PREFERRED
State-Chartered • Grand Rapids, Michigan • Est. 1968
Quick Facts
- Charter Number
- #62340
- Type
- State-Chartered
- Established
- 1968
- Headquarters
- Grand Rapids, Michigan 49546
- Address
- 3767 Sparks Dr SE
- Branches
- 6
- ATMs
- 4
- Members
- 23,429
- Membership Type
- Community
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 10% and a delinquency rate below 1%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
23,429 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | PREFERRED |
|---|---|
| Total Assets | $317.9M |
| Members | 23,429 |
| Loans Outstanding | $156.7M |
| Shares & Deposits | $271.6M |
| Net Worth | $44.5M |
| Net Worth Ratio | 14.00% |
| Loan-to-Share Ratio | 57.7% |
| Delinquency Rate | 0.43% |
| Net Income | +$0 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
Branch Locations
6 locations · 4 ATMs
Grand Rapids
Main Office3767 Sparks Dr SE
Grand Rapids, MI 49546
Ludington
266 N Jebavy Dr
Ludington, MI 49431
Kalamazoo
4245 S Westnedge Ave
Kalamazoo, MI 49008-3207
Hastings
329 N Michigan Ave
Hastings, MI 49058
Belding
7473 Storey Rd
Belding, MI 48809-9360
Who Can Join PREFERRED?
Membership Type: Community
Membership eligibility for PREFERRED may vary. Contact the credit union directly to confirm qualification requirements.
Contact PREFERRED directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Michigan
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Michigan RankingsFrequently Asked Questions
PREFERRED is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, PREFERRED has 23,429 members and a potential membership field of 50,000 people.
PREFERRED's reported net worth ratio is 14.00% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
PREFERRED operates 6 branch locations and has access to 4 ATMs. The main office is located at 3767 Sparks Dr SE, Grand Rapids, MI 49546.
PREFERRED was established in 1968. It is a state-chartered credit union chartered under charter number 62340. The institution has been serving members for 58 years.
Data sourced from the NCUA Quarterly Call Report (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or PREFERRED. All financial data is for informational purposes only.