Union Bank (MI)

Overview / Commentary

www.ubmich.com

616-374-3278

933 4th Avenue
Lake Odessa, MI 48849

Union Bank (MI) is headquartered in Lake Odessa and is the 61^st largest bank in the state of Michigan. It is also the 2,949^th largest bank in the nation. It was established in 1934 and as of September of 2019, it had grown to 61 employees at 9 locations. Union Bank (MI)'s CD rates are 79% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	14722
Year Established	1934
Employees	61
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.78%
Return on Equity - YTD	7.8%
Annual Interest Income	$6.6MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$191.9MM$174.4MM
Loans	Q3 2019vs Q3 2018	$154.6MM$141.0MM
Deposits	Q3 2019vs Q3 2018	$167.9MM$151.8MM
Equity Capital	Q3 2019vs Q3 2018	$19.6MM$18.5MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.4MM$1.3MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$2.2MM$841.00K
Real Estate Owned	Q3 2019vs Q3 2018	$208.00K$0

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
0.35%^*	$25k^*	-	Life Savings
OTHER TIERS: 0.10% → Up to $200 \| 0.20% → $200 - $2.5k \| 0.25% → $2.5k - $25k
0.25%	-	-	Christmas Club Electronic
0.15%	-	-	Christmas Club Coupon Book

Union Bank (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.55%^*	$200k^*	-	Superior Savings Money Market
OTHER TIERS: 0.15% → Up to $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $100k

Union Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.05%^*	$15k^*	$25k	1-2-3 Rewards Checking
OTHER TIERS: 0.05% → Up to $1k \| 1.51% → $1k - $15k \| 1.54% → $25k+
0.30%^*	$75k^*	-	Advantage Checking
OTHER TIERS: 0.10% → Up to $1k \| 0.15% → $1k - $15k \| 0.20% → $15k - $75k
0.03%	-	-	1-2-3 Standard Rewards Checking

Union Bank (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.96%	$500	-	60 Month CD
1.86%	$500	-	48 Month CD
1.76%	$500	-	24 Month CD
1.66%	$500	-	18 Month CD
1.66%	$500	-	36 Month CD
1.66%	$500	-	45 Month CD
1.61%	$500	-	12 Month CD
1.61%	$500	-	15 Month CD
1.51%	$500	-	182 Day CD
1.36%	$500	-	30 Month CD
1.26%	$500	-	91 Day CD
0.95%	$500	-	9 Month 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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