2024 Overview
General Credit Union Information
Consumers is an NCUA insured institution located in Oshtemo, MI. It was founded in 1964 and has approximately $2206.4 millions in assets.
Who can join?
As a community–charted credit union, we can serve virtually anyone who lives or works in West Michigan. You're eligible for membership if you:
• Live, work, worship, or are enrolled in post high school educational institutions in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Ottawa, St. Joseph, or Van Buren counties, Michigan
• Are a relative of a current member or live in the same household as a current member
• Are a retired person over the age of 55 who receives a retirement annuity/pension and lives in the nearby counties
• No employer or other sponsorship is necessary
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62172 |
| Date Established | 1964 |
| Assets | $2,206.40 million |
| Loans | $1,951.95 million |
| Deposits | $1,774.32 million |
| Capital | $206.98 million |
Field of Membership Restrictions
Membership in Consumers Credit Union is open to those who live, work, attend school or worship in the lower peninsula of Michigan or are over the age of 55 and receive retirement payments and live in the same and surrounding counties.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $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
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.10% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.15% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.69% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.74% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $1 | $99 | Learn More |
| Int Ckg
|
0.15% | $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 Consumers
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: 1907 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
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 Consumers
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Consumers 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
CONSUMERS 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
Consumers Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Consumers. 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
| Consumers | U.S. Average |
|---|---|
| 5.90% | 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, Consumers had $11,345,997 in non-current loans and $1,010,478 in owned assets. To cover these potential losses it had $206,976,874 in net worth and $2,584,744 in loans loss reserves. That gives it a Texas Ratio of 5.90%.
Net Worth
| Consumers | U.S. Average |
|---|---|
| 9.36% | 13.62% |
Consumers FCU has a net worth of 9.36% 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 Consumers
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