Featured Savings Rates
Featured Accounts

First United Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.05%5-year CD60 Month Certificate
0.70%1-year CD12 Month Certificate
0.15%SavingsRegular Share Savings Account

Overview / Commentary
616-532-9067
3140 Ivanrest Ave SW
Grandville, MI 49418

First United Credit Union is headquartered in Grandville and is the 173rd largest credit union in the state of Michigan. It is also the 2,948th largest credit union in the nation. It was established in 1937 and as of June of 2016, it had grown to 9 employees and 4,780 members at 1 location. First United Credit Union has a B+ health rating.

Field of Membership Restrictions

First United Credit Union of Michigan is open to the residents, church members, registered students, and the people that maintain employment within these qualified counties: Kent, Allegan, Barry, Berrien, Calhoun. Claire, Clinton, Eaton, Gratiot, Ingham, Iona, Isabella, Kalamooz, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, Ottawa, and Van Buren.
See current membership details

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Health
B+
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 United Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #68640
Year Chartered1937
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD11.08%
Annual Interest Income$795.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$29.2MM$27.4MM
LoansQ2 2016vs Q2 2015$22.1MM$19.8MM
DepositsQ2 2016vs Q2 2015$25.9MM$24.2MM
Equity CapitalQ2 2016vs Q2 2015$3.1MM$2.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$308.00K$302.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$191.00K$283.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First United Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Christmas Club Account
0.25%--Traditional IRA Share Account
0.15%$100-Regular Share Savings Account
0.15%--Vacation Club Account

First United Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Money Market Savings
OTHER TIERS: 0.20% $2,500 - $25k | 0.25% $25k - $50k

First United Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Interest Share Draft
OTHER TIERS: 0.20% $2,500 - $10k | 0.25% $10k - $25k

First United Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$20k*-60 Month Certificate
OTHER TIERS: 2.00% $500 - $20k
1.75%*$20k*-48 Month Certificate
OTHER TIERS: 1.70% $500 - $20k
1.30%*$20k*-36 Month Certificate
OTHER TIERS: 1.25% $500 - $20k
0.95%*$20k*-24 Month Certificate
OTHER TIERS: 0.90% $500 - $20k
0.70%*$20k*-12 Month Certificate
OTHER TIERS: 0.65% $500 - $20k
0.50%*$20k*-6 Month Certificate
OTHER TIERS: 0.45% $500 - $20k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$20k*-60 Month IRA Certificate
OTHER TIERS: 2.00% $500 - $20k
1.75%*$20k*-48 Month IRA Certificate
OTHER TIERS: 1.70% $500 - $20k
1.30%*$20k*-36 Month IRA Certificate
OTHER TIERS: 1.25% $500 - $20k
0.95%*$20k*-24 Month IRA Certificate
OTHER TIERS: 0.90% $500 - $20k
0.70%*$20k*-12 Month IRA Certificate
OTHER TIERS: 0.65% $500 - $20k
0.50%*$20k*-6 Month IRA Certificate
OTHER TIERS: 0.45% $500 - $20k
Locations


First United Credit Union Locations
Branch Office3140 Ivanrest Ave SWGrandville, MI 49418