Overview / Commentary
Great Lakes Federal Credit Union is headquartered in Bay City and is the 134th largest credit union in the state of Michigan. It is also the 2,302nd largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 17 employees and 4,574 members at 3 locations. Great Lakes Federal Credit Union has a B health rating.
Field of Membership Restrictions
Great Lakes Federal offers membership to those who work, worship or live in the township of of Birch Run & Taymouth in Saginaw County, as well as, the counties of Bay, Gladwin, Midland and Tuscola.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Great Lakes Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24874 |
| Year Chartered | 1963 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 2.87% |
| Annual Interest Income | $510K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $58.4MM$60.9MM |
| Loans | Q1 2025vs Q1 2024 | $26.6MM$27.9MM |
| Deposits | Q1 2025vs Q1 2024 | $49.3MM$51.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $4.7MM$3.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $102K$167K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $29K$558K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |