Lenders › United FCU
7(a) lenderSaint Joseph, Michigancredit union414th of 2,184 by approvals
United FCU
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
United FCU, based in Saint Joseph, Michigan, is a credit union in the SBA 7(a) program. SBA approved 69 of its 7(a) loans worth $80.1M in FY2021 to FY2025, which places it 414th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 53 approvals totalling $69.3M. FY2026 to 30 Jun 2026 adds 32 more.
The median approval was $774K, against $190K for the 7(a) program as a whole; 5.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 16 states and territories and 39 counties, led by Michigan (49.3%), North Carolina (10.1%) and Texas (7.2%). The largest industry group was retail trade at 34.8% of approvals, and 27.5% of approvals were to franchise businesses.
Of 99 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (4.0%), 79 as paid in full and 16 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 32 | $38.6M | $914K | $1.2M | 398 |
| FY2025 | 53 | $69.3M | $815K | $1.3M | 672 |
| FY2024 | 1 | — | — | — | 10 |
| FY2023 | 4 | $2.2M | $387K | $543K | 25 |
| FY2022 | 6 | $4.4M | $381K | $733K | 82 |
| FY2021 | 5 | $3.8M | $250K | $767K | 95 |
| FY2020 | 3 | $344K | $128K | $115K | 29 |
| FY2019 | 13 | $3.2M | $249K | $249K | 144 |
| FY2018 | 15 | $2.9M | $125K | $195K | 85 |
| FY2017 | 16 | $2.4M | $127K | $153K | 92 |
| FY2016 | 11 | $2.4M | $195K | $215K | 118 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 58 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Michigan | 7(a) program |
|---|---|---|---|
| Approvals in these years | 107 | 25,129 | 639,905 |
| Cancelled or never disbursed | 8 | 3,087 | 79,313 |
| Disbursed loans | 99 | 22,042 | 560,592 |
| Paid in full | 79 | 17,774 | 435,813 |
| Charged off | 4 | 1,035 | 36,891 |
| Still outstanding (status exempt from disclosure) | 16 | 3,233 | 87,888 |
| Charged off, share of disbursed loans | 4.0% | 4.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.3% | 2.0% | 2.5% |
| Dollars charged off | $343K | $136M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 5 | 2 | 0 | — | 2.8% |
| FY2020 | 3 | 3 | 0 | — | 4.0% |
| FY2019 | 13 | 5 | 0 | — | 6.7% |
| FY2018 | 13 | 12 | 1 | — | 7.9% |
| FY2017 | 15 | 11 | 2 | — | 7.7% |
| FY2016 | 11 | 10 | 0 | — | 7.2% |
| FY2015 | 5 | 4 | 0 | — | 6.9% |
| FY2014 | 5 | 3 | 1 | — | 6.4% |
| FY2013 | 8 | 8 | 0 | — | 6.0% |
| FY2012 | 6 | 6 | 0 | — | 6.3% |
| FY2011 | 8 | 8 | 0 | — | 6.9% |
| FY2010 | 7 | 7 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $774K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 5.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 33.3% | 34.3% |
| Approvals to franchise businesses | 27.5% | 11.5% |
| Jobs supported per approval, as reported | 12.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.0% | 6.6% |
States served
| # | State of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Michigan | 34 | $26.9M | 49.3% | |
| 2 | North Carolina | 7 | $12.6M | 10.1% | |
| 3 | Texas | 5 | $12.0M | 7.2% | |
| 4 | Florida | 4 | $2.6M | 5.8% | |
| 5 | Nevada | 4 | $1.6M | 5.8% | |
| 6 | South Carolina | 2 | — | 2.9% | |
| 7 | Virginia | 2 | — | 2.9% | |
| 8 | Wisconsin | 2 | — | 2.9% | |
| 9 | Indiana | 2 | — | 2.9% | |
| 10 | Missouri | 1 | — | 1.4% | |
| 11 | Minnesota | 1 | — | 1.4% | |
| 12 | Georgia | 1 | — | 1.4% |
In Michigan the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (39 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Berrien County, MI | 11 | $7.3M | 15.9% | |
| 2 | Wayne County, MI | 8 | $6.7M | 11.6% | |
