Headquartered in Lathrup Village, Michigan, Michigan First Credit Union is a federally insured state-chartered credit union with $1.5B in total assets and $1.1B in member shares and deposits as of Q2 2026. It operates 22 offices. Its charter dates back to 1926.
Michigan First Credit Union has a TellerScore of 72 out of 100 (strong) based on Q2 2026 data — higher than 66% of its 454 credit unions with $1 billion – $10 billion. Among 169 credit unions headquartered in Michigan, it ranks 87th. Capital cushion contributes the most (100/100, 15.80%); earnings contributes the least (44/100, 0.59%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 2 points (74 → 72), mostly because the loan quality component weakened by 4 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 81 |
| Q3 2024 | 77 |
| Q4 2024 | 77 |
| Q1 2025 | 74 |
| Q2 2025 | 74 |
| Q3 2025 | 74 |
| Q4 2025 | 74 |
| Q1 2026 | 75 |
| Q2 2026 | 72 |
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| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 14.50% |
| Q3 2024 | 14.80% |
| Q4 2024 | 15.01% |
| Q1 2025 | 14.66% |
| Q2 2025 | 14.89% |
| Q3 2025 | 15.80% |
| Q4 2025 | 15.65% |
| Q1 2026 | 15.57% |
| Q2 2026 | 15.80% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.87% |
| Q3 2024 | 1.01% |
| Q4 2024 | 1.05% |
| Q1 2025 | 0.99% |
| Q2 2025 | 1.01% |
| Q3 2025 | 1.12% |
| Q4 2025 | 1.10% |
| Q1 2026 | 1.03% |
| Q2 2026 | 1.14% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.48% |
| Q3 2024 | 1.20% |
| Q4 2024 | 1.15% |
| Q1 2025 | 0.67% |
| Q2 2025 | 0.70% |
| Q3 2025 | 0.82% |
| Q4 2025 | 0.72% |
| Q1 2026 | 0.76% |
| Q2 2026 | 0.59% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 72 | $1.5B | 15.80% | 1.14% | 0.59% | 97.4% |
| Q1 2026 | 75 | $1.5B | 15.57% | 1.03% | 0.76% | 95.7% |
| Q4 2025 | 74 | $1.5B | 15.65% | 1.10% | 0.72% | 99.4% |
| Q3 2025 | 74 | $1.5B | 15.80% | 1.12% | 0.82% | 101.2% |
| Q2 2025 | 74 | $1.5B | 14.89% | 1.01% | 0.70% | 96.2% |
| Q1 2025 | 74 | $1.5B | 14.66% | 0.99% | 0.67% | 94.0% |
| Q4 2024 | 77 | $1.5B | 15.01% | 1.05% | 1.15% | 98.6% |
| Q3 2024 | 77 | $1.5B | 14.80% | 1.01% | 1.20% | 100.0% |
| Q2 2024 | 81 | $1.5B | 14.50% | 0.87% | 1.48% | 96.6% |
454 peers · $1 billion – $10 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Orsa Credit UnionCredit union Plymouth, MI | 47 out of 100, Below average | $1.5B | 9.8% | 1.52% | vs |
| University of Michigan Credit UnionCredit union Ann Arbor, MI | 61 out of 100, Moderate | $1.5B | 11.1% | 0.82% | vs |
| Vibe Credit UnionCredit union Novi, MI | 62 out of 100, Moderate | $1.6B | 10.5% | 1.08% | vs |
| Frankenmuth Credit UnionCredit union Frankenmuth, MI | 64 out of 100, Moderate | $1.6B | 10.3% | 1.19% | vs |
| Financial Plus Credit UnionCredit union Flint, MI | 72 out of 100, Strong | $1.7B | 11.7% | 0.48% | vs |
| Wildfire Credit UnionCredit union Saginaw, MI | 70 out of 100, Strong | $1.2B | 10.9% | 0.60% | vs |
Deposit insurance
Is my money safe at Michigan First Credit Union?
Yes. Michigan First Credit Union is a federally insured credit union (NCUA charter #60522). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 5.6% of shares and deposits ($61.4M) are above the $250,000 NCUA insurance limit, below the peer median of 9%. Insured balances are protected regardless of the score.
The net worth ratio is 15.80%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.
22 locations
Branches
Michigan First Credit Union lists 22 offices in 16 cities. Most locations:
- Detroit, MI (4)
- Grand Rapids, MI (3)
- Canton, MI (2)
- Brownstown Twp, MI (1)
- Commerce Township, MI (1)
- Comstock Park, MI (1)
- Eastpointe, MI (1)
- Lathrup Village, MI (1)
- Norton Shores, MI (1)
- Rochester Hills, MI (1)
- Roseville, MI (1)
- Royal Oak, MI (1)
HMDA 2025
Mortgage lending
In 2025, Michigan First Credit Union reported 2,488 home-loan applications under HMDA (LEI 549300C6TQAJABMFOR79): 1,308 originated ($259,980,000 total), 968 denied, and 188 withdrawn or closed by the applicant. Its denial rate on decided applications was 42.1%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Michigan First Credit Union
- Type
- Federally insured state-chartered credit union
- NCUA charter #
- 60522
- RSSD ID
- 549992
- Primary regulator
- State + NCUA
- Established
- 1926
- Headquarters
- 27000 Evergreen Road, Lathrup Village, MI 48076
- Employees
- 510
Quick answers
Michigan First Credit Union: common questions
Is Michigan First Credit Union NCUA insured?
Yes. Michigan First Credit Union is a federally insured credit union (NCUA charter #60522). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Michigan First Credit Union's TellerScore?
72 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Michigan First Credit Union have?
22 offices as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Lathrup Village
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Total Community Credit UnionCredit union Taylor, MI | 97 out of 100, Very strong | $111.3M | 15.3% | 0.36% | vs |
| JPMorgan Chase Bank, DearbornBank Dearborn, MI | 94 out of 100, Very strong | $71.5M | 99.6% | 0.00% | vs |
| I.M. Detroit District Credit UnionCredit union Detroit, MI | 93 out of 100, Very strong | $1.9M | 28.1% | 0.00% | vs |
| The Local Credit UnionCredit union Sterling Height, MI | 92 out of 100, Very strong | $106.6M | 16.1% | 0.26% | vs |
| Electrical Workers Local 58 Credit UnionCredit union Detroit, MI | 90 out of 100, Very strong | $21.4M | 12.2% | 0.09% | vs |
| Jessop Community Federal Credit UnionCredit union Washington, PA | 87 out of 100, Very strong | $34.1M | 13.8% | 0.38% | vs |