Home
Contents
Explore
Search

Aac Credit Union

Overview
Back to Top

Aac Credit Union is a federally insured state credit union based in Grand Rapids, Michigan. It has been opened since 1937, for 83 years.

With around $143,220,000 in assets, Aac Credit Union is considered to be a large credit union. It has 7 branches and 5 ATM locations.

About
Address 177 Wilson Avenue NW
Grand Rapids, Michigan 49534
Website http://aaccreditunion.org
Phone (616) 288-0288
Fax (616) 735-4919
CEO Brian Turmell
President of the Board Thane Barden
Services Offered
Map
Back to Top
Score Card
Back to Top
83 years
Years in business
Opened in 1937
Well Capitalized
Net worth classification
Source: NCUA
15,830 members
Membership type: State chartered natural person credit union
Above average number of members
401:1
Credit union member to staff ratio
401 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$143,224,198
Total assets
Above average
7 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
7 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Aac Credit Union Branch Locations

Aac Credit Union: Herman Miller Branch
855 E. Main Avenue
Zeeland, Michigan 49464
ATM Available
Aac Credit Union: Zeeland Branch
612 E. Main Avenue
Zeeland, Michigan 49464
ATM Available
Aac Credit Union: Spring Lake Branch
17228 Van Wagoner Road
Spring Lake, Michigan 49456
ATM Available
Aac Credit Union: Holland Branch
12390 Riley Street
Holland, Michigan 49424
ATM Available
Aac Credit Union Big Dutch Branch
215 E. 25th Street
Holland, Michigan 49423
No ATM
Aac Credit Union: Standale
177 Wilson Avenue NW
Grand Rapids, Michigan 49534
ATM Available
Aac Credit Union: Grand Rapids Branch
904 Broadway Avenue NW
Grand Rapids, Michigan 49504
No ATM
Members
Back to Top
15,830 members
Membership type: State chartered natural person credit union
Above average number of members

With 15,830 members, the Aac Credit Union is considered to be a large credit union. It is larger than 78% of credit unions.

Fees
Back to Top
$68
Average fee per member
The average fee per member at the Aac Credit Union is $68, which is high compared to most credit unions. This rate is higher than 65% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Aac Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
401:1
Credit union member to staff ratio
401 per each FTE employee
Compared to 411:1 nationally
Average number of staff
40 staff members
FTE (full-time equivalent)
20% of employees are part-time
35 full-time, 9 part-time

Aac Credit Union has 35 full-time staff members and 9 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Aac Credit Union has around 401 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
Back to Top
$143,224,198
Total assets
Above average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
20.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$9,865
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 48% of credit unions.

Aac Credit Union holds a total of $99,520,000 in loans and leases, which is about $9,865 per member on average.

Savings interest rate
Back to Top
0.20%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Aac Credit Union pays 0.20%.

Loan rates
Back to Top
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
3.49%
New car loan rate
Compared to 4.0% nationally
4.24%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally