Motor City Co-op Federal Credit Union
Headquarters
37321 Garfield Road
Clinton Townshi, MI 48036
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2024 Overview
General Credit Union Information
Motor City Co-op is an NCUA insured institution located in Clinton Townshi, MI. It was founded in 1948 and has approximately $149.61 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 63289 |
| Date Established | 1948 |
| Assets | $149.61 million |
| Loans | $85.16 million |
| Deposits | $129.13 million |
| Capital | $18.05 million |
Field of Membership Restrictions
Membership is open to all residents of Michigan.
Deposit Rates - April 29, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Motor City Co-op
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Loan Rates - April 29, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Motor City Co-op
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: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
Note to Motor City Co-op
To upload and update your bank's rates please register.
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Branches
Below are Motor City Co-op 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
MOTOR CITY CO-OP 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
Motor City Co-op Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Motor City Co-op. 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
| Motor City Co-op | U.S. Average |
|---|---|
| 2.90% | 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, Motor City Co-op had $540,418 in non-current loans and $5,000 in owned assets. To cover these potential losses it had $18,050,204 in net worth and $743,274 in loans loss reserves. That gives it a Texas Ratio of 2.90%.
Net Worth
| Motor City Co-op | U.S. Average |
|---|---|
| 12.06% | 13.62% |
Motor City Co-op FCU has a net worth of 12.06% 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 Motor City Co-op
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