FIRST GENERAL

Headquarters

589 E ELLIS RD
Norton Shores, MI 49441
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.70% 1.15% →
2-Year CD 0.80% 1.26% →
5-Year CD 1.26% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

First General is an NCUA insured institution located in Norton Shores, MI. It was founded in 1953 and has approximately $54.32 millions in assets.

NCUA Insured Yes
Charter Number # # 61455
Date Established 1953
Assets $54.32 million
Loans $30.41 million
Deposits $45.51 million
Capital $8.31 million
 

Field of Membership Restrictions

First General Credit Union of Michigan is open to the residents, church members, registered students, and the people that maintain employment within these qualified counties: Muskegon, Oceana, Newaygo, Ottawa, and Kent as well as the applicable employees that originally qualified for the original field of membership and their family members.

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $25 - Learn More
Money Market
0.30% $2,500 $20,000 Learn More
Money Market
0.40% $20,001 $50,000 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.60% $500 - Learn More
12 Mo CD
0.70% $500 - Learn More
24 Mo CD
0.80% $500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.01% $500 - Learn More
60 Mo CD
1.26% $500 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $500 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for FIRST GENERAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to FIRST GENERAL
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are First General branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First General Locations


Financial Details

First General Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First General. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
First General U.S. Average
3.54% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, First General had $297,683 in non-current loans and $0 in owned assets. To cover these potential losses it had $8,312,059 in net worth and $92,448 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Net Worth
First General U.S. Average
15.3% 13.86%

First General FCU has a net worth of 15.3% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About First General

Branches and Savings

What is First General?

A federal credit union, registered with the NCUA under certificate #61455.
Learn more about credit unions here.

Is First General FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join First General?

Please see Field of Membership information above for information on who is eligible to join.

What are First General's share account and share certificate rates?

First General's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is First General?

First General has total capital of $8.31 million. Full information on First General's financial position is located above.

Who owns First General?

Credit Unions are owned by their members.

Where are First General branches located?

See branch locations nearby.

Are First General ATMs Open 24/7?

Do First General ATMs accept cash deposits?

Can First General customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does First General have a mobile app?

Does First General have mobile deposit?

Does First General have quick pay?

How can First General transfer money to other banks or credit unions?

Does First General report to credit bureaus?

Does First General use Chexsystems?

Does First General use Equifax?

What is First General's toll free phone number?

What is First General's ACH Routing Number?

What is First General's SWIFT code?

Where can I find First General's wire transfer form?

What is the First General address for deposits?

What Products Does First General Offer

Does First General offer mortgages?

Compare mortgage rates here.

Does First General offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First General offer auto and RV loans?

Compare auto loan rates here.

Does First General offer student loans or personal loans?

Compare personal loan rates here.

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