MICHIGAN COLUMBUS

Headquarters

30419 6 MILE RD
Livonia, MI 48152
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 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

Michigan Columbus is an NCUA insured institution located in Livonia, MI. It was founded in 1947 and has approximately $48.3 millions in assets.

NCUA Insured Yes
Charter Number # # 5554
Date Established 1947
Assets $48.30 million
Loans $23.67 million
Deposits $42.21 million
Capital $5.76 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the City of Livonia, Michigan.

Deposit Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Michigan Columbus

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Michigan Columbus
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Advertiser Disclosure

Loan Rates - July 12, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MICHIGAN COLUMBUS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Connecticut 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

Note to MICHIGAN COLUMBUS
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Branches

Below are Michigan Columbus 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:
Fairfield,Connecticut


Michigan Columbus Locations


Financial Details

Michigan Columbus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Michigan Columbus. 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
Michigan Columbus U.S. Average
2.99% 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, Michigan Columbus had $141,163 in non-current loans and $33,500 in owned assets. To cover these potential losses it had $5,757,022 in net worth and $93,748 in loans loss reserves. That gives it a Texas Ratio of 2.99%.

Net Worth
Michigan Columbus U.S. Average
11.91% 13.61%

Michigan Columbus FCU has a net worth of 11.91% 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 Michigan Columbus

Branches and Savings

What is Michigan Columbus?

A federal credit union, registered with the NCUA under certificate #5554.
Learn more about credit unions here.

Is Michigan Columbus 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 Michigan Columbus?

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

What are Michigan Columbus's share account and share certificate rates?

Michigan Columbus'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 Michigan Columbus?

Michigan Columbus has total capital of $5.76 million. Full information on Michigan Columbus's financial position is located above.

Who owns Michigan Columbus?

Credit Unions are owned by their members.

Where are Michigan Columbus branches located?

See branch locations nearby.

Are Michigan Columbus ATMs Open 24/7?

Do Michigan Columbus ATMs accept cash deposits?

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

Does Michigan Columbus have a mobile app?

Does Michigan Columbus have mobile deposit?

Does Michigan Columbus have quick pay?

How can Michigan Columbus transfer money to other banks or credit unions?

Does Michigan Columbus report to credit bureaus?

Does Michigan Columbus use Chexsystems?

Does Michigan Columbus use Equifax?

What is Michigan Columbus's toll free phone number?

What is Michigan Columbus's ACH Routing Number?

What is Michigan Columbus's SWIFT code?

Where can I find Michigan Columbus's wire transfer form?

What is the Michigan Columbus address for deposits?

What Products Does Michigan Columbus Offer

Does Michigan Columbus offer mortgages?

Compare mortgage rates here.

Does Michigan Columbus offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Michigan Columbus offer auto and RV loans?

Compare auto loan rates here.

Does Michigan Columbus offer student loans or personal loans?

Compare personal loan rates here.

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