Credit union · NCUA insured
Route 31
Top CarrotA $101.5M credit union headquartered in Muskegon, MI, with 9,472 members and 2 branches in Michigan. Best rates: CDs 4.25% and savings 1.80% APY.
Route 31 Carrot Score
Carrot ScoreTop Carrot
Higher than 79% of U.S. banks and credit unions
#5 of 19 in Muskegon, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Route 31
Chartered in 1949, Route 31 Credit Union is a member-owned, non-profit financial institution.
Formerly known as Muskegon Co-op Federal Credit Union, the credit union changed its name to Route 31 Credit Union on August 15, 2022.
The credit union is certified as a Community Development Financial Institution (CDFI), serving underserved communities.
- Headquarters
- 715 Terrace St, Ste 101, Muskegon, MI 49440
- NCUA charter
- 5982
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This may be incomplete or out of date, so check with the credit union before you apply.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 individuals who live, worship, work in, or attend school in any of 17 Michigan counties: Muskegon, Ottawa, Oceana, Newaygo, Antrim, Benzie, Gratiot, Kalkaska, Lake, Leelanau, Manistee, Mason, Mecosta, Missaukee, Montcalm, Osceola, or Wexford.
Employers and groups
- Membership is open to employees of Route 31 Credit Union.
Family and household
- Membership is open to immediate family members (spouse, child, sibling, parent, grandparent, grandchild, great grandparent, aunt, uncle, niece, nephew, including step and adoptive relationships) or household members of a current member.
- Membership is open to surviving spouses of persons who died within the field of membership of the credit union.
Other ways
- Membership is open to businesses or legal entities located in the rural district of any of the 17 specified Michigan counties.
- Membership is open to individuals who volunteer in any of the 17 specified Michigan counties.
Cost to join
- A $5 deposit is required to activate the account when opening a new membership.
- A one-time $1 membership fee is required when opening a new membership.
Branches
2 branches in Michigan
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Michigan
2 branches
- Terrace Main OfficeMain office715 Terrace St, Ste 101, Muskegon, MI 49440Directions
- Laketon Avenue Branch1920 E Laketon Ave, Muskegon, MI 49442Directions
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
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.21% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.41% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.72% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $69 | $76 | — |
- CapitalNet worth ratio13.21%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.41%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.72%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$69Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 Route 31 are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.