Michigan Legacy
Michigan Legacy is a credit union based in Wyandotte, Michigan, established in 1946, with $224 million in total assets serving 18,249 members. By Trust Grade it ranks 75th of 170 credit unions we track in Michigan. Its net worth ratio of 12.5% is stronger than 67% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 0.66% return on assets. No consumer complaints against Michigan Legacy appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Michigan Legacy compares to Michigan peers
How we graded Michigan Legacy
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.5% capital ratio)
- Profitable (ROA 0.66%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Michigan Legacy over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Michigan Legacy insured?
Yes. Michigan Legacy is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Michigan Legacy: frequently asked questions
Is Michigan Legacy a good credit union?
Michigan Legacy earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (12.5% capital ratio); Profitable (ROA 0.66%).
Is Michigan Legacy NCUA-insured?
Yes. Michigan Legacy is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Michigan Legacy?
Michigan Legacy holds $224 million in total assets, ranking 75th of 170 credit unions we track in Michigan. It serves 18,249 members.
Does Michigan Legacy have CFPB complaints?
No CFPB complaints against Michigan Legacy appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
