United Financial Credit Union (MI)
United Financial Credit Union (MI) is headquartered in Saginaw and is the 56th largest credit union in the state of Michigan. It is also the 964th largest credit union in the nation. It was established in 1964 and as of September of 2022, it had grown to 54 employees and 22,330 members at 7 locations. United Financial Credit Union (MI) has a B+ health rating.
Field of Membership Restrictions
Membership in United Financial Credit Union is open to those who live, work, or worship in any county in Michigan's Lower Peninsula.
See current membership details
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Not A Credit Union I Would Reccommend...
I have worked with a couple different banks and credit unions and I have to say this one has me the least impressed. For instance, I can go through the State street location and get my cashiers checks through the drive thru but when I go to the Weiss location I am told that I am not supposed to do that. No one is on the same page which makes things confusing. I have my kids with me when I go which is why i prefer the drive thru. However, why should one location have a different policy then another that is only 5 miles away from each other? Also, I have had multipul issues with their online banking. They have site problems about once a month and I have had to call 3 times due to my account not letting me log in. And the last time it took me 2 days to get a response from anyone. That is not acceptable. In my workplace if I failed to call back a customer for 2 days, I would most likely lose their business. Which is something I am currently looking into doing.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61657 |
| Year Chartered | 1964 |
| Employees | 54 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 13.58% |
| Annual Interest Income | $6.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $316.0MM$302.3MM |
| Loans | Q3 2022vs Q3 2021 | $187.1MM$180.5MM |
| Deposits | Q3 2022vs Q3 2021 | $295.4MM$272.9MM |
| Equity Capital | Q3 2022vs Q3 2021 | $20.0MM$28.6MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $742.00K$776.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.1MM$1.4MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$64.00K |