PREFERRED
Grand Rapids, MI · State Credit Union · Chartered in MI
Who can join
State government employees (special charter)
Members
23,429
Net Worth Ratio
14.00%
min. 7% = Well Capitalized
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
At a Glance
Total Assets
$317.9M
Peer Group 5
Members
23,429
as of latest quarter
Net Worth Ratio
14.00%
Well Capitalized
Institution Profile
NCUAWebsite
Phone
Address
Chartered
Branch Locations
Membership Eligibility
Financial Snapshot
Total Assets
$317.9M
Total Shares
$271.6M
Total Loans
$156.7M
Net Worth Ratio
14.00%
≥7% = Well Capitalized
Members
23,429
Delinquency Rate (60d+)
0.37%
$580K
Loan-to-share ratio: 57.7%· healthy range 60–80%
Branch Locations
NCUAGrand Rapids
3767 Sparks Dr SE, Grand Rapids, MI, 49546
9:00 to 5:00 Monday through Friday 9:00 to 12:00 Saturday, drive thru only
Ludington
266 N Jebavy Dr, Ludington, MI, 49431
9:00 to 5:00, Monday through Friday9:00 to 12:00, Saturday, drive thru only
Kalamazoo
4245 S Westnedge Ave, Kalamazoo, MI, 49008-3207
9:00 to 5:00, Monday through Friday
Hastings
329 N Michigan Ave, Hastings, MI, 49058
9:00 to 5:00, Monday through Friday
Belding
7473 Storey Rd, Belding, MI, 48809-9360
Monday through Friday 9:00 to 5:00
Greenville
534 N Lafayette St, Greenville, MI, 48838-1167
Monday through Friday 9:00 to 5:00 Saturday 9:00 to 12:00, drive thru only
Mortgage Lending (HMDA)
Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.
Consumer Complaints
No CFPB complaint data available for this credit union.
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<a href="https://bankscorer.com/credit-union/preferred" target="_blank" rel="noopener">View PREFERRED on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.