First United Credit Union

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A short history of First United CU

Since its inception in 1937 the First United Credit Union has been serving its members in the GRANDVILLE, 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 Mark Richter, the First United CU has grown its membership to over 5,206 with assets of more than $38,489,432. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (616) 532-9067 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in GRANDVILLE, MI.

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

Charter Number 68640
Address 3140 IVANREST AVE SW 
State Michigan 
Zip-Code 49418
Phone Number (616) 532-9067
Fax Number (616) 532-9196
Email Address: ----
CEO/President Mark Richter
Members 5,206 
Full-Time Employees 12 
Part-Time Employees
Number of Branch Offices
Total Assets 38,489,432 

Compare First United Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Rivertown Community CU Rivertown Community FCU 3121 Macatawa Dr SW 49468 (616) 406-2480 No 2.05
Kenowa Community CU Kenowa Community Federal CU 1905 28th Street St SW 49519 (616) 534-3307 No 4.42
Atl CU ATL Federal Credit Union 841 36th St SW 49509 (616) 257-4285 No 4.97
My Personal CU Wyoming 1414 Burton St SW 49509 (616) 452-2161 No 5.10
Gr Consumers CU GRCCU Main Office 3975 Clay Ave SW 49548 (616) 538-2810 No 5.35

First United Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First United 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 9.96 3.14 7.90 5.26 5.52
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 249 160 623 298 291
Rank Among All Michigan Credit Unions 40 44 125 87 64

First United 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 0.40 1.62 1.78
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 76 77 68
Rank Among All Michigan Credit Unions N/A 14 11 10 8
First United Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9609821,428,970
All Other Unsecured Loans/Lines of Credit 12.860401507,803
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.140761,995,595
Used Vehicle Loans 7.9001,66815,632,374
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.260524,731,347
Total Other Real Estate Loans/Lines of Credit 5.5201873,825,425
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.9806340,336
TOTAL LOANS & LEASES 3,37228,461,850

First United 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 303,270,2851190,300
    b. 15 Years or less 171,109,1233320,105
    a. > 15 years 154,29200
    b. 15 Years or less 186,73000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 2189,2282650,325
Adjustable Rate > 1 yr 121,6891320,000


Closed-End Fixed Rate 13212,115349,845
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1413,200,64127955,330
Open-End Fixed Rate 33412,66900
TOTALS 2398,556,772372,485,905


Interest Only & Payment Option 1st Mortgage Loans 3210,917970,325
Interest Only & Payment Option Other RE/LOC Loans 3165,3140
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First United 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 Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes