Preferred Federal Credit Union is proud to have been serving and supporting the Community for over 54 Years!
Welcome to Preferred Federal Credit Union, where our money is your money. Literally. We're funded by our members — people like you — over 10,500 strong. And when we show a profit, you get the return by way of extremely competitive rates and quality financial services. And with every passing year, our goal is to exceed those expectations.
Like we said, nothing like a bank.
As a not-for-profit financial cooperative, Preferred Federal Credit Union is owned by the folks who save and borrow money at their Credit Union...the members. Unlike a bank, Credit Union profits are returned to the members in the form of higher dividends on savings, lower interest rates on loans, lower fees...and many other money saving services.
If you’ve never been a member of a credit union, you’re in for a pleasant surprise.
As a member, you have a voice in the actual operation of this financial cooperative, ensuring that we will continually provide you and your family with unsurpassed service and convenience. One of the primary reasons Preferred Federal Credit Union exists is to provide our members a safe and convenient place to save and borrow money.
Membership at our Credit Union makes good financial sense. In fact, we’re confident our credit union is the only financial partnership you will ever need.
Credit Union membership at Preferred Federal Credit Union is a lifetime benefit. Once you’re a member, you can remain a member for life...no matter where you live or what job you have.
Eligibility
You must live, work, worship, or be educated in Montcalm County, in Otisco Township or The City of Belding in Ionia County, Spencer, Oakfield, or Grattan Townships in Kent County. Also, surviving spouses of Credit Union members, and immediate family or household members of current Credit Union members, and organizations of such persons are eligible for membership.
** IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires ALL financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We also ask to see and make a copy of your driver's license and Social Security card for identifying documents.