2024 Overview
General Credit Union Information
Members First is an NCUA insured institution located in Midland, MI. It was founded in 1936 and has approximately $827.7 millions in assets.
Who can join?
All those persons who live, work, worship, or attend school or post-high school in the following Michigan counties: Midland, Clare, Gladwin, Isabella, Gratiot, Osceola, Saginaw, or Bay.
Employees and students of the schools in the County of Midland, Michigan, and the Midland City Education Association
Employees and students of Delta College, Saginaw-Bay City, Michigan, who live or work in the County of Midland, Michigan.Employees or members of employer groups or other organized groups, which are located within 25 Miles of the credit union’s main office.
Any person over the age of 55 who receives a retirement annuity, pension, social security, or similar retirement payment from private or government sources, and lives in, or belongs to, a retirement organization located in the county or in a county contiguous to the county where the credit union’s main office is located.
Employees of this credit union.
Immediate family of existing Members First Credit Union members.
Organizations incorporated or otherwise, composed for the most part of the same general group making up the membership outlined above.
A spouse of a deceased member may be elected to membership at any time prior to remarriage.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62076 |
| Date Established | 1936 |
| Assets | $827.70 million |
| Loans | $608.38 million |
| Deposits | $687.00 million |
| Capital | $78.23 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Clare, Midland, Gladwin, Gratiot, Isabella, Bay, Osceola, and Saginaw Counties in Michigan. Membership is also open to students and employees of Midland County schools and the Midland City Education Association and Delta College who live or work in Midland County.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.17% | $2,500 | $4,999 |
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|
|
Money Market
|
0.17% | $2,500 | $2,999 |
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|
|
Money Market
|
0.22% | $10,000 | $14,999 |
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|
Money Market
|
0.26% | $25,000 | $29,999 |
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|
Premium Money Market Account
|
0.32% | $10,000 | $14,999 |
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|
Premium Money Market Account
|
0.36% | $25,000 | $34,999 |
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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
|
0.55% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.69% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.69% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.10% | $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
|
0.10% | $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 Members First
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: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | 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 Members First
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Branches
Below are Members First 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
MEMBERS FIRST 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
Members First Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Members First. 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
| Members First | U.S. Average |
|---|---|
| 8.24% | 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, Members First had $6,649,417 in non-current loans and $49,180 in owned assets. To cover these potential losses it had $78,226,140 in net worth and $3,036,235 in loans loss reserves. That gives it a Texas Ratio of 8.24%.
Net Worth
| Members First | U.S. Average |
|---|---|
| 9.41% | 13.62% |
Members First FCU has a net worth of 9.41% 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 Members First
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