Union Bank (MI)


Overview / Commentary
616-374-3278
933 Fourth Ave
Lake Odessa, MI 48849

Union Bank (MI) is headquartered in Lake Odessa and is the 49th largest bank in the state of Michigan. It is also the 2,296th largest bank in the nation. It was established in 1934 and as of December of 2021, it had grown to 66 employees at 8 locations. Union Bank (MI) has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #14722
Year Established1934
Employees66
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD7.95%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$342.2MM$296.5MM
LoansQ4 2021vs Q4 2020$176.2MM$177.1MM
DepositsQ4 2021vs Q4 2020$312.5MM$270.2MM
Equity CapitalQ4 2021vs Q4 2020$24.7MM$21.1MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.3MM$2.5MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$4.2MM$2.2MM
Real Estate OwnedQ4 2021vs Q4 2020$0$169.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Union Bank (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Life Savings
OTHER TIERS: 0.05% Up to $200 | 0.08% $200 - $2.5k | 0.10% $2.5k - $25k
0.15%--Christmas Club Electronic
0.10%--Christmas Club Coupon Book

Union Bank (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*$100kSuperior Savings Money Market
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k

Union Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%*$15k*$25k1-2-3 Rewards Checking
OTHER TIERS: 0.03% $25k+ | 0.05% Up to $1k | 1.51% $1k - $15k
0.15%*$75k*$150kUniversal Premium Checking
OTHER TIERS: 0.05% Up to $1k | 0.08% $1k - $15k | 0.12% $15k - $75k

Union Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-60 Month CD
0.50%$500-48 Month CD
0.45%$500-45 Month CD
0.40%$500-36 Month CD
0.35%$500-24 Month CD
0.35%$500-30 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.25%$500-15 Month CD
0.20%$500-182 Day CD
0.20%$500-9 Month CD
0.10%$500-91 Day CD
Locations


Union Bank (MI) Locations
Dimondale Branch127 East RdDimondale, MI 48821
Westphalia Branch202 East Main StreetWestphalia, MI 48894
Mulliken Branch233 West Grand Ledge HighwayMulliken, MI 48861
Hastings Branch529 West State StreetHastings, MI 49058
Union Bank933 4th AvenueLake Odessa, MI 48849
Drive-In Branch1150 Jordan Lake StreetLake Odessa, MI 48849
Ada Branch523 Ada Drive, S.E.Ada, MI 49301

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