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First United Credit Union


Overview / Commentary
www.firstunitedcu.org
616-532-9067
3140 Ivanrest Ave SW
Grandville, MI 49418-1445

First United Credit Union is headquartered in Grandville and is the 144th largest credit union in the state of Michigan. It is also the 2,407th largest credit union in the nation. It was established in 1937 and as of December of 2021, it had grown to 15 employees and 4,871 members at 1 location. First United Credit Union's CD rates are 22% higher than the national average, and it has an A 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 (MI) Boosts CD Specials Rates - 3/10/2022

First United Credit Union (easy membership in Michigan) has boosted the rates on its 18-month and 24-month Certificate Specials. Extra 25 bps for checking relationship.

First United Credit Union (MI) Has Two Market-Leading CD Specials - 8/4/2021

First United Credit Union is offering two very competitive Certificate Specials with a 0.25% bonus rate for a checking relationship.

First United Credit Union (MI) Offers High Yield Rewards Checking - 7/31/2021

First United Credit Union's Rewards Checking account has no monthly service fee, minimum balance requirement, or minimum opening deposit.

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Health
A

Data as of Q4 2021

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 relatively low asset base.

Health Grade Components

Overall
NCUA #68640
Year Chartered1937
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.92%
Return on Equity - YTD17.78%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$56.2MM$48.4MM
LoansQ4 2021vs Q4 2020$44.1MM$36.6MM
DepositsQ4 2021vs Q4 2020$47.9MM$40.0MM
Equity CapitalQ4 2021vs Q4 2020$6.0MM$5.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$580.00K$524.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$114.00K$310.00K
Real Estate OwnedQ4 2021vs Q4 2020$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
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
1.90%$500$250k24 Month Certificate Special w/ Rewards Checking
1.75%*$50k*$250k60 Month Certificate
OTHER TIERS: 1.65% → $500 - $50k
1.70%$500$250k18 Month Certificate Special w/ Rewards Checking
1.65%$500$250k24 Month Certificate Special - base rate
1.60%*$50k*-48 Month Certificate
OTHER TIERS: 1.50% → $500 - $50k
1.45%$500$250k18 Month Certificate Special - base rate
1.40%*$50k*-36 Month Certificate
OTHER TIERS: 1.30% → $500 - $50k
1.25%*$50k*-24 Month Certificate
OTHER TIERS: 1.15% → $500 - $50k
1.15%$100-24 Month Add-On Certificate
1.10%*$50k*-12 Month Certificate
OTHER TIERS: 1.00% → $500 - $50k
0.95%*$50k*-6 Month Certificate
OTHER TIERS: 0.85% → $500 - $50k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$50k*-60 Month IRA Certificate
OTHER TIERS: 1.65% → $500 - $50k
1.60%*$50k*-48 Month IRA Certificate
OTHER TIERS: 1.50% → $500 - $50k
1.40%*$50k*-36 Month IRA Certificate
OTHER TIERS: 1.30% → $500 - $50k
1.25%*$50k*-24 Month IRA Certificate
OTHER TIERS: 1.15% → $500 - $50k
1.10%*$50k*-12 Month IRA Certificate
OTHER TIERS: 1.00% → $500 - $50k
0.95%*$50k*-6 Month IRA Certificate
OTHER TIERS: 0.85% → $500 - $50k
Locations


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

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