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MECU Ranked Among Healthiest Credit Unions In U.S.
Michigan Educational Credit Union was recently named to the DepositAccounts.com 2016 list of the Top 200 Healthiest Credit Unions in America for the third year in a row! MECU is one of only 42 credit unions nationwide to be named to the list all three years. MECU ranked 133rd overall.
Each year DepositAccounts.com evaluates the financial health of every federally insured credit union in the United States — more than 6,000 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.
For the full 2016 list and more information, go to DepositAccounts.com.
| 2016 - 1991 Automobiles (100% Financed) | |||
| Effective Date: 09/01/2016 | |||
| Year From | Year To | Term | APR* as low as |
| 2016 | 2012 | Up to 60 Months | 1.75% |
| 2016 | 2012 | 72 Months** | 2.75% |
| 2016 | 2012 | 84 Months** | 3.25% |
| 2011 | 2009 | Up to 60 Months | 2.75% |
| 2008 | 1991 | Up to 48 Months | 5.75% |
** Minimum $25,000.00 for 84 month term, Minimum $10,000 for 72 month term College Grad Discount - 2015 and 2016 graduates can save .25% off MECU's current 2016s/2015s auto loan rates. *Rates includes a .25% discount for direct deposit and .25% discount for share draft checking and may vary based on credit history. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. | |||
| Share Savings | |
| Effective Date: 09/01/2016 | |
| Name | APY |
| Regular Share Savings | .15% |
| Christmas Club | .15% |
| Vacation Club | .15% |
| The minimum balance in these accounts is just $5.00. Rates may change at any time. Fees, which could be assessed for other services available through the credit union could reduce the earnings on these accounts. There is no fee however to maintain a Share Savings, Vacation or Christmas Club account. * Rates are subject to change at any time. | |
| Share Certificates | ||
| Effective Date: 09/01/2016 | ||
| Term | APY* | Minimum Amount |
| 91 Days | 0.20% | $2,500 |
| 182 Days | 0.30% | $2,500 |
| 365 Days | 0.60% | $2,500 |
| 18 Months | 0.60% | $5,000 |
| 24 Months | 0.85% | $5,000 |
| 30 Months | 0.85% | $5,000 |
| 36 Months | 1.10% | $5,000 |
| 48 Months | 1.50% | $5,000 |
| 60 Months | 1.85% | $5,000 |
| Rates are subject to change at any time without notice. Please call for the most current rates. *Annual Percentage Yields | ||