United Financial Credit Union (MI)

United Financial Credit Union (MI) Locations

5658 Dixie Highway
Saginaw, MI 48601
800.772.8728
www.unitedfinancialcu.org

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United Financial Credit Union (MI) is headquartered in Saginaw and is the 57^th largest credit union in the state of Michigan. It is also the 1,026^th largest credit union in the nation. It was established in 1964 and as of September of 2011, it had grown to 36 employees and 19,026 members. United Financial Credit Union (MI) has a 4-star health rating.

5.00% 5-Year CD at a Michigan CU - $5K Max (United Financial) - 5/4/2008

United Financial Credit Union is offering a High Five CD promotion with a 5.00% APY, a 5-year term, a minimum deposit of $500, and a maximum deposit of $5,000 per member. It's only available for the month of May.They could have kept their high five theme...

4.00% Reward Checking Account at a Michigan CU (United Financial) - 12/20/2007

Update 3/31/08: The top yield has fallen to 5.00% APY. Refer to the bottom of the post for the rate history.United Financial Credit Union is offering a reward checking account that pays 5.00% APY on balances up to $25,000 (0.25% for over) and refunds ATM...

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See Rates for: Checking | Savings | CD | IRA

United Financial Credit Union (MI) Checking Account Rates

Apy	Min	Max	Product
2.00%	-	$25k	Direct Rewards Checking
0.65%	$100k	-	Share Draft Checking

United Financial Credit Union (MI) Savings Account Rates

Apy	Min	Max	Product
0.65%	$100k	-	Money Maker Savings
0.65%	$100k	-	Traditional IRA Account
0.65%	$100k	-	Roth IRA Account
0.30%	-	-	Grand Account
0.25%	-	-	Savings Plus
0.25%	-	-	Special Savings
0.25%	-	-	Christmas Club
0.25%	-	-	Vacation Club

United Financial Credit Union (MI) CD Rates

Apy	Min	Max	Product
2.50%	$100	$2k	6 Month Youth CD
2.00%	$500	$100k	60 Month CD w/Direct Rewards
1.90%	$500	$100k	60 Month CD
1.75%	$500	$100k	48 Month CD w/Direct Rewards
1.65%	$500	$100k	48 Month CD
1.50%	$500	$100k	36 Month Safe Parking CD w/Direct Rewards
1.40%	$500	$100k	36 Month Safe Parking CD
1.25%	$500	$100k	30 Month CD w/Direct Rewards
1.20%	$500	$100k	24 Month CD w/Direct Rewards
1.15%	$500	$100k	30 Month CD
1.10%	$500	$100k	24 Month CD
1.10%	$500	$100k	20 Month Step Up CD w/Direct Rewards
1.00%	$500	$100k	20 Month Step Up CD
0.85%	$500	$100k	18 Month CD w/Direct Rewards
0.75%	$500	$100k	18 Month CD
0.75%	$500	$100k	12 Month CD w/Direct Rewards
0.65%	$500	$100k	12 Month CD
0.65%	$25	-	12 month Save to Win CD
0.55%	$500	$100k	6 Month CD w/Direct Rewards
0.50%	$500	$100k	3 Month CD w/Direct Rewards
0.45%	$500	$100k	6 Month CD
0.40%	$500	$100k	3 Month CD

