United Bank (MI)

Overview / Commentary

www.unitedbank4u.com

616-559-4589

900 E. Paris Ave. SE
Grand Rapids, MI 49546

United Bank (MI) is headquartered in Grand Rapids and is the 19^th largest bank in the state of Michigan. It is also the 1,127^th largest bank in the nation. It was established in 1903 and as of December of 2018, it had grown to 146 employees at 14 locations. United Bank (MI) has an A health rating.

View all posts from:

2014

7/7 - United Bank Of Michigan RCA (4%, $10K)

Reviews (3)

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Final Results

Posted by: DavidofAnnArbor | Nov 7, 2013

I feel that the United Bank of Michigan met my expectations with respect to the Health Savings Account thus far. The interest rate they provide seems unbeatable to me, and the account was able to opened up without any problems. I used it already to pay a dental bill.

Comment

Update To The Review From The Day Before

Posted by: DavidofAnnArbor | Aug 23, 2013

I wrote a review yesterday based on information from one staff person. A different person who seems to have more authority on the HSA process told me today that opening up an HSA can be done via a combination of email and regular mail. So I'm in the process of hopefully having my application approved so that I can take advantage of the 3.25% rate. I hope the rate is accurate.

Comment

Opening An HSA Account

Posted by: DavidofAnnArbor | Aug 22, 2013

I was told 8.22.2013 that you can't get the HSA account unless you open up the account personally at a branch office, or if you do it online you have to have a zipcode for a location in the Grand Rapids area.

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Health

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11807
Year Established	1903
Employees	146
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.06%
Return on Equity - YTD	10.7%
Annual Interest Income	$27.9MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$661.2MM$615.9MM
Loans	Q4 2018vs Q4 2017	$564.5MM$524.4MM
Deposits	Q4 2018vs Q4 2017	$502.0MM$474.8MM
Equity Capital	Q4 2018vs Q4 2017	$65.0MM$60.1MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$5.3MM$5.5MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$1.3MM$2.5MM
Real Estate Owned	Q4 2018vs Q4 2017	$1.1MM$315.00K

Rates

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Savings
Checking

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

United Bank (MI) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$5	-	Savings Club
0.35%^*	$100k^*	-	Premium High-Yield Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $50k \| 0.30% → $50k - $100k
0.35%^*	$100k^*	-	Business Premium High-Yield Savings
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $50k \| 0.30% → $50k - $100k
0.20%^*	$50k^*	-	Personal High Yield Savings
OTHER TIERS: 0.10% → Up to $10k \| 0.15% → $10k - $50k
0.20%^*	$50k^*	-	Business High Yield Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.15%	-	-	Business Statement Savings
0.10%	-	-	Statement Savings

United Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$1.5k^*	$10k	UBenefit Interest Checking
OTHER TIERS: 0.01% → Any amount \| 0.50% → $100 - $500 \| 1.50% → $500 - $1k \| 3.00% → $1k - $1.5k
0.25%^*	$100k^*	-	Business Premium High-Yield Checking
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $50k \| 0.20% → $50k - $100k
0.25%^*	$100k^*	-	Premium High-Yield Checking
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $50k \| 0.20% → $50k - $100k
0.15%	-	-	Corporate Interest Checking

Locations

Availability

Grand Rapids Area

Grand Rapids Area bank & credit union details

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