Featured Savings Rates
Featured Accounts

First United Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.05%5-year CD60 Month Certificate
0.70%1-year CD12 Month Certificate
0.15%SavingsRegular Share Savings Account

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

First United Credit Union is headquartered in Grandville and is the 173rd largest credit union in the state of Michigan. It is also the 2,936th largest credit union in the nation. It was established in 1937 and as of September of 2016, it had grown to 10 employees and 4,839 members at 1 location. First United Credit Union has a B+ health rating.

Field of Membership Restrictions

First United Credit Union of Michigan is open to the residents, church members, registered students, and the people that maintain employment within these qualified counties: Kent, Allegan, Barry, Berrien, Calhoun. Claire, Clinton, Eaton, Gratiot, Ingham, Iona, Isabella, Kalamooz, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, Ottawa, and Van Buren.
See current membership details

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Health
B+
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
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD11.29%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$29.5MM$27.9MM
LoansQ3 2016vs Q3 2015$23.0MM$21.1MM
DepositsQ3 2016vs Q3 2015$25.9MM$24.0MM
Equity CapitalQ3 2016vs Q3 2015$3.2MM$2.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$359.00K$306.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$346.00K$252.00K
Real Estate OwnedQ3 2016vs Q3 2015$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
0.25%--Christmas Club Account
0.25%--Traditional IRA Share Account
0.25%--Coverdell IRA Share Account
0.25%--Roth IRA Share Account
0.25%--SEP IRA Share Account
0.15%$100-Regular Share Savings Account
0.15%--Vacation Club Account

First United Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market Savings
OTHER TIERS: 0.30% $2,500 - $25k | 0.35% $25k - $50k

First United Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Interest Share Draft
OTHER TIERS: 0.20% $2,500 - $10k | 0.25% $10k - $25k

First United Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$20k*-60 Month Certificate
OTHER TIERS: 2.00% $500 - $20k
1.75%*$20k*-48 Month Certificate
OTHER TIERS: 1.70% $500 - $20k
1.30%*$20k*-36 Month Certificate
OTHER TIERS: 1.25% $500 - $20k
0.95%*$20k*-24 Month Certificate
OTHER TIERS: 0.90% $500 - $20k
0.70%*$20k*-12 Month Certificate
OTHER TIERS: 0.65% $500 - $20k
0.50%*$20k*-6 Month Certificate
OTHER TIERS: 0.45% $500 - $20k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$20k*-60 Month IRA Certificate
OTHER TIERS: 2.00% $500 - $20k
1.75%*$20k*-48 Month IRA Certificate
OTHER TIERS: 1.70% $500 - $20k
1.30%*$20k*-36 Month IRA Certificate
OTHER TIERS: 1.25% $500 - $20k
0.95%*$20k*-24 Month IRA Certificate
OTHER TIERS: 0.90% $500 - $20k
0.70%*$20k*-12 Month IRA Certificate
OTHER TIERS: 0.65% $500 - $20k
0.50%*$20k*-6 Month IRA Certificate
OTHER TIERS: 0.45% $500 - $20k
Locations


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