United Financial Credit Union (MI)
Overview / Commentary
United Financial Credit Union (MI) is headquartered in Saginaw and is the 58th largest credit union in the state of Michigan. It is also the 988th largest credit union in the nation. It was established in 1964 and as of June of 2024, it had grown to 57 employees and 22,204 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. Family members of a current United Financial Credit Union member also qualify for membership.
See current membership details
Related Posts
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61657 |
| Year Chartered | 1964 |
| Employees | 57 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 4.79% |
| Annual Interest Income | $6.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $317.5MM$321.6MM |
| Loans | Q2 2024vs Q2 2023 | $195.3MM$193.9MM |
| Deposits | Q2 2024vs Q2 2023 | $291.9MM$298.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $25.2MM$22.5MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.4MM$718K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.8MM$1.2MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $93K$0 |