United Financial Credit Union (MI) IRA Rates

Apy	Min	Max	Product
2.50%	$100	$2k	6 Month Youth IRA
2.50%	$100	$2k	6 Month Youth Roth IRA
2.00%	$500	$100k	60 Month IRA w/Direct Rewards
2.00%	$500	$100k	60 Month Roth IRA w/Direct Rewards
1.90%	$500	$100k	60 Month IRA
1.90%	$500	$100k	60 Month Roth IRA
1.75%	$500	$100k	48 Month IRA w/Direct Rewards
1.75%	$500	$100k	48 Month Roth IRA w/Direct Rewards
1.65%	$500	$100k	48 Month IRA
1.65%	$500	$100k	48 Month Roth IRA
1.50%	$500	$100k	36 Month Safe Parking IRA w/Direct Rewards
1.50%	$500	$100k	36 Month Safe Parking Roth IRA w/Direct Rewards
1.40%	$500	$100k	36 Month Safe Parking IRA
1.40%	$500	$100k	36 Month Safe Parking Roth IRA
1.25%	$500	$100k	30 Month IRA w/Direct Rewards
1.25%	$500	$100k	30 Month Roth IRA w/Direct Rewards
1.20%	$500	$100k	24 Month IRA w/Direct Rewards
1.20%	$500	$100k	24 Month Roth IRA w/Direct Rewards
1.15%	$500	$100k	30 Month IRA
1.15%	$500	$100k	30 Month Roth IRA
1.10%	$500	$100k	20 Month Step Up IRA w/Direct Rewards
1.10%	$500	$100k	24 Month IRA
1.10%	$500	$100k	20 Month Step Up Roth IRA w/Direct Rewards
1.10%	$500	$100k	24 Month Roth IRA
1.00%	$500	$100k	20 Month Step Up IRA
1.00%	$500	$100k	20 Month Step Up Roth IRA
0.85%	$500	$100k	18 Month IRA w/Direct Rewards
0.85%	$500	$100k	18 Month Roth IRA w/Direct Rewards
0.75%	$500	$100k	12 Month IRA w/Direct Rewards
0.75%	$500	$100k	18 Month IRA
0.75%	$500	$100k	12 Month Roth IRA w/Direct Rewards
0.75%	$500	$100k	18 Month Roth IRA
0.65%	$500	$100k	12 Month IRA
0.65%	$500	$100k	12 Month Roth IRA
0.55%	$500	$100k	6 Month IRA w/Direct Rewards
0.55%	$500	$100k	6 Month Roth IRA w/Direct Rewards
0.50%	$500	$100k	3 Month IRA w/Direct Rewards
0.50%	$500	$100k	3 Month Roth IRA w/Direct Rewards
0.45%	$500	$100k	6 Month IRA
0.45%	$500	$100k	6 Month Roth IRA
0.40%	$500	$100k	3 Month IRA
0.40%	$500	$100k	3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

UNITED FINANCIAL
NCUA #	61657
BankRate Report	View
Year Established	1964
Employees	36
Primary Regulator
Assets and Liabilities
Assets	$156.06 million
Loans	$95.35 million
Deposits	$141.83 million
Equity Capital	$14.17 million
Loan Loss Allowance	$811,000
Unbacked Noncurrent Loans	$1.89 million
Real Estate Owned	$388,000
Historic Data - September 2010
Assets	$115.67 million
Equity Capital	$8.94 million
Loan Loss Allowance	$834,000
Unbacked Noncurrent Loans	$995,000
Profit Margin - Quarterly
Net Interest Margin	4.43%
Return on Assets	0.82%
Return on Equity	9.08%
Interest Income	$5.13 million
Non-Interest Income	$1.45 million

Institution Health

Overall Score:

4 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 Financial Credit Union (MI) had $2.27 million in non-current loans and owned real-estate with $14.98 million in equity and loan loss allowances on hand to cover it. This gives United Financial Credit Union (MI) a Texas Ratio of 15.18% which is average. 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) held steady from 10.18% as of September 30, 2010 to 15.18% as of September 30, 2011, resulting in a negative change of 49.10%. This indicates that the balance sheet and financial strength for United Financial Credit Union (MI) has held steady in recent periods.
Deposit Growth
In the past year, United Financial Credit Union (MI) has increased its total deposits by $36.16 million, resulting in 34.22% 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.
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 Financial Credit Union (MI) has $156.06 million in assets with $14.98 million in equity, resulting in a capitalization level of 9.60%, which is average.

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United Financial Credit Union (MI)

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