First United CU (MI) Adds "Sky's The Limit" CD Specials


Deal Summary:

18-month CD Special, 1.80% APY, checking relationship, $500 minimum

18-month CD Special, 1.70% APY, no checking relationship, $500 minimum

24-month CD Special, 2.40% APY, checking relationship, $500 minimum

24-month CD Special, 2.30% APY, no checking relationship, $500 minimum

Availability: Residents of 23 West Michigan counties.

For a limited time, First United Credit Union (First United) is offering two Sky’s The Limit CD Specials (18-month and 24-month), each with two rate tiers. The minimum deposit is $500, with a “maximum investment of $250,000.”

Qualifying for the higher APY on the CD Specials requires,

  • Active eChecking (including a minimum $250 Direct Deposit)
  • Online Banking (including eStatements and eNotices)

While First United has five different checking accounts, only the eChecking account qualifies for this promotion.

As stated in the Important Disclosure brochure, the Early Withdrawal Penalty reads as follows:

For all certificate accounts, the amount of early withdrawal penalty is 90 days dividends earned for CD terms of 12 months or less and 180 days dividends earned for terms over 12 months.


Headquartered in Grandville, Michigan, First United Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in any of the following 23 counties eligible to join.

Michigan Counties - 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.

Joining First United and opening a CD Special can be done online, or in person at the sole Michigan branch located in Grandville.

First United is a member of the Xtend Shared Branch network that gives members access to hundreds of location throughout Michigan.

Credit Union Overview

First United Credit Union has an overall health grade of "B" at, with a Texas ratio of 10.87% (excellent) based on December 31, 2016 data. In the past year, First United has increased its total non-brokered deposits by $1.65 million, an excellent annual growth rate of 6.63%. Please refer to our financial overview of First United Credit Union (NCUA Charter # 68640) for more details.

First United Credit Union is celebrating its 80th anniversary this year, having been established in 1937 for the benefit of the Leonard Refrigerator Plant employees. (While not a well-known name today, the Leonard Refrigerator Plant had a payroll of $4 million and over 2,800 employees in 1937.) The Credit Union was later known as the Kelvinator Employees Credit Union, following the acquisition of Leonard by the Kelvinator Company.

July 2013 saw big changes for the Credit Union: the charter was changed to a state charter, the FOM was expanded from one Michigan county to 23 Michigan counties, and the First United name and logo were debuted.

How the CD Specials Compare

When compared to the 177 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, United First Credit Union’s 18-Month CD Special APYs currently rank second and third.

When compared to the 249 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, United First Credit Union’s 24-Month CD Special APYs currently rank first and second.

The above rates are accurate as of 3/13/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our new Rates Map page.

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