My Postal Credit Union

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Review based on 12 criteria Rating: 0 out of 5

PO Box 430066, Pontiac, MI 48343

Website

(248) 332-4000

Data Source: NCUA, March 31, 2016


My Postal Credit Union was founded in 1928. Headquartered in Pontiac, Michigan, My Postal 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). My Postal 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 March 31, 2016, My Postal Credit Union services 1,240 members through its 1 full-time and 2 part-time employees. It has $14,985,944.00 of total assets and $3,166,745.00 of net worth. Based on its asset size and net worth ratio, My Postal Credit Union is classified as a Well Capitalized medium small credit union.

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

My Postal Credit Union’s membership type is defined as State chartered natural person credit union. If you are interested in joining My Postal Credit Union, please visit their website or call (248) 332-4000 for details. If you are a current member of My Postal Credit Union or have used any of their services or products, please rate them and leave your comments.

The following two tables list the deplitory and loan interest rates of My Postal 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
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.0000
0.2150
0.2500
Certificate Deplit
1.2500
0.5000
0.5500
IRA
0.2000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
14.9600
9.9900
9.9900
Unsecured Line of Credits
13.9600
10.9300
10.9900
Short-term Small Amount
n/a
21.6800
25.0000
Student Loans
n/a
6.0000
6.0000
New Car Loans
2.2000
2.9900
3.4300
Used Car Loans
4.0000
3.9900
4.5400
1st Mortgage Real Estates
5.0000
4.2000
4.2400
Other Real Estates
6.0000
4.7000
4.7500

My Postal 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 and ATMs. The table below lists the electronic banking services prlided by My Postal 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
No
No
e-Statements
Yes
Loan Payments
Yes
Merchandise Purchase
No
Account Balance Inquiry
Yes
No
Merchant Processing Service
No
View Account History
Yes
No
Yes
Download Account History
Yes
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
My Postal Credit Union
Main Office

735 W Huron St
Pontiac, MI 48343
Phone:248-332-4000

(248) 332-8922

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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