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Michigan Educational Credit Union Rates & Review September 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
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| iEditorial Disclosure
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 and Verified: September 21, 2026

Michigan Educational Credit Union's 182 Day IRA CD rates are at 3.60%, 182 Day CD rates are at 3.60%, 60 Month IRA CD rates are at 3.50%, 60 Month CD rates are at 3.50%, 48 Month IRA CD rates are at 3.40%. Michigan Educational Credit Union's savings rates are at 0.20%. Michigan Educational Credit Union's RV, Boat and Powersport Loan Rates are as low as 5.49%. Michigan Educational Credit Union's Credit Card Rates are at 14.74%. 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 0.90%. Rates last updated and verified on 09/21/2026.

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.

MonitorBankRates Verified Healthy Badge 2026 Verified Healthy 2026 Use This Badge on Your Credit Union Website
Overall Health & Safety Grade ?
A+
Exceptional Health Score: 100/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
0.90%
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/
Member NCUA

Michigan Educational Credit Union CD Rates

Product Rate APY Term View More
182 Day IRA Share Certificate - 3.60% 182 Days
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
182 Day Share Certificate - 3.60% 182 Days
Min Balance $2,500
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
60 Month IRA Share Certificate - 3.50% 60 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
60 Month Share Certificate - 3.50% 60 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
48 Month IRA Share Certificate - 3.40% 48 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
48 Month Share Certificate - 3.40% 48 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
365 Day IRA Share Certificate - 3.35% 365 Days
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
365 Day Share Certificate - 3.35% 365 Days
Min Balance $2,500
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
36 Month IRA Share Certificate - 3.30% 36 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
36 Month Share Certificate - 3.30% 36 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
30 Month IRA Share Certificate - 3.10% 30 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
30 Month Share Certificate - 3.10% 30 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
24 Month IRA Share Certificate - 3.00% 24 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
24 Month Share Certificate - 3.00% 24 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
18 Month IRA Share Certificate - 2.90% 18 Months
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
18 Month Share Certificate - 2.90% 18 Months
Min Balance $5,000
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
91 Day IRA Share Certificate - 2.00% 91 Days
Min Balance $2,000
Details IRA Share Certificate Annual Percentage Yields are subject to change at any time. The minimum required amount for an IRA Share Certificate is $2,000 with additional increments of $500. 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. APY = Annual Percentage Yield.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
91 Day Share Certificate - 2.00% 91 Days
Min Balance $2,500
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Savings Rates

Product Rate APY View More
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Checking Rates

Product Rate APY View More
Share Draft/Checking - 0.02%
No additional details.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Home Equity & HELOC

Product Rate Points APR Term View More
Fixed Rate Home Equity Loan - - 6.50% 60 Months
Details 90% Loan to Value; Properties only located in the State of Michigan
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loan - - 7.00% 120 Months
Details 90% Loan to Value; Properties only located in the State of Michigan
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loan - - 7.50% 180 Months
Details 90% Loan to Value; Minimum $30,000 for 180 months; Properties only located in the State of Michigan
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loans - - 8.75% 60 Months
Details Amount: $1,000 - $5,000; 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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loans - - 9.25% 84 Months
Details Amount: $5,000 - $10,000; 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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loans - - 9.75% 108 Months
Details Amount: $10,000 - $25,000; 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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Fixed Rate Home Equity Loans - - 10.95% Up to 60 Months
Details As Low As; Rate includes a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Auto Loan Rates

Product Rate Points APR Term View More
2026 - 2001 Automobiles (100% Financed) - - 4.49% Up to 36 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
2026 - 2001 Automobiles (100% Financed) - - 4.74% 48 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
2026 - 2001 Automobiles (100% Financed) - - 4.99% 60 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
2026 - 2001 Automobiles (100% Financed) - - 5.24% 72 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
2026 - 2001 Automobiles (100% Financed) - - 5.49% 84 Months
Details Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union RV, Boat and Powersport Loan Rates

Product Rate APR Term View More
New & Used Motor Homes, Travel Trailers, Boats & RVs Loan - 5.49% Up to 84 months
Details As Low As; 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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan - 5.49% Up to 60 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan - 5.74% 61 - 72 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan - 5.99% 73 - 84 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Credit Card Rates

Product Rate APR View More
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Personal Loan Rates

Product APR Term View More
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan 5.49% Up to 60 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan 5.74% 61 - 72 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
New and Used Motorcycles, Snowmobiles, Personal Watercraft Loan 5.99% 73 - 84 months
Details As Low As; Rates include a .25% discount for direct deposit and may vary based on credit history.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Personal Installment Loan 10.95%
No additional details.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%

Michigan Educational Credit Union Other Rates

Product Rate Points APY/APR Term View More
Home Improvement Loan - - 8.75%
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
Individual Retirement Account (IRA) - - 0.25%
Min Deposit $50
Details The Annual Percentage Yields above are subject to change at any time.
Last Updated 09/21/2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.90%
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.
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Financial Health History

Michigan Educational Credit Union’s Texas Ratio stayed near 1.00% in Q2 2023 to 0.90% in Q1 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.

0% 1.0★ 0.4% 2.0★ 0.8% 3.0★ 1.2% 4.0★ 1.6% 5.0★ Healthy zone – entire history below the 15% limit 1.00% A+ Q2 2023 A+ Q3 2023 A+ Q4 2023 A+ Q1 2024 A+ Q2 2024 A+ Q3 2024 A+ Q4 2024 A+ Q1 2025 A+ Q2 2025 A+ Q3 2025 A+ Q4 2025 0.90% A+ Q1 2026
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
Powered by MonitorBankRates

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
QuarterTotal assetsTexas RatioStar RatingHealth Grade
March 31, 2026$1.1B0.90%5.0A+
December 31, 2025$1.1B1.11%5.0A+
September 30, 2025$1.1B1.12%5.0A+
June 30, 2025$1.1B0.94%5.0A+
March 31, 2025$1.1B0.90%5.0A+
December 31, 2024$1.0B1.17%5.0A+
September 30, 2024$1.0B1.14%5.0A+
June 30, 2024$1.0B1.04%5.0A+
March 31, 2024$1.0B0.90%5.0A+
December 31, 2023$1.0B0.75%5.0A+
September 30, 2023$993M0.79%5.0A+
June 30, 2023$1.0B1.00%5.0A+
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 91
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+ (100/100)
Texas Ratio
0.90%
Return on Assets (ROA)
0.1019%
Return on Equity (ROE)
0.8828%
Non-Performing Loans Ratio (NPL)
0.24%
Total Assets
1,113,356,302
Total Amount of Shares and Deposits
989,260,663
Total Shares and Deposits < 1 Year
943,997,550
Total Shares and Deposits 1 3 Years
28,390,803
Total Shares and Deposits > 3 Years
16,872,310
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
47,992,910
Total Uninsured Shares and Deposits > $250K (F+J)
47,992,910
Total Insured Shares and Deposits > $250K (item 17 less item K)
941,267,753
Total Interest Expense (Sum of items 6 8)
2,755,311
Share Certificates
7,856
Number of Accounts for Share Drafts
23,350
IRA KEOGH Accounts
2,801
Number of Accounts for Regular Shares
57,408
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)
94,095,641
Total Liabilities
996,824,173
Source: NCUA — Last Updated 03/31/2026
MonitorBankRates Verified Healthy Badge 2026
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 CD2.90%
  • 24-Month CD3.00%
  • 60-Month CD3.50%
  • Savings0.20%
Retrieved from our database of financial products. Rates subject to change.

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