Charter 60931 · Plymouth, MI
Michigan Educational Credit Union
Michigan Educational Credit Union is a state-chartered credit union in Plymouth, Michigan, with $1.11 billion in assets and 46,838 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 11.70%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as MECU Financial.
- Total assets
- $1.11 billion
- +3.3% in a year
- Members
- 46,838
- -1.6% in a year
- Net worth ratio
- 11.70%
- Peer median 10.79%
- Loans 60+ days late
- 0.29%
- Peer median 0.67%
- Loans outstanding
- $482 million
- +0.2% in a year
- Shares and deposits
- $987 million
- +2.9% in a year
- Branches
- 6
- 93 employees
- Opened
- 1942
- Michigan charter
How Michigan Educational Credit Union compares
NCUA groups credit unions by size; Michigan Educational Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 11.70% is higher than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.29%, is lower than the group median of 0.67%. Loans grew 0.2% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 25 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $1.11 billion | 46,838 | $482 million | 11.70% | 0.29% |
| Q1 2026 | $1.11 billion | 47,969 | $483 million | 11.54% | 0.24% |
| Q4 2025 | $1.09 billion | 47,814 | $482 million | 11.67% | 0.30% |
| Q3 2025 | $1.07 billion | 47,820 | $489 million | 11.73% | 0.30% |
| Q2 2025 | $1.08 billion | 47,589 | $481 million | 11.58% | 0.25% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 1.0 million potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 7 sites for Michigan Educational Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Michigan Educational Credit Union (main office)
9200 N Haggerty Rd, Plymouth, MI 48170 - MECU-Livonia
14921 Middlebelt Rd, Livonia, MI 48154 - MECU-Ann Arbor
4141 Jackson Rd, Ann Arbor, MI 48103 - MECU-Royal Oak
1903 Rochester Rd, Royal Oak, MI 48073 - MECU-Macomb
47230 Hayes Rd, Macomb, MI 48044 - MECU-Brighton
123 Brighton Lake Rd, Brighton, MI 48116 - MECU Vital Records
9200 N Haggerty Rd, Plymouth, MI 48170
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology