About Us

AAC CREDIT UNION IS 5 STAR RATED

Bauer Financial is an independent organization that rates financial condition.  Each bank and credit union is required to file a detailed financial report with federal regulators four times a year. BauerFinancial obtains this data in its raw form from the government. The quarterly data is subjected to a thorough analysis and is compared with historical data for consistency. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest.
 

Annual Reports

• View 2011
• View 2010
• View 2009

Who Can Join?

• Any person who lives, works, attends school or worships in Kent, Muskegon, Allegan, Barry, Ottawa or Ionia Counties.
• Any person whose current job involves the manufacturing or sale of furniture in Kent, Muskegon, Allegan, Barry, Ottawa or Ionia Counties.
• Any person who is employed by a company or organization that has added AAC Credit Union membership to its benefit package.
• Any immediate relation by blood or marriage to an AAC Credit Union member.
• Any person over the age of 55 who receives a government or private retirement pension and lives in or belongs to a retirement organization located in Kent County or an adjacent county and within a 25-mile radius of our main office.
• Our Credit Union philosophy of "once a member, always a member" means should you change jobs or move away, you may still remain a member of our credit union.

How Can I Enroll my Company?

Let’s face it employee benefits aren’t cheap these days! It becomes a very frustrating task trying to keep your employees happy and your costs manageable. How does offering a great benefit to your employees for no cost sound? If it sounds too good to be true, its not; you can offer them membership at AAC credit union for no cost! Your employees will enjoy direct deposit and/or payroll deduction, low loan rates, great returns on their savings and more! Sound interesting? Simply click here, fill out a short e-mail and an AAC representative will contact you shortly!

 

Why A Credit Union?

The idea for credit unions was based on the simple principle that ordinary people could pool their money and make loans to each other. Credit unions are financial cooperatives, owned by the people who save and borrow there. Therefore once you deposit money in a credit union, you become a member. Credit unions serve groups that share something in common, such as where they work, live, or go to church.

Every member is an owner with an equal vote in the election of the credit union's volunteer board of directors. Credit unions return earnings to their members in the form of lower rates on loans, higher dividends on savings, and fewer and lower service fees. Many credit unions have expanded their services to include credit cards, debit cards, checking accounts, online services, IRAs, mortgages, and student loans.

As with other financial institutions, credit unions are regulated by state and federal agencies. The funds credit union members deposit are insured by the National Credit Union Administration to $250,000.

AAC Credit Union is a participating member of Credit Unions of West Michigan.