First United Credit Union is headquartered in Grandville and is the 147th largest credit union in the state of Michigan. It is also the 2,498th largest credit union in the nation. It was established in 1937 and as of September of 2020, it had grown to 14 employees and 4,682 members at 1 location. First United Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.
First United Credit Union is open to individuals who live, work, worship, or attend school anywhere in the state of Michigan.
See current membership details
Overall | |
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NCUA # | 68640 |
Year Chartered | 1937 |
Employees | 14 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.58% |
Return on Equity - YTD | 16.11% |
Annual Interest Income | $1.8MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $47.3MM$39.6MM |
Loans | Q3 2020vs Q3 2019 | $36.6MM$31.1MM |
Deposits | Q3 2020vs Q3 2019 | $39.5MM$32.0MM |
Equity Capital | Q3 2020vs Q3 2019 | $4.7MM$4.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $486.00K$348.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $119.00K$473.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.50%* | $100k* | - | Money Market Savings | ||
OTHER TIERS: 0.25% → $2.5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.00% | - | $10k | Rewards Checking | |
1.00% | $5k | $50k | Business High-Interest Checking | |
0.50% | $50k | $250k | Business Executive Checking | |
0.15% | $2.5k | - | Essential Business Checking |
First United Credit Union Locations | ||
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Branch Office | 3140 Ivanrest Ave SW | Grandville, MI 49418 |