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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 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.

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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Health
B+

Data as of Q3 2020

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
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD16.11%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$47.3MM$39.6MM
LoansQ3 2020vs Q3 2019$36.6MM$31.1MM
DepositsQ3 2020vs Q3 2019$39.5MM$32.0MM
Equity CapitalQ3 2020vs Q3 2019$4.7MM$4.1MM
Loan Loss AllowanceQ3 2020vs Q3 2019$486.00K$348.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$119.00K$473.00K
Real Estate OwnedQ3 2020vs Q3 2019$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
0.15%--Christmas Club
0.10%$100-Regular Share
0.10%$100-Secondary Shares Account
0.10%--Vacation Club
0.10%--Traditional IRA Share
0.10%--Coverdell IRA Share
0.10%--Roth IRA Share
0.10%--SEP IRA Share

First United Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market Savings
OTHER TIERS: 0.25% → $2.5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k

First United Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%-$10kRewards 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
1.00%*$50k*$250k60 Month Certificate
OTHER TIERS: 0.90% → $500 - $50k
0.85%*$50k*-48 Month Certificate
OTHER TIERS: 0.75% → $500 - $50k
0.75%*$50k*-36 Month Certificate
OTHER TIERS: 0.65% → $500 - $50k
0.65%*$50k*-24 Month Certificate
OTHER TIERS: 0.55% → $500 - $50k
0.55%$100-24 Month Add-On Certificate
0.50%*$50k*-12 Month Certificate
OTHER TIERS: 0.45% → $500 - $50k
0.45%*$50k*-6 Month Certificate
OTHER TIERS: 0.40% → $500 - $50k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$50k*-60 Month IRA Certificate
OTHER TIERS: 0.90% → $500 - $50k
0.85%*$50k*-48 Month IRA Certificate
OTHER TIERS: 0.75% → $500 - $50k
0.75%*$50k*-36 Month IRA Certificate
OTHER TIERS: 0.65% → $500 - $50k
0.65%*$50k*-24 Month IRA Certificate
OTHER TIERS: 0.55% → $500 - $50k
0.50%*$50k*-12 Month IRA Certificate
OTHER TIERS: 0.45% → $500 - $50k
0.45%*$50k*-6 Month IRA Certificate
OTHER TIERS: 0.40% → $500 - $50k
Locations


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

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