49%	72 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 5.49% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Auto Loan	-	-	5.74%	84 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 5.74% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union RV, Boat and Powersport Loan Rates

Product	Rate	APR	Term
New & Used Motor Homes, Travel Trailers, Boats & RVs Loan	-	5.49%	Up to 84 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Maximum loan amount $200,000. Annual Percentage Rate. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.49% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	-	5.49%	Up to 60 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.49% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	-	5.74%	61 - 72 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.74% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New & Used Motor Homes, Travel Trailers, Boats & RVs Loan	-	5.99%	85 - 120 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Maximum loan amount $200,000. Annual Percentage Rate. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.99% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	-	5.99%	73 - 84 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.99% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New & Used Motor Homes, Travel Trailers, Boats & RVs Loan	-	6.49%	121 - 180 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Maximum loan amount $200,000. Annual Percentage Rate. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 6.49% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Credit Card Rates

Product	Rate	APR
Mastercard	-	9.95%
Details Maximum Credit Line: $30,000.00; Repayment:; Minimum Payment: $30.00. Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Loan approval and credit line subject to credit worthiness and analysis. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 9.95% APR Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Platinum Mastercard	-	14.74%
Details Published APR range: 14.74% - 21.00%. Minimum Credit Limit: $500; Minimum payment of 3% of the unpaid balance or $25 whichever is greater. Late payments will result in a fee of up to $25. Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Foreign Transaction Fee: 1% of the converted U.S. dollar amount. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 14.74% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
World Rewards Mastercard	-	16.74%
Details Published APR range: 16.74% - 21.00%. Minimum Credit Limit: $5,000; Minimum payment of 3% of the unpaid balance or $25 whichever is greater. Late payments will result in a fee of up to $25. Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. Foreign Transaction Fee: 1% of the converted U.S. dollar amount. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 16.74% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Personal Loan Rates

Product	APR	Term
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	5.49%	Up to 60 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.49% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	5.74%	61 - 72 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.74% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan	5.99%	73 - 84 months
Details Rates include a .25% discount for direct deposit and may vary based on credit history. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 5.99% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
Personal Installment Loan	10.95%
Details As Low As Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 10.95% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

Michigan Educational Credit Union Other Rates

Product	Rate	Points	APY/APR
Home Improvement Loan	-	-	8.75%
Details As Low As Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 8.75% APR · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%
IRA Share Certificate	-	-	0.25%
Min Deposit $50 Details The Annual Percentage Yields above are subject to change at any time. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 0.25% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.03%

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.

Financial Health History

Michigan Educational Credit Union’s Texas Ratio stayed near 0.79% in Q3 2023 to 1.03% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this credit union’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$1.1B	1.03%	5.0	A+
March 31, 2026	$1.1B	0.90%	5.0	A+
December 31, 2025	$1.1B	1.11%	5.0	A+
September 30, 2025	$1.1B	1.12%	5.0	A+
June 30, 2025	$1.1B	0.94%	5.0	A+
March 31, 2025	$1.1B	0.90%	5.0	A+
December 31, 2024	$1.0B	1.17%	5.0	A+
September 30, 2024	$1.0B	1.14%	5.0	A+
June 30, 2024	$1.0B	1.04%	5.0	A+
March 31, 2024	$1.0B	0.90%	5.0	A+
December 31, 2023	$1.0B	0.75%	5.0	A+
September 30, 2023	$993M	0.79%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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 Jeffrey Cusmano

Full-Time Employees 90

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

1.03%

Return on Assets (ROA)

0.2446%

Return on Equity (ROE)

2.0906%

Non-Performing Loans Ratio (NPL)

0.29%

Total Assets

1,111,725,453

Total Amount of Shares and Deposits

986,955,763

Total Shares and Deposits < 1 Year

942,657,206

Total Shares and Deposits 1 3 Years

29,246,182

Total Shares and Deposits > 3 Years

15,052,375

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

47,816,824

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

47,816,824

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

939,138,939

Total Interest Expense (Sum of items 6 8)

5,518,090

Share Certificates

7,820

Number of Accounts for Share Drafts

23,194

IRA KEOGH Accounts

2,759

Number of Accounts for Regular Shares

57,326

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

74,551,724

Total Liabilities

994,539,783

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Michigan Educational Credit Union earned the Verified Healthy badge

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Customer Reviews

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Frequently Asked Questions About Michigan Educational Credit Union

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/.

Current Michigan Educational Credit Union Rates

18-Month CD3.30%
24-Month CD3.40%
60-Month CD3.85%
Savings0.20%

Retrieved from our database of financial products. Rates subject to change.

Compare to Other Credit Unions

Michigan Educational Credit Union Rates & Review October 2026

Brian McKay

Overall Health & Safety Grade

MonitorBankRates Star Rating

Michigan Educational Credit Union Texas Ratio

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Financial Health History

Methodology & Data Sources

Credit Union Profile & Overview

Financials

Michigan Educational Credit Union earned the Verified Healthy badge

Customer Reviews

Frequently Asked Questions About Michigan Educational Credit Union

How many branches does Michigan Educational Credit Union operate?

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

Is there a first-time homebuyer program?

Are credit management and repair services offered?

Does Michigan Educational Credit Union offer online and mobile banking?

Current Michigan Educational Credit Union Rates

Compare to Other Credit Unions