Credit union · NCUA insured
Michigan Educational Credit Union
A $1.1B credit union headquartered in Plymouth, MI, with 47,969 members and 5 branches in Michigan. Best rates: CDs 4.00% and savings 0.20% APY.
Michigan Educational Credit Union Carrot Score
84
Carrot Score
Higher than 65% of U.S. banks and credit unions
#34 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Michigan Educational Credit Union
Michigan Educational Credit Union is a member-owned, not-for-profit financial cooperative based in Plymouth, Michigan, serving the community since 1942.
The credit union has specialized in serving the unique financial needs of school employees since its founding.
- Headquarters
- 9200 N Haggerty Rd, Plymouth, MI 48170-4633
- NCUA charter
- 60931
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school anywhere in the State of Michigan.
Military, government and schools
- Membership is available to employees and retirees of educational institutions located in Wayne, Washtenaw, Oakland, Macomb, Livingston, and Jackson counties.
Family and household
- Membership is available to immediate family members of eligible members and family members (relatives by blood or marriage) of members.
Cost to join
- A $1 membership fee is required upon opening a membership account.
- An initial share deposit of $5 is required to open a membership account.
Branches
5 branches in Michigan
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Michigan
5 branches
Detroit area · 4
- Michigan Educational Credit UnionMain office9200 N Haggerty Rd, Plymouth, MI 48170Directions
- MECU-Brighton123 Brighton Lake Rd, Brighton, MI 48116Directions
- MECU-Livonia14921 Middlebelt Rd, Livonia, MI 48154Directions
- MECU-Macomb47230 Hayes Rd, Macomb, MI 48044Directions
Ann Arbor area · 1
- MECU-Ann Arbor4141 Jackson Rd, Ann Arbor, MI 48103Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.70% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 0.29% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 0.49% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $49 | $88 | — |
- CapitalNet worth ratio11.70%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late0.29%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets0.49%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$49Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Michigan Educational Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.