Community West Credit Union

Rated star_ratedstar_ratedstar_ratedstar_ratedstar_normal by Credit Guide
Review based on 12 criteria Rating: 4 out of 5

PO Box 8069, Kentwood, MI 49518-8069

Website

(616) 261-5657

Data Source: NCUA, December 31, 2016


Community West Credit Union was founded in 1967. Headquartered in Kentwood, Michigan, Community West 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). Community West 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, Community West Credit Union services 23,039 members through its 5 offices and branches and 57 full-time and 12 part-time employees. It has $177,867,121 of total assets and $19,229,641 of net worth. Based on its asset size and net worth ratio, Community West Credit Union is classified as a Well Capitalized medium large credit union.

Community West 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. Community West Credit Union also provides an array of services to its members and local communities. Community West Credit Union 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 West 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
7.0000
0.0000
0.0000
Savings
0.1000
0.1000
0.1200
Money Market
0.2500
0.2500
0.2500
Certificate Deplit
0.9000
0.6000
0.5800
IRA
0.9000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
9.9000
9.9600
9.9900
Unsecured Line of Credits
10.5000
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
6.0000
6.2300
6.0200
New Car Loans
2.7500
2.9900
3.3300
Used Car Loans
2.7500
3.9900
4.5000
1st Mortgage Real Estates
4.3800
4.2500
4.2500
Other Real Estates
3.5000
4.5000
4.7000

Community West 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 Community West Credit Union.

Electronic Banking Service Offerings

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

As a community financial institution, Community West Credit Union actively involves in local communities by prliding 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
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Grandville
3089 44th St Sw
Grandville, MI 49418-2501
Phone:616-261-5657

Hudsonville
4205 32nd Ave
Hudsonville, MI 49426
Phone:616-261-5657

Kentwood
Main Office

4045 60th St Se
Kentwood, MI 49512
Phone:616-261-5657

Middleville
611 Grand Rapids St
Middleville, MI 49333
Phone:616-261-5657

Rockford
3 N Monroe St
Rockford, MI 49341-1227
Phone:616-261-5657

(616) 698-0955

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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