Michigan Educational Credit Union

Dedicated to serving the financial needs of the educational community since 1942.

Featured Products & Services

You Deserve A Break!

Enjoy a financial break this spring with a lower car payment. Check out our rates as low as 1.75% APR* on new and used autos as old as 2011!

The Strength of Community

Michigan Educational Credit Union's 2013 Annual Report is now available to view online. If you'd like to receive a hard copy, please contact your local MECU branch.

Rated 5 Stars by BauerFinancial

Michigan Educational Credit Union is proud to be recognized as a 5-Star Superior credit union by the nation's leading credit union rating and research firm, BauerFinancial, Inc.

Consolidate and Celebrate a 2.99% Rate!

MECU is pleased to announce a sweet rate of only 2.99% APR on credit card balance transfers from January 1 to June 30, 2014! Ask our staff for more information.


2014 - 2011 Auto Loan Rates

Term APR* as low as
24 Months 1.75%
36 Months 1.75%
48 Months 1.75%
60 Months 1.75%
72 Months** 2.75%
84 Months*** 3.25%

Unless noted otherwise, rates are effective 4/01/2014 and are subject to change at any time without notice. Rates based on approved credit and credit union relationship. Please call for the most current rates and details.
*Annual Percentage Rate  
** Model Years 2011-2014 only  
*** Model years 2013-2014 only

Share Certificate Rates

Term APY* Min Amount
91 Days 0.20% $2,500
182 Days 0.30% $2,500
365 Days 0.50% $2,500
18 Months 0.50% $5,000
24 Months 0.75% $5,000
30 Months 0.75% $5,000
36 Months 0.85% $5,000
48 Months 1.25% $5,000
60 Months 1.60% $5,000
Unless noted otherwise, rates are effective 4/01/2014 and are subject to change at any time without notice. Please call for the most current rates.
*Annual Percentage Yields

Loan Calculator

From the loan rates page, note the rate and the term (number of months) for the loan you want. Input the rate (e.g. input 7.25% as 7.25), term (number of months) and the loan amount (enter in whole dollar amount with no decimals, e.g. 10000 not 10000.25) in the boxes below and click on the "Estimate Now" button.


Please note:  The information provided by this calculator is for illustrative purposes only.  Amounts calculated may differ from actual values due to such factors as rounding, the exact number of days, term and other factors.