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Michigan First Credit Union

Engaged Employer

Michigan First Credit Union reviews

3.6

64% would recommend to a friend

(180 total reviews)

Jennifer Borowy

90% approve of CEO

68% positive business outlook

Michigan First Credit Union has an employee rating of 3.6 out of 5 stars, based on 180 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Michigan First Credit Union employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

180 reviews
2.0
Jul 8, 2020
Recommend
CEO approval
Business Outlook

Pros

I made enough money to live on Members were pleasant, as were most employees. Not the worst job I ever had 401k matches up to 5%

Cons

CEO is pompous, petty, and shortsighted. COO is cruel, sarcastic, and vindictive. Often deflect unscrupulous behavior as 'in the service of members.' Leadership is easily offended by mild feedback. Do not like being challenged, only placated to. No cash in lieu of insurance. No exit survey upon resignation. No regard for employee well-being. Lobbies remained open for all of COVID season, with no hazard pay to boot. In 2019, leadership on the other side of the state forced Grand Rapids to work during a week-long blizzard. Tellers are forced to stand all day. Many of them have pain as a result. Leadership is aware but does not act because, in their words, they are not legally obligated to. Company functions like a cult: morning incantations and meaningless platitudes. Leadership uses an encyclopedia of company-specific cliches to minimize legitimate problems. Disparities in pay and PTO by gender. One female coworker had less than half the PTO accrued per pay period than our male part-timer. Company discourages employees from discussing such matters likely because they don't want their workers to know their value. Low morale. I did not encounter a single employee who actually believed in this company in my two years working there. Upon resignation, I felt like a fool for staying so long. Company cannot hold on to people long enough for people to be experienced in their positions. Rookie mistakes abound as a result. Company once made a giant addition to the main office. They treat the amenities in that office as a plus for working there... even though the majority of the company does not. Management chose to spend a ridiculous (read: deserving ridicule) amount of money on office space and a bowling alley and a gym. They find money for all this, but cannot bring themselves to find a way of making yearly company summits remote. CEO pretends the company is generous for providing a yearly 'bonus.' In reality, it is a fraction of a fraction of the yearly profits, with no clear indication of where the rest of the profits go. They pretend like your fraction of a fraction of your bonus is dependent on company-wide performance. In reality, the metrics they use to determine the bonus are far outside the reasonable control of employees. Everyone seems to know and understand this, but does not feel safe vocalizing it to leadership. Our pitiful bonuses are actually taxed by nearly half as well. It would actually be better to raise pay by 25 cents an hour, because we'd actually be GETTING the money we work for. This is a quintessential example of how leadership prioritizes optics over the tangible treatment of employees. They also believe we are not smart enough to notice this. Everyone has.

1.0
Feb 26, 2019
Recommend
CEO approval
Business Outlook

Pros

Nothing substantial. It's more about hype than reality.

Cons

Cult "prayer" required every day! If you aren't willing to play along and suck up to management, you won't last long. They want weak-minded people who are easily manipulated so they can brainwash you.

1.0
Dec 4, 2017

Don’t join the cult!!

Recommend
CEO approval
Business Outlook

Pros

Excellent benefits. Good pay. Concierge service is a nice perk. Easy products to sell to people with horrible credit since they approve anyone.

Cons

The Senior Leadership team is the most dysfunctional group. The COO is a snake and will fire you without cause don’t trust a word she says. The CEO makes you recite a prayer every morning and constantly touts the excellent culture (which he bought from a consultant). The culture is toxic people get fired or quit daily.

Viewing 1 - 3 of 180 Reviews

Glassdoor has 182 Michigan First Credit Union reviews submitted anonymously by Michigan First Credit Union employees. Read employee reviews and ratings on Glassdoor to decide if Michigan First Credit Union is right for you.