Featured Savings Rates
Featured Accounts

First United Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.30%2-year CD24 Month CD Special- base rate
1.70%18-month CD18 Month CD Special- base rate
2.15%5-year CD60 Month Certificate

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

First United Credit Union is headquartered in Grandville and is the 170th largest credit union in the state of Michigan. It is also the 2,850th largest credit union in the nation. It was established in 1937 and as of December of 2016, it had grown to 11 employees and 5,039 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 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

First United CU (MI) Adds "Sky's The Limit" CD Specials - 3/13/2017

First United CD (MI) has an 18-month CD Special (1.80% APY) and 24-month CD Special (2.40% APY). $500 min deposit and eChecking is required.

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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
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD9.66%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$31.5MM$28.5MM
LoansQ4 2016vs Q4 2015$25.9MM$21.6MM
DepositsQ4 2016vs Q4 2015$26.7MM$24.9MM
Equity CapitalQ4 2016vs Q4 2015$3.2MM$2.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$408.00K$307.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$393.00K$308.00K
Real Estate OwnedQ4 2016vs Q4 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
0.25%--Traditional IRA Share
0.25%--Coverdell IRA Share
0.25%--Roth IRA Share
0.25%--SEP IRA Share
0.15%$100-Regular Share
0.15%$100-Secondary Shares Account
0.15%--Vacation Club

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
0.35%*$25k*-Interest Share Draft
OTHER TIERS: 0.25% $2,500 - $10k | 0.30% $10k - $25k

First United Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$500$250k24 Month CD Special w/ checking requirements
2.30%$500$250k24 Month CD Special- base rate
2.15%*$20k*-60 Month Certificate
OTHER TIERS: 2.10% $500 - $20k
1.85%*$20k*-48 Month Certificate
OTHER TIERS: 1.80% $500 - $20k
1.80%$500$250k18 Month CD Special w/ checking requirements
1.70%$500$250k18 Month CD Special- base rate
1.55%*$20k*-36 Month Certificate
OTHER TIERS: 1.50% $500 - $20k
1.53%$500-18 Month CD Special
1.25%*$20k*-24 Month Certificate
OTHER TIERS: 1.20% $500 - $20k
0.85%*$20k*-12 Month Certificate
OTHER TIERS: 0.80% $500 - $20k
0.65%*$20k*-6 Month Certificate
OTHER TIERS: 0.60% $500 - $20k

First United Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$20k*-60 Month IRA Certificate
OTHER TIERS: 2.10% $500 - $20k
1.85%*$20k*-48 Month IRA Certificate
OTHER TIERS: 1.80% $500 - $20k
1.55%*$20k*-36 Month IRA Certificate
OTHER TIERS: 1.50% $500 - $20k
1.25%*$20k*-24 Month IRA Certificate
OTHER TIERS: 1.20% $500 - $20k
0.85%*$20k*-12 Month IRA Certificate
OTHER TIERS: 0.80% $500 - $20k
0.65%*$20k*-6 Month IRA Certificate
OTHER TIERS: 0.60% $500 - $20k
Locations


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