2. First General Credit Union

First General Credit Union


Overview / Commentary
1stgeneral.com
231-798-4321
589 E Ellis Rd
Norton Shores, MI 49441

First General Credit Union is headquartered in Norton Shores and is the 137th largest credit union in the state of Michigan. It is also the 2,228th largest credit union in the nation. It was established in 1953 and as of June of 2019, it had grown to 21 employees and 6,360 members at 2 locations. First General Credit Union's money market rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q2 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First General Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #61455
Year Chartered1953
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD-1.23%
Return on Equity - YTD-8.3%
Annual Interest Income$993.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$55.9MM$58.1MM
LoansQ2 2019vs Q2 2018$29.5MM$29.7MM
DepositsQ2 2019vs Q2 2018$46.7MM$48.3MM
Equity CapitalQ2 2019vs Q2 2018$8.4MM$8.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$115.00K$166.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$255.00K$335.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
Skip to rates for:
Report an Issue

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.

First General Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$25-Christmas Club
0.80%$100-Roth IRA Savings
0.80%$100-Traditional IRA Savings
0.05%$25-Primary Saving
0.05%$25-Vacation Club
0.05%$25-Sub-Share Account

First General Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$50k*-Money Market Account
OTHER TIERS: 0.75% → $2.5k - $20k | 0.85% → $20k - $50k

First General Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$500-60 Month CD
2.22%$500-48 Month CD
2.12%$500-36 Month CD
1.56%$500-24 Month CD
1.51%$100-12 Month Youth CD
1.51%$500-12 Month CD
1.26%$500-6 Month CD
0.50%$25-12 Month Save to Win CD

First General Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.42%$500-60 Month IRA
2.22%$500-48 Month IRA
2.12%$500-36 Month IRA
1.56%$500-24 Month IRA
1.51%$500-12 Month IRA
1.26%$500-6 Month IRA
Locations


First General Credit Union Locations
Branch Office589 E Ellis RdNorton Shores, MI 49441-5671
Branch Office121 W Western AveMuskegon, MI 49442-1084

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.