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
- 23,514
- Membership Type
- Community
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Exceptionally well-capitalized with outstanding net worth ratio, very low delinquency, and strong earnings. One of the most financially sound credit unions in the country.
Financial Overview
Total Assets
Members
23,514 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | PREFERRED |
|---|---|
| Total Assets | $308.0M |
| Members | 23,514 |
| Loans Outstanding | $158.5M |
| Shares & Deposits | $262.3M |
| Net Worth | $43.6M |
| Net Worth Ratio | 14.15% |
| Loan-to-Share Ratio | 60.4% |
| Delinquency Rate | 0.44% |
| Net Income | +$4,048,216 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
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.
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View Michigan RankingsFrequently Asked Questions
Yes. PREFERRED is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, PREFERRED has 23,514 members and a potential membership field of 50,000 people.
PREFERRED's net worth ratio is 14.15% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 14.2%, PREFERRED meets this threshold.
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 (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or PREFERRED. All financial data is for informational purposes only.