Community Financial Credit Union – MI

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

PO Box 8050, Plymouth, MI 48170-1759

Website

(734) 453-1200

Data Source: NCUA, December 31, 2016


Community Financial Credit Union, MI was founded in 1951. Headquartered in Plymouth, Michigan, Community Financial Credit Union, MI is a state chartered and federally insured credit union, being chartered in Michigan and insured through the National Credit Union Share Insurance Fund (NCUSIF). Community Financial Credit Union, MI 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, Community Financial Credit Union, MI services 65,545 members through its 12 offices and branches and 217 full-time and 17 part-time employees. It has $766,064,129 of total assets and $95,367,535 of net worth. Based on its asset size and net worth ratio, Community Financial Credit Union, MI is classified as a Well Capitalized large credit union.

Community Financial Credit Union, MI 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. Community Financial Credit Union, MI also provides an array of services to its members and local communities. Community Financial Credit Union, MI plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Community Financial Credit Union, MI’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
0.0400
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.3200
0.2500
0.2500
Certificate Deplit
1.0000
0.6000
0.5800
IRA
1.0400
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
12.8900
9.9600
9.9900
Unsecured Line of Credits
10.2400
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
7.6600
6.2300
6.0200
New Car Loans
4.2400
2.9900
3.3300
Used Car Loans
3.7400
3.9900
4.5000
1st Mortgage Real Estates
4.0000
4.2500
4.2500
Other Real Estates
3.5900
4.5000
4.7000

Community Financial Credit Union, MI 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 Community Financial Credit Union, MI.

Electronic Banking Service Offerings

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

As a community financial institution, Community Financial Credit Union, MI actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Community Financial Atlanta
12483 State St
Atlanta, MI 49709
Phone:877-937-2328

Community Financial Call Center
14492 N Sheldon Rd Ste 310
Plymouth, MI 48170-2493
Phone:734-453-1200

Community Financial Canton Center
6355 N Canton Center Rd
Canton, MI 48187
Phone:877-937-2328

Community Financial Gaylord
333 W Commerce Blvd
Gaylord, MI 49735
Phone:877-937-2328

Community Financial Hillman
27477 M 32 W
Hillman, MI 49746-8688
Phone:877-937-2328

Community Financial Lewiston
4970 Salling Avenue
Lewiston, MI 49756
Phone:877-937-2328

Community Financial Livonia
34000 7 Mile Rd
Livonia, MI 48152
Phone:877-937-2328

Community Financial Michigan Ave
47463 Michigan Ave
Canton, MI 48188-2241
Phone:877-937-2328

Community Financial North Gaylord
1360 W Main St
Gaylord, MI 49735
Phone:734-453-1200

Community Financial Northville
400 E Main St
Northville, MI 48167
Phone:877-937-2328

Community Financial Novi
23890 Novi Rd
Novi, MI 48375
Phone:877-937-2328

Corporate Office Novi
22920 Venture Dr
Novi, MI 48375-4188
Phone:

Corporate Office Plymouth
Main Office

500 S Harvey St
Plymouth, MI 48170-1759
Phone:734-453-1200

(734) 453-8913

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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