Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
4685 State St
Saginaw, MI 48603

United Financial Credit Union (MI) is headquartered in Saginaw and is the 55th largest credit union in the state of Michigan. It is also the 1,016st largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 43 employees and 19,292 members. United Financial Credit Union (MI) has a A health rating.

Field of Membership Restrictions

You are eligible if you live, work or worship in Saginaw County, Bay County, or Midland County, Michigan. You also qualify if you have a family member who already belongs to United Financial. - See Details

Related Posts

Reviews (1)

Not A Credit Union I Would Reccommend...

I have worked with a couple different banks and credit unions and I have to say this one has me the least impressed. For instance, I can go through the State street location and get my cashiers checks through the drive thru but when I go to the Weiss location I am told that I am not supposed to do that. No one is on the same page which makes things confusing. I have my kids with me when I go which is why i prefer the drive thru. However, why should one location have a different policy then another that is only 5 miles away from each other? Also, I have had multipul issues with their online banking. They have site problems about once a month and I have had to call 3 times due to my account not letting me log in. And the last time it took me 2 days to get a response from anyone. That is not acceptable. In my workplace if I failed to call back a customer for 2 days, I would most likely lose their business. Which is something I am currently looking into doing.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 United Financial Credit Union (MI) had $575,000 in non-current loans and owned real-estate with $16.6 million in equity and loan loss allowances on hand to cover it. This gives United Financial Credit Union (MI) a Texas Ratio of 3.46% 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 Financial Credit Union (MI) decreased dramatically from 5.82% as of March 31, 2013 to 3.46% as of March 31, 2014, resulting in a positive change of 40.45%.This indicates that the balance sheet and financial strength for United Financial Credit Union (MI) has improved dramatically in recent periods.

Deposit Growth


In the past year, United Financial Credit Union (MI) has increased its total deposits by $5.87 million, resulting in 3.8% 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 Financial Credit Union (MI) has shown is excellent.



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 Financial Credit Union (MI) has $178.58 million in assets with $16.6 million in equity, resulting in a capitalization level of 9.30%, which is average.

Institution Statistics

NCUA #61657
Year Chartered1964
Primary Regulator
Assets and Liabilities
Assets$178.58 million
Loans$106.64 million
Deposits$160.30 million
Equity Capital$15.74 million
Loan Loss Allowance$868,000
Unbacked Noncurrent Loans$410,000
Real Estate Owned$165,000
Historic Data - March 2013
Assets$171.72 million
Equity Capital$14.83 million
Loan Loss Allowance$978,000
Unbacked Noncurrent Loans$410,000
Real Estate Owned$353,000
Profit Margin - Quarterly
Return on Assets0.69%
Return on Equity7.83%
Interest Income$1.45 million

Always verify rates and promotions with the bank or credit union. We are not United Financial Credit Union (MI), we are a rate comparison website and can not provide official rates or promotions.

United Financial Credit Union (MI) Savings Account Rates

0.25%$100k-Traditional IRA Account
0.25%$100k-Roth IRA Account
0.10%--Grand Account
0.05%--Savings Plus
0.05%--Special Savings
0.05%--Christmas Club
0.05%--Vacation Club

United Financial Credit Union (MI) Money Market Rates

0.25%$100k-Money Maker Savings

United Financial Credit Union (MI) Checking Account Rates

1.01%-$25kDirect Rewards Checking - Qualifying
0.20%$100k-Share Draft Checking

United Financial Credit Union (MI) CD Rates

5.00%--6 Month 4H CD
2.00%$500-72 Month CD
1.50%$500$100k60 Month CD w/Direct Rewards
1.40%$500$100k60 Month CD
1.30%$500$100k48 Month CD w/Direct Rewards
1.20%$500$100k48 Month CD
1.01%$100$2k6 Month Youth CD
1.00%$500$100k36 Month Safe Parking CD w/Direct Rewards
0.90%$500$100k36 Month Safe Parking CD
0.90%$500$100k30 Month CD w/Direct Rewards
0.80%$500$100k30 Month CD
0.80%$500$100k24 Month CD w/Direct Rewards
0.70%$500$100k24 Month CD
0.60%$500$100k20 Month Step Up CD w/Direct Rewards
0.50%$500$100k20 Month Step Up CD
0.35%$500$100k18 Month CD
0.35%$500$100k18 Month CD w/Direct Rewards
0.25%$500$100k12 Month CD w/Direct Rewards
0.20%$500$100k6 Month CD w/Direct Rewards
0.15%$500$100k12 Month CD
0.15%$500$100k3 Month CD w/Direct Rewards
0.15%$25-12 month Save to Win CD
0.10%$500$100k6 Month CD
0.05%$500$100k3 Month CD

United Financial Credit Union (MI) IRA Rates

2.00%$500-72 Month IRA
1.50%$500$100k60 Month IRA w/Direct Rewards
1.40%$500$100k60 Month IRA
1.30%$500$100k48 Month IRA w/Direct Rewards
1.20%$500$100k48 Month IRA
1.01%$100$2k6 Month Youth IRA
1.00%$500$100k36 Month Safe Parking IRA w/Direct Rewards
0.90%$500$100k30 Month IRA w/Direct Rewards
0.90%$500$100k36 Month Safe Parking IRA
0.80%$500$100k24 Month IRA w/Direct Rewards
0.80%$500$100k30 Month IRA
0.70%$500$100k24 Month IRA
0.60%$500$100k20 Month Step Up IRA w/Direct Rewards
0.50%$500$100k20 Month Step Up IRA
0.35%$500$100k18 Month IRA
0.35%$500$100k18 Month IRA w/Direct Rewards
0.25%$500$100k12 Month IRA w/Direct Rewards
0.20%$500$100k6 Month IRA w/Direct Rewards
0.15%$500$100k3 Month IRA w/Direct Rewards
0.15%$500$100k12 Month IRA
0.10%$500$100k6 Month IRA
0.05%$500$100k3 Month IRA

United Financial Credit Union (MI) Locations
Branch Office7600 MIDLAND RDFREELAND, MI 48623
Branch Office4716 GARFIELD RDAUBURN, MI 48611
Branch Office124 3RD STCHESANING, MI 48616-1065
Branch Office5658 DIXIE HWYSAGINAW, MI 48601
Branch Office5658 DIXIE HWYSAGINAW, MI 48601
Branch Office2510 Weiss StSaginaw, MI 48602
Branch Office4685 STATE STSAGINAW, MI 48603
Branch Office4685 State StSaginaw, MI 48603