American 1 began as the Jackson Co-Op Federal Credit Union, a service provided to members of the Jackson Co-Op, and was founded in 1950. The Jackson Co-Op Credit Union was originally located at the local United Rubber Workers Hall 185 on a part-time basis, featuring 47 members, three full-time employees in its first year.
Later, the credit union purchased a small house on Chapin Street in 1951 and a vacant church on Pearl Street in 1962. Needing more office space to accommodate its growing membership, the Jackson Co-Op Credit Union bought the McCourtie dealership on Michigan Ave. in Jackson and established our current Home Office location. By 1964, Jackson Co-Op Credit Union had acquired over 5, 000 members - and even sold “Co-Op appliances” until 1974. The credit union soon established branches in Battle Creek and Hillsdale, and other areas outside of Jackson.
In 1987, Jackson Cooperative Credit Union officially changed its name to American 1 Federal Credit Union. In October 2011, to continue its strong growth, American 1 became a state chartered credit union and the new name became - American 1 Credit Union.
American 1 Credit Union today serves over 58, 000 members with branches in Jackson, Washtenaw, Hillsdale, Calhoun, Lenawee, and Wayne counties. American 1 is proud to serve the members of their communities by creating financial wellness through personal everyday banking.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154