| 3 | Oakland County, MI | 5 | $3.1M | 7.2% | |
| 4 | Macomb County, MI | 3 | $2.4M | 4.3% | |
| 5 | Monroe County, MI | 2 | — | 2.9% | |
| 6 | Van Buren County, MI | 2 | — | 2.9% | |
| 7 | Sarasota County, FL | 2 | — | 2.9% | |
| 8 | Milwaukee County, WI | 2 | — | 2.9% | |
| 9 | Elkhart County, IN | 2 | — | 2.9% | |
| 10 | Henderson County, NC | 2 | — | 2.9% | |
| 11 | Washoe County, NV | 2 | — | 2.9% | |
| 12 | Moore County, NC | 1 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 24 | 34.8% | |
| 2 | Accommodation and Food Services | 22 | 31.9% | |
| 3 | Other Services (except Public Administration) | 10 | 14.5% | |
| 4 | Health Care and Social Assistance | 3 | 4.3% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 2 | 2.9% | |
| 6 | Construction | 2 | 2.9% | |
| 7 | Manufacturing | 1 | 1.4% | |
| 8 | Wholesale Trade | 1 | 1.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 17.4% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 11 | 15.9% | |
| 3 | Traveler AccommodationNAICS 7211 | 9 | 13.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 5.8% | |
| 5 | Gasoline StationsNAICS 4571 | 3 | 4.3% | |
| 6 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 4.3% | |
| 7 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 4.3% | |
| 8 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 4.3% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 2 | 2.9% | |
| 10 | Personal Care ServicesNAICS 8121 | 2 | 2.9% |
Approval sizes
- $50,001 to $150,0005.8%4
- $150,001 to $350,00017.4%12
- $350,001 to $1 million34.8%24
- $1 million to $2 million27.5%19
- Over $2 million14.5%10
Loan terms
- Over 5 to 10 years40.6%28
- Over 10 to 20 years14.5%10
- Over 20 years44.9%31
Age of the businesses
- Existing, more than 2 years old23.2%16
- New business, 2 years or less11.6%8
- Startup, loan funds will open the business21.7%15
- Change of ownership43.5%30
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 40 | 58.0% | |
| 2 | Preferred Lenders Program | 24 | 34.8% | |
| 3 | SBA Express Program | 4 | 5.8% | |
| 4 | International Trade Loans | 1 | 1.4% |
Franchise share
19 of 69 approvals in FY2021–FY2025 (27.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Microtel Inn & Suites by Wyndham | 1 | 1.4% | |
| 2 | Suburban Studios ES | 1 | 1.4% | |
| 3 | Days Inn | 1 | 1.4% | |
| 4 | Studio 6 | 1 | 1.4% | |
| 5 | Super 8 by Wyndhan | 1 | 1.4% | |
| 6 | Zaxby's | 1 | 1.4% | |
| 7 | Quality Inn | 1 | 1.4% | |
| 8 | Park Inn by Radisson | 1 | 1.4% |
Questions and answers
How many SBA loans does United FCU make?
SBA approved 53 7(a) loans through United FCU in FY2025, worth $69.3M, and 69 over FY2021 to FY2025. That ranks 414th of 2,184 active 7(a) lenders by number of approvals.
How large are United FCU's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $774K and the average $1.2M. The program-wide median was $190K.
What is United FCU's charge-off rate?
Of 99 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (4.0%), 79 as paid in full and 16 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does United FCU lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (12); beer, wine, and liquor stores (11); traveler accommodation (9); automotive repair and maintenance (4).
Where does United FCU make SBA loans?
In 16 states and territories. Michigan 34, North Carolina 7, Texas 5, Florida 4, Nevada 4. In Michigan it accounts for 0.3% of all 7(a) approvals.
Is United FCU's SBA lending rising?
Approvals in the three latest complete fiscal years total 58, against 14 in the three before: rising (+314%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error