First General Credit Union

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A short history of First General CU

Since its inception in 1953 the First General Credit Union has been serving its members in the Norton Shores, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Connie Taylor, the First General CU has grown its membership to over 9,016 with assets of more than $59,369,194. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (231) 798-4321 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Norton Shores, MI.

General Information For First General CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61455
Address 589 E Ellis Rd 
City Norton Shores 
State Michigan 
Zip-Code 49441
Phone Number (231) 798-4321
Fax Number (231) 798-4321
Email Address:
CEO/President Connie Taylor
Members 9,016 
Full-Time Employees 21 
Part-Time Employees
Number of Branch Offices
Total Assets 59,369,194 

Compare First General Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Family Financial CU Main Office 3575 Henry St 49441 (231) 733-4600 No 0.48
Sb Community CU SB CFCU 991 W Broadway Ave 49441 (231) 759-2500 No 1.04
Muskegon Patternmakers CU muskegon patternmakers fcu 513 w broadway ave 49444 (231) 733-1121 No 1.26
Muskegon St Joseph CU Main Office 1903 Barclay St 49441 (231) 759-7931 No 2.14
Lakeshore CU Lakeshore Federal Credit Union 2182 Lakeshore Dr 49441 (231) 755-1202 No 2.25

First General Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First General Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 4.90 4.24 5.71 4.29 4.29
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 14 310 411 179 138
Rank Among All Michigan Credit Unions 1 91 99 47 25

First General Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 1.37 1.37
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 105 108 110
Rank Among All Michigan Credit Unions N/A 14 21 16 14
First General Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 4.9001,1871,915,799
All Other Unsecured Loans/Lines of Credit 13.0001,145732,192
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.2401532,189,114
Used Vehicle Loans 5.7101,84115,954,245
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.290993,178,826
Total Other Real Estate Loans/Lines of Credit 4.29021440,466
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.8704704,373,909
TOTAL LOANS & LEASES 4,91628,784,551

First General Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 7946,681190,204
    b. 15 Years or less 681,659,1417440,331
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 24573,00400


Closed-End Fixed Rate 8147,62000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 13292,84600
Open-End Fixed Rate 0000
TOTALS 1203,619,2928530,535


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First General Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes