United Federal Credit Union

2807 South State St.
St. Joseph, MI 49085
(888) 982-1400
www.unitedfcu.com

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United Federal Credit Union is headquartered in Saint Joseph and is the 7^th largest credit union in the state of Michigan. It is also the 125^th largest credit union in the nation. It was established in 1949 and as of September of 2011, it had grown to 440 employees and 106,418 members. United Federal Credit Union has a 5-star health rating.

A First For Credit Unions: Bank Is Purchased By A Credit Union (Forum) - 1/3/2012

This is the first time a credit union has purchased a bank. Here's an excerpt from the credit union's press release: United Federal Credit Union, headquartered in St. Joseph, Michigan, announces that its historic purchase of the assets of Griffith Savings

United FCU Cuts Reward Checking Rate To 3.00% (Forum) - 7/15/2010

United Federal Credit Union lowered its reward checking yield from 3.65% to 3.00% APY for balances up to $25K. This is the credit union that guaranteed a 6.01% APY at the end of 2008 until the start of 2010.

This CU Recently Dropped Its Rate To 3 (Forum) - 1/12/2010

This CU recently dropped its rate to 3.65% APY.

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See Rates for: Checking | Savings | Money Market | CD | IRA

United Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
2.20%^†	-	$25k	Interest Plus Checking
0.50%^†	$100k	-	Platinum Plus Checking
0.50%^†	$100k	-	Business Growth Checking

United Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%^†	$25k	-	Health Savings Account
0.30%^†	-	-	Achiever Savings
0.25%^†	-	-	Youth Savings
0.25%^†	-	-	Holiday Club
0.25%^†	$300	-	Membership Savings
0.25%^†	$300	-	Business Membership Savings

United Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.75%^†	$350k	-	Member's Advantage Money Market
0.75%^†	$350k	-	Business Member's Advantage Money Market
0.45%^†	$25k	-	IRA Money Market Account

United Federal Credit Union CD Rates

Apy	Min	Max	Product
2.00%^†	$100k	-	60 Month Premier CD
2.00%^†	$100k	-	Business 60 Month Premier CD
1.75%^†	$500	-	60 Month Share CD
1.75%^†	$500	-	Business 60 Month Share CD
1.60%^†	$100k	-	48 - 59 Month Premier CD
1.60%^†	$100k	-	Business 48 - 59 Month Premier CD
1.45%^†	$100k	-	36 - 47 Month Premier CD
1.45%^†	$100k	-	Business 36 - 47 Month Premier CD
1.35%^†	$500	-	48 - 59 Month Share CD
1.35%^†	$500	-	Business 48 - 59 Month Share CD
1.20%^†	$500	-	36 - 47 Month Share CD
1.20%^†	$500	-	Business 36 - 47 Month Share CD
1.05%^†	$100k	-	24 - 35 Month Premier CD
1.05%^†	$100k	-	Business 24 - 35 Month Premier CD
1.00%^†	$100k	-	18 - 23 Month Premier CD
1.00%^†	$100k	-	Business 18 - 23 Month Premier CD
0.80%^†	$500	-	24 - 35 Month Share CD
0.80%^†	$500	-	Business 24 - 35 Month Share CD
0.75%^†	$100k	-	12 - 17 Month Premier CD
0.75%^†	$500	-	18 - 23 Month Share CD
0.75%^†	$100k	-	Business 12 - 17 Month Premier CD
0.75%^†	$500	-	Business 18 - 23 Month Share CD
0.60%^†	$100k	-	6 - 11 Month Premier CD
0.60%^†	$100k	-	Business 6 - 11 Month Premier CD
0.55%^†	$100k	-	3 - 5 Month Premier CD
0.55%^†	$100k	-	Business 3 - 5 Month Premier CD
0.50%^†	$500	-	12 - 17 Month Share CD
0.50%^†	$500	-	12 Month Young Investor Certificate
0.50%^†	$500	-	Business 12 - 17 Month Share CD
0.35%^†	$500	-	6 - 11 Month Share CD
0.35%^†	$500	-	6 - 11 Month Young Investor Certificate
0.35%^†	$500	-	Business 6 - 11 Month Share CD
0.30%^†	$500	-	3 - 5 Month Share CD
0.30%^†	$500	-	3 - 5 Month Young Investor Certificate
0.30%^†	$500	-	Business 3 - 5 Month Share CD

United Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.00%^†	$100k	-	60 Month Premier IRA
2.00%^†	$100k	-	60 Month Premier Roth IRA
2.00%^†	$100k	-	60 Month Premier CESA
1.75%^†	$500	-	60 Month IRA
1.75%^†	$500	-	60 Month Roth IRA
1.75%^†	$500	-	60 Month CESA
1.60%^†	$100k	-	48 - 59 Month Premier IRA
1.60%^†	$100k	-	48 - 59 Month Premier Roth IRA
1.60%^†	$100k	-	48 - 59 Month Premier CESA
1.45%^†	$100k	-	36 - 47 Month Premier IRA
1.45%^†	$100k	-	36 - 47 Month Premier Roth IRA
1.45%^†	$100k	-	36 - 47 Month Premier CESA
1.35%^†	$500	-	48 - 59 Month IRA
1.35%^†	$500	-	48 - 59 Month Roth IRA
1.35%^†	$500	-	48 - 59 Month CESA
1.20%^†	$500	-	36 - 47 Month IRA
1.20%^†	$500	-	36 - 47 Month Roth IRA
1.20%^†	$500	-	36 - 47 Month CESA
1.05%^†	$100k	-	24 - 35 Month Premier IRA
1.05%^†	$100k	-	24 - 35 Month Premier Roth IRA
1.05%^†	$100k	-	24 - 35 Month Premier CESA
1.00%^†	$100k	-	18 - 23 Month Premier IRA
1.00%^†	$100k	-	18 - 23 Month Premier Roth IRA
1.00%^†	$100k	-	18 - 23 Month Premier CESA
0.80%^†	$500	-	24 - 35 Month IRA
0.80%^†	$500	-	24 - 35 Month Roth IRA
0.80%^†	$500	-	24 - 35 Month CESA
0.75%^†	$100k	-	12 - 17 Month Premier IRA
0.75%^†	$500	-	18 - 23 Month IRA
0.75%^†	$100k	-	12 - 17 Month Premier Roth IRA
0.75%^†	$500	-	18 - 23 Month Roth IRA
0.75%^†	$100k	-	12 - 17 Month Premier CESA
0.75%^†	$500	-	18 - 23 Month CESA
0.60%^†	$100k	-	6 - 11 Month Premier IRA
0.60%^†	$100k	-	6 - 11 Month Premier Roth IRA
0.60%^†	$100k	-	6 - 11 Month Premier CESA
0.55%^†	$100k	-	3 - 5 Month Premier IRA
0.55%^†	$100k	-	3 - 5 Month Premier Roth IRA
0.55%^†	$100k	-	3 - 5 Month Premier CESA
0.50%^†	$500	-	12 - 17 Month IRA
0.50%^†	$500	-	12 - 17 Month Roth IRA
0.50%^†	$500	-	12 - 17 Month CESA
0.35%^†	$500	-	6 - 11 Month IRA
0.35%^†	$500	-	6 - 11 Month Roth IRA
0.35%^†	$500	-	6 - 11 Month CESA
0.30%^†	$500	-	3 - 5 Month IRA
0.30%^†	$500	-	3 - 5 Month Roth IRA
0.30%^†	$500	-	3 - 5 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

UNITED
NCUA #	6288
BankRate Report	View
Year Established	1949
Employees	440
Primary Regulator
Assets and Liabilities
Assets	$1.32 billion
Loans	$1.06 billion
Deposits	$1.05 billion
Equity Capital	$143.47 million
Loan Loss Allowance	$13.43 million
Unbacked Noncurrent Loans	$8.03 million
Real Estate Owned	$1.39 million
Historic Data - September 2010
Assets	$1.20 billion
Equity Capital	$134.27 million
Loan Loss Allowance	$9.96 million
Unbacked Noncurrent Loans	$7.58 million
Real Estate Owned	$706,000
Profit Margin - Quarterly
Net Interest Margin	3.95%
Return on Assets	0.73%
Return on Equity	6.73%
Interest Income	$54.18 million
Non-Interest Income	$16.21 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 United Federal Credit Union had $9.42 million in non-current loans and owned real-estate with $156.9 million in equity and loan loss allowances on hand to cover it. This gives United Federal Credit Union a Texas Ratio of 6.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for United Federal Credit Union held steady from 5.74% as of September 30, 2010 to 6.01% as of September 30, 2011, resulting in a negative change of 4.59%. This indicates that the balance sheet and financial strength for United Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, United Federal Credit Union has increased its total deposits by $77.38 million, resulting in 7.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth United Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. United Federal Credit Union has $1.32 billion in assets with $156.9 million in equity, resulting in a capitalization level of 11.93%, which is above average.