First United Credit Union

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CURRENT TOP RATE

60 Month Certificate

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.00%	Reward Checking	2.06% - National Average
3.10%	5-year CD	3.10% - Synchrony Bank 60 Month CD
1.95%	1-year CD	2.65% - Barclays 12 Month Online CD

View all First United Credit Union rates »

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 158^th largest credit union in the state of Michigan. It is also the 2,650^th 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 money market rates are 3X 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.
See current membership details

Related Posts

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2017

3/13 - First United CU (MI) Adds "Sky's The Limit" CD Specials

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Health

C+

Data as of Q2 2018

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 Chartered	1937
Employees	13
Primary Regulator

Profit Margin
Return on Assets - YTD	1.08%
Return on Equity - YTD	10.98%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$37.2MM$38.5MM
Loans	Q2 2018vs Q2 2017	$28.1MM$28.5MM
Deposits	Q2 2018vs Q2 2017	$31.2MM$32.3MM
Equity Capital	Q2 2018vs Q2 2017	$3.6MM$3.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$334.00K$440.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$483.00K$587.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW 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 Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.20%^*	$50k^*	-	Money Market Savings
OTHER TIERS: 1.00% → $2.5k - $25k \| 1.10% → $25k - $50k

First United Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%	-	-	Rewards Checking

First United Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.10%^*	$50k^*	$250k	60 Month Certificate
OTHER TIERS: 3.00% → $500 - $50k
2.85%^*	$50k^*	-	48 Month Certificate
OTHER TIERS: 2.75% → $500 - $50k
2.75%^*	$50k^*	$250k	24 Month Certificate - Limited Time Only - with eChecking & Rate Bump
OTHER TIERS: 2.65% → $500 - $50k
2.60%^*	$50k^*	-	36 Month Certificate
OTHER TIERS: 2.50% → $500 - $50k
2.40%^*	$50k^*	-	24 Month Certificate
OTHER TIERS: 2.30% → $500 - $50k
2.30%	$100	-	24 Month Add-On Certificate
1.95%^*	$50k^*	-	12 Month Certificate
OTHER TIERS: 1.90% → $500 - $50k
1.65%^*	$50k^*	-	6 Month Certificate
OTHER TIERS: 1.60% → $500 - $50k

First United Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.10%^*	$50k^*	-	60 Month IRA Certificate
OTHER TIERS: 3.00% → $500 - $50k
2.85%^*	$50k^*	-	48 Month IRA Certificate
OTHER TIERS: 2.75% → $500 - $50k
2.60%^*	$50k^*	-	36 Month IRA Certificate
OTHER TIERS: 2.50% → $500 - $50k
2.40%^*	$50k^*	-	24 Month IRA Certificate
OTHER TIERS: 2.30% → $500 - $50k
1.95%^*	$50k^*	-	12 Month IRA Certificate
OTHER TIERS: 1.90% → $500 - $50k
1.65%^*	$50k^*	-	6 Month IRA Certificate
OTHER TIERS: 1.60% → $500 - $50k

Locations

First United Credit Union Locations
Branch Office	3140 Ivanrest Ave SW	Grandville, MI 49418

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