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

First United Credit Union is headquartered in Grandville and is the 158th largest credit union in the state of Michigan. It is also the 2,650th largest credit union in the nation. It was established in 1937 and as of June of 2018, it had grown to 13 employees and 4,838 members at 1 location. First United Credit Union's CD rates are 94% higher than 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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Health
C+
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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD10.98%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$37.2MM$38.5MM
LoansQ2 2018vs Q2 2017$28.1MM$28.5MM
DepositsQ2 2018vs Q2 2017$31.2MM$32.3MM
Equity CapitalQ2 2018vs Q2 2017$3.6MM$3.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$334.00K$440.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$483.00K$587.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Traditional IRA Share
0.30%--Coverdell IRA Share
0.30%--Roth IRA Share
0.30%--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 Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%--Rewards Checking

First United Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%*$50k*$250k60 Month Certificate
OTHER TIERS: 2.75% $500 - $50k
2.60%*$50k*-48 Month Certificate
OTHER TIERS: 2.50% $500 - $50k
2.40%*$50k*-36 Month Certificate
OTHER TIERS: 2.30% $500 - $50k
2.20%*$50k*-24 Month Certificate
OTHER TIERS: 2.10% $500 - $50k
2.10%$100-24 Month Add-On Certificate
1.75%*$50k*-12 Month Certificate
OTHER TIERS: 1.70% $500 - $50k
1.45%*$50k*-6 Month Certificate
OTHER TIERS: 1.40% $500 - $50k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%*$50k*-60 Month IRA Certificate
OTHER TIERS: 2.75% $500 - $50k
2.60%*$50k*-48 Month IRA Certificate
OTHER TIERS: 2.50% $500 - $50k
2.40%*$50k*-36 Month IRA Certificate
OTHER TIERS: 2.30% $500 - $50k
2.20%*$50k*-24 Month IRA Certificate
OTHER TIERS: 2.10% $500 - $50k
1.75%*$50k*-12 Month IRA Certificate
OTHER TIERS: 1.70% $500 - $50k
1.45%*$50k*-6 Month IRA Certificate
OTHER TIERS: 1.40% $500 - $50k
Locations


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

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