Option 1 Credit Union
Option 1 Credit Union is a mid-sized, state-chartered credit union headquartered in Grand Rapids, MI. The credit union operates 9 branches in 1 state (Michigan). It has $262.7 million in assets and roughly 32,900 members.
Products offered include: IRA CD, Regular CD, IRA Daily Account, Option 1 MMA Savings, Option 1 Savings and Option Plus Checking.
Current Option 1 Credit Union Rates
| Name | Term | APY | Min Deposit | |
| IRA CD | 6 months | 0.20 % | $500 | |
| 1 year | 0.30 % | $500 | ||
| 18 months | 0.40 % | $500 | ||
| 2 years | 0.55 % | $500 | ||
| 30 months | 0.60 % | $500 | ||
| 3 years | 0.95 % | $500 | ||
| 4 years | 1.40 % | $500 | ||
| 5 years | 1.60 % | $500 | ||
| Regular CD | 6 months | 0.20 % | $500 | |
| 1 year | 0.30 % | $500 | ||
| 18 months | 0.40 % | $500 | ||
| 2 years | 0.55 % | $500 | ||
| 30 months | 0.60 % | $500 | ||
| 3 years | 0.95 % | $500 | ||
| 4 years | 1.40 % | $500 | ||
| 5 years | 1.60 % | $500 |
Option 1 Credit Union Membership Eligibility
You can be a member of Option 1 Credit Union if you live or worship in the following counties: Allegan, Barry, Clinton, Eaton, Ingham, Kent, Livingston, Newaygo, Ottawa, Shiawassee. Our charter also allows us to serve people with disabilities who reside in Michigan, as well as the employees of 500+ employer groups, unions and associations in the West Michigan and Lansing areas. Additionally, Option 1 membership is offered to persons related by blood or marriage to a current credit union member and people who reside in the same household as a current credit union member.
About Option 1 Credit Union
Option 1 Credit Union opened it's doors for business in 1936. We have always been a not for profit organization, owned and governed by members who are committed to cooperatively helping each other improve their financial well-being. We believe strongly in the credit union philosophy of people helping people and we constantly monitor the marketplace to make sure that our members get competitive loan and share rates and pay lower fees than they would elsewhere.
Our members have access to a wide variety of high-quality financial products, backed up by the personal service that credit unions are famous for. With the electronic services that we offer, it is possible for a member to bank exclusively with Option 1, yet never set foot inside one of our offices.
Our motto has always been, "Proud of our past... prepared for our future," and while we like to reflect on our progress, we never turn back. We are always looking for new and progressive ways to meet the financial needs of our members.