P.O. BOX 525
Oshtemo, MI 49077
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.35% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD 1.10% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Consumers is an NCUA insured institution located in Oshtemo, MI. It was founded in 1964 and has approximately $1320.7 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
Charter Number # # 62172
Date Established 1964
Assets $1,320.70 million
Loans $1,127.78 million
Deposits $1,031.30 million
Capital $119.84 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 - July 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $50 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.10% $1,000 $24,999 Learn More
6 Mo CD
0.15% $25,000 - Learn More
12 Mo CD
0.30% $1,000 $24,999 Learn More
12 Mo CD
0.35% $25,000 - Learn More
24 Mo CD
0.45% $1,000 $24,999 Learn More
24 Mo CD
0.50% $25,000 - Learn More
36 Mo CD
0.69% $1,000 $24,999 Learn More
36 Mo CD
0.74% $25,000 - Learn More
60 Mo CD
1.01% $1,000 $24,999 Learn More
60 Mo CD
1.10% $25,000 - Learn More
Variable IRA Rates APY MIN MAX
0.10% $2,500 $9,999 Learn MoreShow Less
Fixed IRA
0.30% $1,000 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.15% $1 $9,999 Learn MoreShow Less

Loan Rates - July 12, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


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.

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Consumers Locations

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
8.40% 6.71

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 March 30, 2020, Consumers had $10,304,904 in non-current loans and $171,855 in owned assets. To cover these potential losses it had $119,841,505 in net worth and $4,882,585 in loans loss reserves. That gives it a Texas Ratio of 8.40%.

Net Worth
Consumers U.S. Average
9.07% 13.61%

Consumers FCU has a net worth of 9.07% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Consumers

Branches and Savings

What is Consumers?

A federal credit union, registered with the NCUA under certificate #62172.
Learn more about credit unions here.

Is Consumers FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Consumers?

Please see Field of Membership information above for information on who is eligible to join.

What are Consumers's share account and share certificate rates?

Consumers's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Consumers?

Consumers has total capital of $119.84 million. Full information on Consumers's financial position is located above.

Who owns Consumers?

Credit Unions are owned by their members.

Where are Consumers branches located?

See branch locations nearby.

Are Consumers ATMs Open 24/7?

Do Consumers ATMs accept cash deposits?

Can Consumers customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Consumers have a mobile app?

Does Consumers have mobile deposit?

Does Consumers have quick pay?

How can Consumers transfer money to other banks or credit unions?

Does Consumers report to credit bureaus?

Does Consumers use Chexsystems?

Does Consumers use Equifax?

What is Consumers's toll free phone number?

What is Consumers's ACH Routing Number?

What is Consumers's SWIFT code?

Where can I find Consumers's wire transfer form?

What is the Consumers address for deposits?

What Products Does Consumers Offer

Does Consumers offer mortgages?

Compare mortgage rates here.

Does Consumers offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Consumers offer auto and RV loans?

Compare auto loan rates here.

Does Consumers offer student loans or personal loans?

Compare personal loan rates here.

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