Option 1 Credit Union

About Option 1 Credit Union

Option 1 Credit Union Location

Po Box 895
Grand Rapids, MI 49548

Phone: (616) 243-0125
Website: www.option1cu.org
Routing/Transit Number: Not Available

Option 1 Credit Union Information

Option 1 Credit Union of Grand Rapids, MI is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 33879 members and assets of $239,694,474, as compared to the national average of $93 million dollars of assets per credit union. Option 1 Credit Union, first opened in 1936 and has been in operation since then. Additionally, Option 1 Credit Union has 89 full time employees and 24 part time employees, or 299.814159292 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Option 1 Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Option 1 Credit Union is a not-for-profit, cooperative, tax-exempt organization.