Oakland County Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

1375 N. Oakland Blvd, Waterford, MI 48327-1547

Website

(248) 886-0144

Data Source: NCUA, December 31, 2016


Oakland County Credit Union was founded in 1953. Headquartered in Waterford, Michigan, Oakland County 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). Oakland County 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, Oakland County Credit Union services 31,266 members through its 6 offices and branches and 69 full-time and 28 part-time employees. It has $329,757,418 of total assets and $34,992,435 of net worth. Based on its asset size and net worth ratio, Oakland County Credit Union is classified as a Well Capitalized medium large credit union.

Oakland County 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. Oakland County 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 Oakland County 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
0.1000
0.1000
0.1200
Money Market
0.1500
0.2500
0.2500
Certificate Deplit
1.1000
0.6000
0.5800
IRA
0.1500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
9.0300
9.9600
9.9900
Unsecured Line of Credits
7.1700
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.2300
6.0200
New Car Loans
2.7200
2.9900
3.3300
Used Car Loans
5.0000
3.9900
4.5000
1st Mortgage Real Estates
3.5000
4.2500
4.2500
Other Real Estates
4.2400
4.5000
4.7000

Oakland County 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 Oakland County 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
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

As a community financial institution, Oakland County Credit Union 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
Clarkston Branch
6580 Dixie Hwy
Clarkston, MI 48346-3419
Phone:248-922-5608

Oxford Branch
968 N Lapeer Rd
Oxford, MI 48371-3619
Phone:248-628-2928

Waterford – County Campus Branch
1220 County Center Dr W
Waterford, MI 48328-1904
Phone:248-332-9171

Waterford – M59 Branch
6655 Highland Rd
Waterford, MI 48327
Phone:248-383-4990

Waterford – N Oakland Blvd Branch
Main Office

1375 N Oakland Blvd
Waterford, MI 48327-1547
Phone:248-886-0144

West Bloomfield Branch
7800 Pontiac Trl
West Bloomfield, MI 48323
Phone:248-560-3076

(248) 886-1082

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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