Southwest Michigan Federal Credit Union

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Review based on 12 criteria Rating: 0 out of 5

4000 S Sprinkle Rd, Kalamazoo, MI, 49001-0818

Website

269-342-4651

Southwest Michigan Federal Credit Union was founded in 1940. Headquartered in Kalamazoo, Michigan, Southwest Michigan Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF).

As of December 31, 2013, Southwest Michigan Federal Credit Union services 4,515 members through its 3 offices and branches and 12 full-time and 1 part-time employees. It has $68,645,226.00 of total assets and $12,570,873.00 of net worth. Based on its asset size and net worth ratio, Southwest Michigan Federal Credit Union is classified as a Well Capitalized medium size credit union.

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

Southwest Michigan Federal Credit Union’s membership type is defined as Multiple common bond – primary communications and utilities. If you are interested in joining Southwest Michigan Federal Credit Union, please visit their website or call 269-342-4651 for details. If you are a current member of Southwest Michigan Federal 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 Southwest Michigan Federal 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
0.1500
0.1000
0.1500
Money Market
0.2500
0.2000
0.2400
Certificate Deposit
0.3000
0.5000
0.5000
IRA
0.7500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
9.9000
10.0000
9.9900
Unsecured Line of Credits
13.5000
11.0000
11.0000
Short-term Small Amount
18.0000
22.6000
Student Loans
6.1400
6.0350
New Car Loans
2.7500
3.4900
3.9120
Used Car Loans
3.9900
4.1800
4.9900
1st Mortgage Real Estates
2.9700
4.5000
4.5200
Other Real Estates
5.2500
5.0000
5.0000

Southwest Michigan Federal 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 Southwest Michigan Federal Credit Union.

Electronic Banking Service Offerings

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

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Columbia Branch
320 Columbia Ave E
Battle Creek, MI 49015-4460
Phone:269-964-9704

Federal Center
74 Washington Ave N
Battle Creek, MI 49037-3085
Phone:269-964-9704

Kalamazoo Branch
Main Office

4000 S Sprinkle Rd
Kalamazoo, MI 49001-0818
Phone:269-342-4651

269-342-0726

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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