Union Bank (MI)


Overview / Commentary
616-374-3278
670 Cascade W Parkway SE
Grand Rapids, MI 49546

Union Bank (MI) is headquartered in GRAND RAPIDS and is the 43rd largest bank in the state of Michigan. It is also the 2,207th largest bank in the nation. It was established in 1934 and as of March of 2025, it had grown to 95 employees at 9 locations. Union Bank (MI) has a C+ health rating.

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Health
C+

Health Grade Components

Overall
FDIC Certificate #14722
Year Established1934
Employees95
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD4.7%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$366.8MM$343.6MM
LoansQ1 2025vs Q1 2024$281.3MM$256.9MM
DepositsQ1 2025vs Q1 2024$297.1MM$285.2MM
Equity CapitalQ1 2025vs Q1 2024$29MM$26.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.8MM$3.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5.4MM$241K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Union Bank (MI) are currently being reviewed.

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 AveLake 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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