United Bank (MI) is headquartered in Grand Rapids and is the 17th largest bank in the state of Michigan. It is also the 1,074th largest bank in the nation. It was established in 1903 and as of June of 2019, it had grown to 147 employees at 14 locations. United Bank (MI) has an A health rating.
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.
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.
|FDIC Certificate #||11807|
|Return on Assets - YTD||0.96%|
|Return on Equity - YTD||9.86%|
|Annual Interest Income||$15.2MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$703.9MM$629.5MM|
|Loans||Q2 2019vs Q2 2018||$585.9MM$537.4MM|
|Deposits||Q2 2019vs Q2 2018||$520.1MM$491.6MM|
|Equity Capital||Q2 2019vs Q2 2018||$67.4MM$63.0MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$5.5MM$5.4MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$1.0MM$1.5MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$239.00K$160.00K|
Rates for United Bank (MI) are currently being reviewed.