Bestsource Credit Union

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Review based on 12 criteria Rating: 0 out of 5

1054 W HURON ST, Waterford, MI, 48328

Website

800-666-4500

Bestsource Credit Union was founded in 1954. Headquartered in Waterford, Michigan, Bestsource 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). Bestsource 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 provides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2013, Bestsource Credit Union services 8,638 members through its 3 offices and branches and 24 full-time and 3 part-time employees. It has $94,143,711.00 of total assets and $10,967,834.00 of net worth. Based on its asset size and net worth ratio, Bestsource Credit Union is classified as a Well Capitalized medium size credit union.

Bestsource 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. Bestsource Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

Bestsource Credit Union’s membership type is defined as State chartered natural person credit union. If you are interested in joining Bestsource Credit Union, please visit their website or call 800-666-4500 for details. If you are a current member of Bestsource Credit Union or have used any of their services or products, please rate them and leave your comments.

The following two tables list the depository and loan interest rates of Bestsource 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 Depository Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1500
Money Market
0.1000
0.2000
0.2400
Certificate Deposit
0.4500
0.5000
0.5000
IRA
0.4500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
9.5000
10.0000
9.9900
Unsecured Line of Credits
14.5000
11.0000
11.0000
Short-term Small Amount
18.0000
22.6000
Student Loans
6.1400
6.0350
New Car Loans
5.7400
3.4900
3.9120
Used Car Loans
8.9400
4.1800
4.9900
1st Mortgage Real Estates
4.0000
4.5000
4.5200
Other Real Estates
9.2500
5.0000
5.0000

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

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Merchandise Purchase
No
Account Balance Inquiry
Yes
No
Merchant Processing Service
No
View Account History
Yes
No
No
Download Account History
Yes
No

As a community financial institution, Bestsource Credit Union actively involves in local communities by providing services such as financial counseling, financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
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
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Branch – 6655 Highland
6655 Highland Rd
Waterford, MI 48327
Phone:800-666-4500

Main Office
1054 W Huron St
Waterford, MI 48328
Phone:800-666-4500

Westwind
7800 Pontiac Trl
West Bloomfield, MI 48323
Phone:800-666-4500

248-683-4329

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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