ABOUT US

Community Financial Credit Union is a not-for-profit, full-service financial institution headquartered in Plymouth, MI, with 13 branches in southeast and northern Michigan. For 70 years, Community Financial has been committed to giving back to the communities it serves.

Field of Membership

OUR MEMBERSHIP INCLUDES ANYONE WHO RESIDES, WORKS, ATTENDS SCHOOL, OR WORSHIPS IN THE STATE OF MICHIGAN.

Membership is also available for businesses and other legal entities, or for those who regularly conduct business, in Michigan. Immediate family members such as a spouse, parent, child, sibling or grandparent, of someone who lives in our eligible communities are also eligible to join. Finally, anyone currently living in the same household with a member of Community Financial can also join. Become part of the Community Financial Credit Union family today!

WHO WE ARE

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What Makes Community Financial Credit Union Different from a Bank?

	Community Financial Credit Union	Banks
Our Mission	People oriented, not-for-profit, operates to provide favorable rates and services. Account holders are the shareholders (members).	Business oriented; operates to generate a profit for outside shareholders by providing banking services for customers.
Rates & Fees	Typically higher rates on savings, lower loan rates, and fewer fees.	Often charge more and higher fees than credit unions.
Lending Philosophy	Believes in relationship lending. Looks at the whole picture and will not deny a loan based on credit score alone.	Typically lends based on numbers and credit score.
Security	Deposits are insured up to $250,000 by the NCUA. National Credit Union Administration (an agency of the U.S. Government).	Deposits are insured up to $250,000 by FDIC. Federal Deposit Insurance Corp. (an agency of the U.S. Government).
Directors	Unpaid volunteer board of directors elected by our members - the people that use the credit union.	Paid board of directors elected by shareholders.
Products & Services	Consumer services such as savings, loans, checking, financial education, business services and other money saving benefits.	Consumer and commercial loans, savings, checking, and corporate trust services.

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