First General Credit Union is headquartered in Norton Shores and is the 138th largest credit union in the state of Michigan. It is also the 2,260th largest credit union in the nation. It was established in 1953 and as of September of 2020, it had grown to 13 employees and 5,873 members at 2 locations. First General Credit Union has an A health rating.
First General Credit Union is open to anyone who lives, worships, works or studies in Ottawa, Muskegon, Oceana, Kent, or Newaygo counties.
See current membership details
Overall | |
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NCUA # | 61455 |
Year Chartered | 1953 |
Employees | 13 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.08% |
Return on Equity - YTD | 0.54% |
Annual Interest Income | $1.5MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $59.9MM$54.3MM |
Loans | Q3 2020vs Q3 2019 | $33.8MM$30.4MM |
Deposits | Q3 2020vs Q3 2019 | $50.9MM$45.5MM |
Equity Capital | Q3 2020vs Q3 2019 | $8.3MM$8.3MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $134.00K$92.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $154.00K$285.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not First General Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | $100 | - | Traditional IRA Savings | |
0.30% | $100 | - | Roth IRA Savings | |
0.10% | $25 | - | Christmas Club | |
0.05% | $25 | - | Primary Saving | |
0.05% | $25 | - | Vacation Club | |
0.05% | $25 | - | Sub-Share Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $50k* | - | Money Market Account | ||
OTHER TIERS: 0.10% → $2.5k - $20k | 0.15% → $20k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.80% | $500 | - | 60 Month IRA | |
0.65% | $500 | - | 48 Month IRA | |
0.55% | $500 | - | 36 Month IRA | |
0.45% | $500 | - | 24 Month IRA | |
0.40% | $500 | - | 12 Month IRA | |
0.35% | $500 | - | 6 Month IRA |
First General Credit Union Locations | ||
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Branch Office | 589 E Ellis Rd | Norton Shores, MI 49441-5671 |
Branch Office | 121 W Western Ave | Muskegon, MI 49442-1084 |