First United Credit Union


Overview / Commentary
616-532-9067
3140 Ivanrest Ave SW
Grandville, MI 49418

First United Credit Union is headquartered in Grandville and is the 150th largest credit union in the state of Michigan. It is also the 2,532nd largest credit union in the nation. It was established in 1937 and as of December of 2019, it had grown to 12 employees and 4,481 members at 1 location. First United Credit Union 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.
See current membership details

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
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 - YTD1.02%
Return on Equity - YTD9.96%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$41.1MM$37.6MM
LoansQ4 2019vs Q4 2018$32.2MM$28.8MM
DepositsQ4 2019vs Q4 2018$34.6MM$31.4MM
Equity CapitalQ4 2019vs Q4 2018$4.1MM$3.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$366.00K$322.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$683.00K$579.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for First United Credit Union are currently being reviewed.

Locations


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

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