Union Bank (MI)

Overview / Commentary

www.ubmich.com

616-374-3278

933 Fourth Ave
Lake Odessa, MI 48849

Union Bank (MI) is headquartered in Lake Odessa and is the 50^th largest bank in the state of Michigan. It is also the 2,423^rd largest bank in the nation. It was established in 1934 and as of December of 2020, it had grown to 63 employees at 8 locations. Union Bank (MI) has a B+ health rating.

Union Bank (MI) 1-2-3 Rewards Checking Has Competitive Blended APY - 1/18/2021

Union Bank (MI) offers its 1-2-3 Rewards Checking account with a very competitive blended APY on a nationwide basis through its new Virtual Branch app.

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Health

B+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #	14722
Year Established	1934
Employees	63
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	8.67%
Annual Interest Income	$9.3MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$296.5MM$207.0MM
Loans	Q4 2020vs Q4 2019	$177.1MM$153.9MM
Deposits	Q4 2020vs Q4 2019	$270.2MM$182.1MM
Equity Capital	Q4 2020vs Q4 2019	$21.1MM$19.8MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$2.5MM$1.7MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$2.2MM$2.5MM
Real Estate Owned	Q4 2020vs Q4 2019	$169.00K$152.00K

Rates

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Savings
Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME
0.25%	-	-	Christmas Club Electronic
0.20%^*	$25k^*	-	Life Savings
OTHER TIERS: 0.10% → Up to $200 \| 0.12% → $200 - $2.5k \| 0.15% → $2.5k - $25k
0.15%	-	-	Christmas Club Coupon Book

Union Bank (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$200k^*	-	Superior Savings Money Market
OTHER TIERS: 0.10% → Up to $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $100k

Union Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%^*	$15k^*	$25k	1-2-3 Rewards Checking
OTHER TIERS: 0.03% → $25k+ \| 0.05% → Up to $1k \| 1.51% → $1k - $15k
0.20%^*	$75k^*	-	Advantage Checking
OTHER TIERS: 0.10% → Up to $1k \| 0.12% → $1k - $15k \| 0.15% → $15k - $75k

Union Bank (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
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 Branch	127 East Rd	Dimondale, MI 48821
Westphalia Branch	202 East Main Street	Westphalia, MI 48894
Mulliken Branch	233 West Grand Ledge Highway	Mulliken, MI 48861
Hastings Branch	529 West State Street	Hastings, MI 49058
Union Bank	933 4th Avenue	Lake Odessa, MI 48849
Drive-In Branch	1150 Jordan Lake Street	Lake Odessa, MI 48849
Ada Branch	523 Ada Drive, S.E.	Ada, MI 49301

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