Michigan First
Michigan First is a credit union based in Lathrup Village, Michigan, established in 1926, with $1.5 billion in total assets serving 162,645 members. By Trust Grade it ranks 60th of 170 credit unions we track in Michigan. Its net worth ratio of 15.6% is stronger than 94% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 0.76% return on assets. No consumer complaints against Michigan First appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Michigan First compares to Michigan peers
How we graded Michigan First
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (15.6% capital ratio)
- Profitable (ROA 0.76%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Michigan First over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Michigan First insured?
Yes. Michigan First is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Michigan First: frequently asked questions
Is Michigan First a good credit union?
Michigan First earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (15.6% capital ratio); Profitable (ROA 0.76%).
Is Michigan First NCUA-insured?
Yes. Michigan First is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Michigan First?
Michigan First holds $1.5 billion in total assets, ranking 60th of 170 credit unions we track in Michigan. It serves 162,645 members.
Does Michigan First have CFPB complaints?
No CFPB complaints against Michigan First appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
