Union Bank (MI) is headquartered in Lake Odessa and is the 50th largest bank in the state of Michigan. It is also the 2,423rd 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.
Overall | |
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FDIC Certificate # | 14722 |
Year Established | 1934 |
Employees | 63 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 8.67% |
Annual Interest Income | $9.3MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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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) Locations | ||
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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 |