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Introduction

At Michigan Educational Credit Union, we have proudly served our members since our establishment in 1942. Located in Plymouth, MI, our mission is to empower individuals and families through accessible financial services and community support. Under the leadership of CEO Robert Sandercock and Board President Alonzo Glaze, we are dedicated to fostering a member-first approach that prioritizes trust and service excellence. Our commitment to the community extends beyond just banking; we strive to enhance the financial well-being of everyone we serve.

As a federally insured institution by the NCUA since March 8, 1972, you can trust that your deposits are secure with us. We understand that modern banking needs require flexibility and convenience, which is why we offer a suite of innovative digital tools including online banking, a mobile application for easy access on-the-go, person-to-person transfers, e-statements for paperless transactions, mobile payments for seamless purchasing, and electronic signature authorization for your convenience. Discover more about our services and how we can help you achieve your financial goals at our official website: https://www.michedcu.org/. For any inquiries, feel free to reach us at our fax number: 7344165256. Join us today and experience the difference of being part of a credit union that truly values its members!

Financial Services

Michigan Educational Credit Union is dedicated to providing a comprehensive suite of financial services designed to meet the diverse needs of its members. With offerings that include personal banking, auto loans and vehicle financing, mortgage loans and refinancing, as well as personal loans and debt consolidation, members have access to tailored solutions for their financial journeys. The credit union also caters to small businesses through business banking options, including merchant services and business loans. By embracing online banking and a user-friendly mobile application, Michigan Educational empowers its members with convenient tools such as person-to-person transfers, mobile payments, e-statements, and e-signatures. This digital access enables individuals to manage their everyday banking effortlessly while planning for significant life milestones or growing their businesses.

Membership at Michigan Educational Credit Union is accessible to many, providing an inviting environment for those looking to secure their financial future. Interested individuals can learn more about eligibility by visiting http://www.michedcu.org/about-us/membership. The credit union's commitment to member service extends beyond traditional banking; it includes resources for checking loan rates or comparing options through platforms like https://www.lendmesh.com/loans/mortgage_loans. Whether you’re a first-time homebuyer or seeking financing for your next vehicle, Michigan Educational Credit Union is here to support your goals. For personalized assistance or inquiries, feel free to reach out via fax at (734) 416-5256. Your financial success starts here, with the backing of a community-focused institution that prioritizes your needs.

Financial Highlights

Michigan Educational Credit Union stands as a trusted financial partner, committed to the well-being of its members and community. With a robust Total Membership of 48,745, this credit union has cultivated a strong, supportive network that prioritizes the needs of its members. The institution boasts impressive Total Assets amounting to 1,010,674,335, reflecting its stability and growth within the competitive financial landscape.

The strength of Michigan Educational is further underscored by its Net Worth of 121,908,341, providing reassurance that it is well-equipped to handle various economic challenges while continuing to offer valuable services. Notably, the credit union maintains a healthy Net Worth Ratio of 1,206, showcasing its commitment to sound financial practices and long-term sustainability.

Michigan Educational Credit Union has successfully fostered a diverse portfolio, with Total Deposits reaching 84,433,289 and Total Loans and Leases at 30,885. This balance indicates not only trust from its members but also effective management strategies that benefit both borrowers and savers alike. The credit union's dedication to member service is evident in its operational efficiency, supported by a dedicated team of Total Employees totaling 89.

Moreover, with a growing Credit Card Loan Volume of 4,966 and an impressive Auto Loan Volume of 19,134, Michigan Educational Credit Union continues to expand its offerings, ensuring that members have access to essential financial products tailored to their needs. Its focus on community engagement is reflected in the availability of Commercial Loans, allowing local businesses to thrive.

The performance insights and financial data presented here are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov. Explore how Michigan Educational Credit Union can support your financial journey today. Compare real-time loan offers at https://www.lendmesh.com/loans/mortgage_loans and discover the best rates for your needs.

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