Arbor Financial Credit Union
Headquarters
1551 S 9th St
Kalamazoo, MI 49009
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2024 Overview
General Credit Union Information
Arbor Financial is an NCUA insured institution located in Kalamazoo, MI. It was founded in 1935 and has approximately $969.39 millions in assets.
Who can join?
AFCU serves employees of the greater educational community (and their families) in 21 counties in Michigan: Allegan, Barry, Berrien, Branch, Calhoun, Cass, Clinton, Eaton, Gratiot, Hillsdale, Ingham, Ionia, Jackson, Kalamazoo, Kent, Montcalm, Muskegon, Newaygo, Ottawa, St. Joseph, and Van Buren.
AFCU serves the educational employees of public and private schools, volunteers, retirees, students and alumni of educational institutions, and other related educational organizations such as libraries, daycares and Parent Teacher Associations.
Additionally, AFCU membership is available to: family members of current AFCU members in the counties being served; the teaching hospitals of Bronson Methodist Hospital and Borgess Medical Center; retirees living in a county being served and who receive a retirement payment; employees, pensioners and appointed or elected officials of governmental organizations who live in the counties of Allegan and Van Buren.
Plus non-educational businesses/hospitals/other select employer groups (located within 25 miles of any AFCU office) may also apply to offer AFCU’s many benefits to their employees.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61708 |
| Date Established | 1935 |
| Assets | $969.39 million |
| Loans | $751.77 million |
| Deposits | $745.10 million |
| Capital | $79.39 million |
Field of Membership Restrictions
Membership in Arbor Financial Credit Union is open to those who live, work, or worship in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Clinton, Eaton, Gratiot, Hillsdale, Ionia, Ingham, Jackson, Kalamazoo, Kent, Montcalm, Muskegon, Newaygo, Ottawa, St. Joseph, and Van Buren Counties in Michigan.
Deposit Rates - April 20, 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
|
0.12% | $2,500 | $2,999 |
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|
|
Money Market
|
0.12% | $10,000 | $14,999 |
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|
|
Money Market
|
0.12% | $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
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.15% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.50% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.10% | $2,500 | $3,499 | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Arbor Financial
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: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: 1907 |
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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 Arbor Financial
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Branches
Below are Arbor Financial 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
ARBOR FINANCIAL 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
Arbor Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Arbor Financial. 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
| Arbor Financial | U.S. Average |
|---|---|
| 4.34% | 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, Arbor Financial had $3,643,596 in non-current loans and $46,915 in owned assets. To cover these potential losses it had $79,389,431 in net worth and $5,715,860 in loans loss reserves. That gives it a Texas Ratio of 4.34%.
Net Worth
| Arbor Financial | U.S. Average |
|---|---|
| 8.59% | 13.62% |
Arbor Financial FCU has a net worth of 8.59% 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 Arbor Financial
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