Michigan Educational Credit Union

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

Featured Products & Services

Save a Little Green!

Drive for less with Auto Loan rates as low as 1.75% APR! Contact the Loan Department for more information.

Think Spring with Home Equity

Start your spring home improvement projects with home equity rates as low as 4.50% APR. Ask our Loan Department for details.

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.

Serving You & Your Future

Michigan Educational Credit Union enjoyed another successful year in 2014. Read all about it in the 2014 Annual Report, now available to view online.

Rates

2015 - 2012 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 3/01/2015 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 2012-2015 only  
*** Model years 2014-2015 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 1.00% $5,000
48 Months 1.40% $5,000
60 Months 1.75% $5,000
Unless noted otherwise, rates are effective 3/01/2015 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.

Calculator

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.