United Bay Community CU (MI) Adds 37-Month CD Special, 3.40% APY


UPDATE 4/16/2019: The 37-month CD Special is no longer available

Deal Summary: 37-month CD Special, 3.40% APY with $10k new money; 2.70% APY with $10k current deposits.

Availability: Residents of four mid-Michigan and two southwest Michigan counties.

As part of its 70th anniversary celebration, United Bay Community Credit Union (UBCCU) is offering a 37-month CD Special with two rates: 3.40% APY with a minimum of $10k of new money, or 2.70% APY with a minimum of $10k of current deposits.

According to the landing page, this is a limited-time offer “ending on or before April 30, 2019.” CSR stated it’s quite likely the CD Special will not last until April 30. UBCCU has set a dollar amount target and is quickly approaching its goal. CSR mentioned there was also a 57-month CD Special that met its funds goal in a matter of days. In other words, time is of the essence.

According to CSR, the Early Withdrawal Penalty is 270 days of interest on the amount withdrawn. Partial withdrawals are permitted, as long as the $10k minimum is maintained.


Headquartered in Bay City, Michigan, United Bay Community Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the Michigan counties of Arenac, Bay, Kalamazoo, Midland, Saginaw, or Van Buren eligible to join.

Joining UBCCU and/or opening a CD Special can be done at any of five Michigan branches located Bay City (2), Mattawan, Pinconning, or Portage.

To be a member in good standing, a Share Savings account must be opened with a $5 minimum deposit and maintained with a minimum $5 balance.

UBCCU’s online banking platform, [email protected], is currently limited to account management and bill payment services.

Credit Union Overview

United Bay Community Credit Union has an overall health grade of "C+" at DepositAccounts.com, with a Texas Ratio of 16.17% (above average) based on December 31, 2018 data. UBCCU has an average capitalization level (8.80%), the result of holding $189.67 million in assets with $16.69 million in equity. Please refer to our financial overview of United Bay Community Credit Union (NCUA Charter # 61186) for more details.

While all credit unions adhere to the “people helping people” philosophy, UBCCU’s predecessor, the Chevrolet Employees Federal Credit Union, was established to help people immediately. In 1949, Bay City Chevrolet plant employees returned to work after a 110-day strike. After months of not being able to meet their financial obligations,

many employees were on the brink of losing their jobs due to their wages being garnished by creditors. People were in need of help and concerned co-workers knew something had to be done. Workers agreed to chip in $5 to lend to those co-workers in need. The $5 contribution still represents one share in the credit union today.

UBCCU has changed charter type once, re-branded twice, and expanded its FOM three times, the last of which was in 2012, following the acquisition of Access First Federal Credit Union in southwest Michigan.

How the CD Special Compares

When compared to 237 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the FOM, United Bay Community Credit Union's 37-month CD Special APY currently ranks first.

The above rates are accurate as of 4/16/2019.

To search for the best CD rates, both nationwide and state specific, please refer to the CD Rates Table page.

Related Pages: Flint CD rates, Grand Rapids CD rates, 5-year CD rates

  |     |   Comment #1
Covered by Federal Deposit Insurance Corp.?
  |     |   Comment #2
to Tom: credit union accounts are not insured by FDIC. Most credit unions, including United Bay, are insured by the National Credit Union Administration (NCUA).
5% 10-Month CD at a Michigan CU
Access First Federal Credit Union has a special 5.00% APY 10-month CD. There is a minimum deposit requirement of $500.

The field of membership includes those who live in Kalamazoo and Van Buren Counties of Michigan.

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