Community Choice Credit Union
Headquarters
31155 Northwestern Hwy
Farmington Hill, MI 48334
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2024 Overview
General Credit Union Information
Community Choice is an NCUA insured institution located in Farmington Hill, MI. It was founded in 1935 and has approximately $1790.05 millions in assets.
Who can join?
Membership is available to anyone who lives, works, or worships in the following counties: Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, or Wayne, and employees of Kelly Services, Inc. or select divisions of GM. Immediate family members of any of these groups are also eligible to join.
If you become a member of the Detroit Historical Museum you are also automatically eligible to become a member at Community Choice Credit Union.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64880 |
| Date Established | 1935 |
| Assets | $1,790.05 million |
| Loans | $1,350.88 million |
| Deposits | $1,516.49 million |
| Capital | $166.69 million |
Field of Membership Restrictions
Membership in Community Choice CU (MI) is open to anyone through joining the Detroit Historical Museum. Membership is also open to those who live or work in Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw, Wayne, Allegan, Kent, Monroe, Ottawa Counties in Michigan and to employees of select divisions of GM and employees of Kelly Services.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.01% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Community Choice
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Community Choice
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Branches
Below are Community Choice branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
COMMUNITY CHOICE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Community Choice Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Community Choice. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Community Choice | U.S. Average |
|---|---|
| 5.15% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Community Choice had $8,125,444 in non-current loans and $641,096 in owned assets. To cover these potential losses it had $166,689,339 in net worth and $3,431,639 in loans loss reserves. That gives it a Texas Ratio of 5.15%.
Net Worth
| Community Choice | U.S. Average |
|---|---|
| 9.3% | 13.62% |
Community Choice FCU has a net worth of 9.3% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Community Choice
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