Business Details
Your Michigan Financial Partner
Community Financial Credit Union Credit Union has been dedicated to empowering Michiganders through personalized financial solutions since our founding. We specialize in providing high-yield savings accounts, competitive loan programs, and comprehensive financial wellness resources tailored to individual and business needs. Our team of experienced financial professionals prioritizes member-centric service, offering innovative products like CloseEnuff cashflow boosting checking and the 52-Week Savings Challenge to help clients achieve financial security. With physical branches in West Bloomfield and Novi, we combine digital convenience with community-focused banking.Our commitment to local impact is demonstrated through initiatives like the Relentless Care Foundation, which has raised over $71,000 for housing programs. We maintain transparency in all operations, ensuring members understand our APY structures, fee policies, and membership requirements. Through strategic expansion and community partnerships, we continue to create spaces that foster financial empowerment and belonging across Michigan.
Services
Checking Accounts
High Yield Savings
Certificate Deposits
Mortgage Loans
Business Accounts
IRA Services
Debit Cards
Financial Wellness Programs
Highlights and features
- Michigan-focused financial institution with local branches
- Offers 10% APY on initial savings deposits
- Provides financial wellness programs and tools
- Community impact through charitable initiatives
- Member-centric service model with personalized solutions
What people say
Above and beyond
Care about members
Set up for success
Services
CloseEnuff Checking
Our CloseEnuff cashflow boosting checking account helps manage daily expenses while offering up to $1,000 bonus for new members. Designed to reduce fees and improve financial control, this service includes direct deposit options and convenient debit card access. Ideal for individuals seeking to optimize their day-to-day financial management while working toward long-term goals.
High Yield Savings
Earn competitive returns with our High Yield Savings account featuring 10% APY on initial deposits up to $1,000. This service helps members grow their emergency funds and savings goals faster than traditional savings options. Backed by our commitment to financial empowerment, it provides a secure foundation for building long-term financial stability through consistent saving habits.
Financial Wellness
Comprehensive financial wellness programs help members improve money management skills through personalized guidance and digital tools. Services include budgeting assistance, credit education, and goal-setting resources. Our approach combines practical tools like the 52-Week Savings Challenge with expert advice to help members achieve financial security at every life stage.
Mortgage Loans
We offer competitive mortgage solutions to help members achieve homeownership goals. Our loan specialists provide personalized guidance through the entire mortgage process, from pre-approval to closing. With flexible terms and member-focused rates, we help make homeownership accessible while maintaining financial sustainability through responsible lending practices.
Business Accounts
Tailored business banking solutions including money market accounts and specialized financial services for Michigan businesses. Our business account offerings provide tools for cash flow management, payroll processing, and growth planning. Designed to meet diverse business needs, these services combine competitive rates with personalized support from experienced commercial banking professionals.
Questions
How do I become a CFCU member?
Membership requires living, working, or attending school in Michigan. Visit our website or any branch to complete the application process and start accessing our financial services.
What loan programs are available?
We offer mortgage loans, personal loans, and business financing options. Our loan specialists work with members to find appropriate solutions based on individual financial situations and goals.
Do you offer financial education resources?
Yes, our financial wellness programs include budgeting tools, savings challenges, and personalized guidance to help members improve financial literacy and achieve their money goals.
What community initiatives do you support?
Through the Relentless Care Foundation, we support housing programs and local charities. Recent initiatives include raising $71,000 through our Pickleball for Good fundraiser.
What digital banking tools are available?
We provide mobile banking apps, online account management, and digital tools like CloseEnuff checking and the 52-Week Savings Challenge to help members manage finances effectively.
Reviews (5)
Rachelle Erwin
Dec 29, 2021
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My husband who handled our accounts unexpectedly passed away. I've been in personally to the local branch multiple times to make sure things were set, as I did not handle any of the vehicle payments. Apparently they messed up the account, and one of the vehicle payments were late, even though I had them set up for direct withdraw. Now I have a late payment on my perfect credit score!! I will be pulling my accounts from Community Financial and going with a bank that actually takes care of their customers!!!
Ricky M.
Dec 24, 2021
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Not only does this bank have the weirdest issues (for example: you cant deposit money at atms), the real reason I gave 1 star is because of the blatant discrimination from their underwriters. While this bank denies me for a $300 credit card limit, chase gives me $10000 no questions asked (same day for both applications, so they cant claim its because of my credit history- which in itself is fantastic). Note: this is the 3rd time I have been denied for bad credit (aka not being white) here while never being denied ANYWHERE else. But hey, if youre white maybe you will have at least
Roger Scott
Oct 26, 2021
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Great rates. Fast and friendly service. This credit union has continuously gone above and beyond my expectations. I have savings, checking, car loans, credit cards, mortgage, and HELOC. Very happy with all.
Timothy Teefey
Sep 20, 2021
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I've been trying to get a new coupon book to make my loan payments for two months without any response at all.
Nick Williams
Sep 19, 2021
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I've been a Community Financial customer for a decade now. My most recent experience was with Leeann Perez. I got pre approved for an auto loan and the sales woman from the dealership I bought my car from commented to me about how awesome Leeann was to work with. Leeann had bend over backwards for me because of errors from a different dealership. I wish everyone I dealt with was a friendly, professional, positive and accommodating. 5 stars really doesn't do her justice. Thank you Leeann!
