1720 Michigan St NE
Grand Rapids, MI 49503

Notable Rates APY Vs.Others
Savings 0.10% 1.90% →
1-Year CD 0.30% 1.90% →
2-Year CD 0.60% 1.95% →
5-Year CD 1.11% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Credit Union Information

West Michigan is an NCUA insured institution located in Grand Rapids, MI. It was founded in 1956 and has approximately $166 millions in assets.

NCUA Insured Yes
Charter Number # # 62347
Date Established 1956
Assets $166.00 million
Loans $100.72 million
Deposits $132.03 million
Capital $30.94 million

Field of Membership Restrictions

Membership is open to those who live, worship or work in Lake, Kent, Manistee, Missaukee, Mecosta, Montcalm, Newaygo, Osceola, or Wexford Counties in Michigan. Membership is also open to employees and retirees of the State of Michigan who live or work in Benzie, Leelanau, Mason, Muskegon, Oceana, and Ottawa Counties; Miller Industries in Reed City.

Deposit Rates - April 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.20% $5,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.25% $500 $99,999 Learn MoreShow Less
6 Mo CD
0.25% $500 $99,999 Learn MoreShow Less
Fixed IRA
0.30% $500 - Learn MoreShow Less

Loan Rates - April 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WEST MICHIGAN

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
4.542% 4.500% 0.00 $1,250 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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


Below are West Michigan 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:

West Michigan Locations

Financial Details

West Michigan Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Michigan. 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
West Michigan U.S. Average
1.23% 5.92

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 September 30, 2019, West Michigan had $354,815 in non-current loans and $29,630 in owned assets. To cover these potential losses it had $30,938,073 in net worth and $411,444 in loans loss reserves. That gives it a Texas Ratio of 1.23%.

Net Worth
West Michigan U.S. Average
18.63% 13.86%

West Michigan FCU has a net worth of 18.63% versus the BestCashCow average of 13.86. 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 West Michigan

Branches and Savings

What is West Michigan?

A federal credit union, registered with the NCUA under certificate #62347.
Learn more about credit unions here.

Is West Michigan 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 West Michigan?

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

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

West Michigan'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 West Michigan?

West Michigan has total capital of $30.94 million. Full information on West Michigan's financial position is located above.

Who owns West Michigan?

Credit Unions are owned by their members.

Where are West Michigan branches located?

See branch locations nearby.

Are West Michigan ATMs Open 24/7?

Do West Michigan ATMs accept cash deposits?

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

Does West Michigan have a mobile app?

Does West Michigan have mobile deposit?

Does West Michigan have quick pay?

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

Does West Michigan report to credit bureaus?

Does West Michigan use Chexsystems?

Does West Michigan use Equifax?

What is West Michigan's toll free phone number?

What is West Michigan's ACH Routing Number?

What is West Michigan's SWIFT code?

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

What is the West Michigan address for deposits?

What Products Does West Michigan Offer

Does West Michigan offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does West Michigan offer auto and RV loans?

Compare auto loan rates here.

Does West Michigan offer student loans or personal loans?

Compare personal loan rates here.

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