First United Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.05%	5-year CD	60 Month Certificate 1.85% - Synchrony Bank 60 Month CD
0.70%	1-year CD	12 Month Certificate 1.05% - Ally Bank High Yield 12-Month CD
0.15%	Savings	Regular Share Savings Account 1.00% - Ally Bank Online Savings Account

View all First United Credit Union rates »

Overview / Commentary

www.firstunitedcu.org

616-532-9067

3140 Ivanrest Ave SW
Grandville, MI 49418

First United Credit Union is headquartered in Grandville and is the 173^rd largest credit union in the state of Michigan. It is also the 2,948^th 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+

Data as of Q2 2016

Learn more about bank health

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 Chartered	1937
Employees	9
Primary Regulator

Profit Margin
Return on Assets - YTD	1.17%
Return on Equity - YTD	11.08%
Annual Interest Income	$795.00K

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$29.2MM$27.4MM
Loans	Q2 2016vs Q2 2015	$22.1MM$19.8MM
Deposits	Q2 2016vs Q2 2015	$25.9MM$24.2MM
Equity Capital	Q2 2016vs Q2 2015	$3.1MM$2.7MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$308.00K$302.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$191.00K$283.00K
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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Money Market
Checking
CD
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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$25k^*	-	Interest Share Draft
OTHER TIERS: 0.20% → $2,500 - $10k \| 0.25% → $10k - $25k

First United Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Office	3140 Ivanrest Ave SW	Grandville, MI 49418