2. First United Credit Union

First United Credit Union


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 151st largest credit union in the state of Michigan. It is also the 2,568th largest credit union in the nation. It was established in 1937 and as of September of 2019, it had grown to 12 employees and 4,540 members at 1 location. First United Credit Union's money market rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

First United Credit Union is open to individuals who live, work, worship, or attend school anywhere in the state of Michigan.
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Related Posts

First United Credit Union 18-month CD Special Earns Up To 2.60% APY - 11/8/2019

First United Credit Union (MI) is currently offering up to 2.60% APY on its limited-time 18-month CD Special. The minimum deposit is $500 and is capped at $250k.

First United Credit Union 24-Month CD Special Earns Up to 3.00% APY - 6/15/2019

First United Credit Union (MI) has a limited-time 24-month CD Special, which can earn up to 3.00% APY. Minimum deposit is $500 and is insured up to $250k.

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Health
B

Data as of Q3 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 United Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #68640
Year Chartered1937
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD12.28%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$39.6MM$37.5MM
LoansQ3 2019vs Q3 2018$31.1MM$28.2MM
DepositsQ3 2019vs Q3 2018$32.0MM$31.6MM
Equity CapitalQ3 2019vs Q3 2018$4.1MM$3.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$348.00K$302.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$473.00K$431.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First United 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 United Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$50k*-Money Market Savings
OTHER TIERS: 1.05% → $2.5k - $25k | 1.15% → $25k - $50k

First United Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%--Rewards Checking
1.00%$5k$50kBusiness High-Interest Checking
0.50%$50k$250kBusiness Executive Checking
0.15%$2.5k-Essential Business Checking

First United Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$500$250k18 Month CD Special w/ eChecking
2.50%*$50k*$250k60 Month Certificate
OTHER TIERS: 2.40% → $500 - $50k
2.50%$500-18 Month CD Special
2.30%*$50k*-48 Month Certificate
OTHER TIERS: 2.20% → $500 - $50k
2.20%*$50k*-36 Month Certificate
OTHER TIERS: 2.10% → $500 - $50k
2.00%*$50k*-24 Month Certificate
OTHER TIERS: 1.90% → $500 - $50k
1.90%$100-24 Month Add-On Certificate
1.85%*$50k*-12 Month Certificate
OTHER TIERS: 1.80% → $500 - $50k
1.55%*$50k*-6 Month Certificate
OTHER TIERS: 1.50% → $500 - $50k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$50k*-60 Month IRA Certificate
OTHER TIERS: 2.40% → $500 - $50k
2.30%*$50k*-48 Month IRA Certificate
OTHER TIERS: 2.20% → $500 - $50k
2.20%*$50k*-36 Month IRA Certificate
OTHER TIERS: 2.10% → $500 - $50k
2.00%*$50k*-24 Month IRA Certificate
OTHER TIERS: 1.90% → $500 - $50k
1.85%*$50k*-12 Month IRA Certificate
OTHER TIERS: 1.80% → $500 - $50k
1.55%*$50k*-6 Month IRA Certificate
OTHER TIERS: 1.50% → $500 - $50k
Locations


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

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