Gerber Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.70%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
1.45%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.10%	Savings	2.00% - American Express National Bank High Yield Savings Account

View all Gerber Federal Credit Union rates »

Overview / Commentary

gerberfcu.com

231-924-4880

508 State St
Fremont, MI 49412

Gerber Federal Credit Union is headquartered in Fremont and is the 72^nd largest credit union in the state of Michigan. It is also the 1,253^rd largest credit union in the nation. It was established in 1950 and as of June of 2018, it had grown to 39 employees and 13,938 members at 3 locations. Gerber Federal Credit Union's CD rates are 61% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Must be an employee of Nestle/Gerber Products Company or several other Select Employer Groups.
See current membership details

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Health

A

Data as of Q2 2018

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Health Grade Components

Overall
NCUA #	6832
Year Chartered	1950
Employees	39
Primary Regulator

Profit Margin
Return on Assets - YTD	0.36%
Return on Equity - YTD	3.56%
Annual Interest Income	$2.4MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$152.3MM$142.7MM
Loans	Q2 2018vs Q2 2017	$79.4MM$73.0MM
Deposits	Q2 2018vs Q2 2017	$133.0MM$125.5MM
Equity Capital	Q2 2018vs Q2 2017	$15.1MM$15.1MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$387.00K$463.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$323.00K$332.00K
Real Estate Owned	Q2 2018vs Q2 2017	$446.00K$446.00K

Rates

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Checking
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IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gerber Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$100k^*	-	Super Savings Account
OTHER TIERS: 0.55% → $1k - $5k \| 0.60% → $5k - $50k \| 0.65% → $50k - $100k
0.65%^*	$5k^*	-	IRA Savings Account
OTHER TIERS: 0.55% → $5 - $1k \| 0.60% → $1k - $5k
0.10%	$5	-	Regular Savings Account

Gerber Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$100k^*	-	Super Checking Account
OTHER TIERS: 0.25% → $1k - $5k \| 0.30% → $5k - $50k \| 0.35% → $50k - $100k
0.05%	$1k	-	Share Draft Account

Gerber Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.20%	$1k	-	84 Month Share Certificate
2.70%	$1k	-	60 Month Share Certificate
2.50%	$1k	-	48 Month Share Certificate
2.20%	$1k	-	36 Month Share Certificate
1.75%	$1k	-	24 Month Share Certificate
1.45%	$1k	-	12 Month Share Certificate
1.15%	$1k	-	6 Month Share Certificate

Gerber Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.20%	$1k	-	84 Month IRA Certificate
2.70%	$1k	-	60 Month IRA Certificate
2.50%	$1k	-	48 Month IRA Certificate
2.20%	$1k	-	36 Month IRA Certificate
1.75%	$1k	-	24 Month IRA Certificate
1.45%	$1k	-	12 Month IRA Certificate
1.20%	$1	-	18 Month Variable IRA Certificate
1.15%	$1k	-	6 Month IRA Certificate

Locations

Gerber Federal Credit Union Locations
Branch Office	508 State St	Fremont, MI 49412
Branch Office	1004 W Main St	Fremont, MI 49412
Branch Office	300 Adams St	Newaygo, MI 49337-8942

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