First United Credit Union 18-month CD Special Earns Up To 2.60% APY


Deal Summary: 18-month CD Special, 2.50% base APY, additional 10 bps for checking relationship, possible 2.60% APY.

Availability: All Michigan residents.

For a limited time, First United Credit Union (First United) has an 18-month CD Special, which can earn up to 2.60% APY. The minimum opening deposit is $500, with a maximum investment of $250k.

The base APY for the CD Special is 2.50% APY, with an extra 10 bps added with a checking relationship, but the checking account,

Must have a minimum of $250 ACH Direct Deposit and an Active Checking/Debit
Card and Online Banking with eStatements/eNotices to receive additional .10%

While First United has five different checking accounts, only the New Rewards Checking, eChecking, and Basic Checking accounts qualify 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 180 days dividends earned for terms over 12 months.

24-month Add-On Certificate

First United is still offering its 24-month Add-On Certificate, but the rate has dropped from 2.20% APY to 1.90% APY in the last five months. The minimum opening deposit is $500, with a balance cap of $250k.

0.55%$100-First United Credit Union24 Month Add-On Certificate
Rates as of April 22, 2021.

Unlimited additional deposits in any amounts can be made throughout the term, but there is a limit on the yearly aggregate total.

A single member may add up to $10,000 total to the sum of each Add-On Certificate per year.

CSR confirmed that “single member” refers to an individual member and not necessarly an unmarried member.


Headquartered in Grandville, Michigan, First United Credit Union expanded its field of membership (FOM) several months ago, with individuals who live, work, worship, or attend school anywhere in the state of Michigan now eligible to join.

Joining First United can be done online, or in person at the sole Michigan branch located in Grandville, a southwest suburb of Grand Rapids.

Opening a CD Special can be done at the Grandville branch or by phone. According to CSR, after a new membership application has been approved, a CD can be opened over the phone. Funding a CD can done by ACH, wire transfer, or check, and maturing funds can be distributed through the same three methods.

A share savings account is the first account you’ll open to be part of the First United family. The only requirement is maintaining a $5 deposit. This enables you to take part in our full line of financial services.

First United is a member of the CO-OP ATM Network and the Xtend Shared Branch network.

Xtend Shared Branches offer you the convenience of a
network with hundreds of locations throughout Michigan.

Credit Union Overview

First United Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 9.36% (excellent) based on June 30, 2019 data. In the past year, First United has increased its total non-brokered deposits by $2.15 million, an excellent annual growth rate of 7.29%. Please refer to our financial overview of First United Credit Union (NCUA Charter # 68640) for more details.

Established in 1937, First United Credit Union’s original FOM included the employees of the Leonard Refrigerator Plant exclusively. (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 the Leonard plant by the Kelvinator Company.

About six years ago, the Credit Union rebranded as First United, following a change to a state charter and an FOM expansion from one Michigan county to 23 Michigan counties. While the 2013 FOM expansion was substantial, First United recently topped itself.

We are excited to announce First United Credit Union can now serve
anyone who lives, works, worships, or attends school in the State of Michigan.

How the CD Special Compares

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

The above rates are accurate as of 11/8/2019.

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

Related Pages: Grand Rapids CD rates, 1-year CD rates, 5-year CD rates

Bozo Indicator
  |     |   Comment #1
Yields continue to surge, as predicted by the Vanguard Prime Money Market, aka Bozo Indicator.
First United Credit Union 24-Month CD Special Earns Up to 3.00% APY
Deal Summary: 24-month CD Special, 2.65% base APY, limited-time 25 bonus bps, additional 10 bps for checking relationship, possible 3.00% APY.

Availability: Newly expanded field of membership includes all Michigan residents.

For a limited time, First United Credit Union (First United) is offering a 24-month CD Special, which can earn up to 3.00% APY. The 24-month CD Special can be opened with a $500 minimum deposit and is “insured up of $250,000.”

The base APY for the CD Special is 2.65% APY and an additional 25...

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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.”

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