AAC Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

177 Wilson Ave Nw, Grand Rapids, MI 49534

Website

(616) 288-0288

Data Source: NCUA, December 31, 2016


AAC Credit Union was founded in 1937. Headquartered in Grand Rapids, Michigan, AAC Credit Union is a state chartered and federally insured credit union, being chartered in Michigan and insured through the National Credit Union Share Insurance Fund (NCUSIF). AAC Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, AAC Credit Union services 14,429 members through its 7 offices and branches and 30 full-time and 17 part-time employees. It has $134,344,027 of total assets and $23,780,746 of net worth. Based on its asset size and net worth ratio, AAC Credit Union is classified as a Well Capitalized medium large credit union.

AAC Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. AAC Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of AAC Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
0.5000
0.0000
0.0000
Savings
0.2000
0.1000
0.1200
Money Market
0.5000
0.2500
0.2500
Certificate Deplit
1.2500
0.6000
0.5800
IRA
1.5000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
7.9500
9.9600
9.9900
Unsecured Line of Credits
11.9000
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
6.5000
6.2300
6.0200
New Car Loans
2.4900
2.9900
3.3300
Used Car Loans
2.7500
3.9900
4.5000
1st Mortgage Real Estates
3.7500
4.2500
4.2500
Other Real Estates
4.2500
4.5000
4.7000

AAC Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by AAC Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, AAC Credit Union actively involves in local communities by prliding services such as financial education, financial literacy workshops.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
AAC Credit Union Big Dutch Branch
215 E 25th St
Holland, MI 49423
Phone:616-396-5000

Grand Rapids Branch
904 Broadway Ave Nw
Grand Rapids, MI 49504-4415
Phone:616-459-4429

Herman Miller Branch
855 E Main Ave
Zeeland, MI 49464-1366
Phone:616-654-3461

Holland Branch
12390 Riley St
Holland, MI 49424-9219
Phone:616-994-6300

Spring Lake Branch
17228 Van Wagoner Rd
Spring Lake, MI 49456-9702
Phone:616-842-3172

Standale
Main Office

177 Wilson Ave Nw
Grand Rapids, MI 49534
Phone:616-288-0288

Zeeland Branch
612 E Main Ave
Zeeland, MI 49464
Phone:616-772-3820

(616) 735-4919

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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