Overview / Commentary
3140 Ivanrest Ave SW
Grandville, MI 49418

First United Credit Union is headquartered in Grandville and is the 155th largest credit union in the state of Michigan. It is also the 2,618th largest credit union in the nation. It was established in 1937 and as of December of 2018, it had grown to 13 employees and 4,654 members at 1 location. First United Credit Union's money market rates are 3X the national average, and it has a C+ health rating.

Field of Membership Restrictions

First United Credit Union is open to individuals who live, work, worship, or attend school in the Michigan counties of Allegan, Barry, Berrien, Calhoun. Clare, Clinton, Eaton, Gratiot, Ingham, Iona, Isabella, Kalamazoo, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, Ottawa, and Van Buren.
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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

NCUA #68640
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.12%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$37.6MM$37.1MM
LoansQ4 2018vs Q4 2017$28.8MM$29.1MM
DepositsQ4 2018vs Q4 2017$31.4MM$31.2MM
Equity CapitalQ4 2018vs Q4 2017$3.7MM$3.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$322.00K$405.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$579.00K$558.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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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

0.50%--Traditional IRA Share
0.50%--Coverdell IRA Share
0.50%--Roth IRA Share
0.50%--SEP IRA Share
0.25%--Christmas Club
0.15%$100-Regular Share
0.15%$100-Secondary Shares Account
0.15%--Vacation Club

First United Credit Union Money Market Rates

1.40%*$50k*-Money Market Savings
OTHER TIERS: 1.20% $2.5k - $25k | 1.30% $25k - $50k

First United Credit Union CD Rates

3.10%*$50k*$250k60 Month Certificate
OTHER TIERS: 3.00% $500 - $50k
3.00%$500$250k24 Month Certificate - Limited Time Only - with eChecking & Rate Bump
2.90%*$50k*-48 Month Certificate
OTHER TIERS: 2.80% $500 - $50k
2.70%*$50k*-36 Month Certificate
OTHER TIERS: 2.60% $500 - $50k
2.50%*$50k*-24 Month Certificate
OTHER TIERS: 2.40% $500 - $50k
2.40%$100-24 Month Add-On Certificate
2.15%*$50k*-12 Month Certificate
OTHER TIERS: 2.10% $500 - $50k
1.85%*$50k*-6 Month Certificate
OTHER TIERS: 1.80% $500 - $50k

First United Credit Union IRA Rates

3.10%*$50k*-60 Month IRA Certificate
OTHER TIERS: 3.00% $500 - $50k
2.90%*$50k*-48 Month IRA Certificate
OTHER TIERS: 2.80% $500 - $50k
2.70%*$50k*-36 Month IRA Certificate
OTHER TIERS: 2.60% $500 - $50k
2.50%*$50k*-24 Month IRA Certificate
OTHER TIERS: 2.40% $500 - $50k
2.15%*$50k*-12 Month IRA Certificate
OTHER TIERS: 2.10% $500 - $50k
1.85%*$50k*-6 Month IRA Certificate
OTHER TIERS: 1.80% $500 - $50k

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

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