Gerber Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.50%5-year CD60 Month Share Certificate
1.30%1-year CD12 Month Share Certificate
0.10%SavingsRegular Savings Account

Overview / Commentary
231-924-4880
508 State St
Fremont, MI 49412

Gerber Federal Credit Union is headquartered in Fremont and is the 72nd largest credit union in the state of Michigan. It is also the 1,253rd 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 44% 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

Health Grade Components

Overall
NCUA #6832
Year Chartered1950
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.56%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$152.3MM$142.7MM
LoansQ2 2018vs Q2 2017$79.4MM$73.0MM
DepositsQ2 2018vs Q2 2017$133.0MM$125.5MM
Equity CapitalQ2 2018vs Q2 2017$15.1MM$15.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$387.00K$463.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$323.00K$332.00K
Real Estate OwnedQ2 2018vs Q2 2017$446.00K$446.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Super Savings Account
OTHER TIERS: 0.40% $1k - $5k | 0.45% $5k - $50k | 0.50% $50k - $100k
0.50%*$5k*-IRA Savings Account
OTHER TIERS: 0.40% $5 - $1k | 0.45% $1k - $5k
0.10%$5-Regular Savings Account

Gerber Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Super Checking Account
OTHER TIERS: 0.15% $1k - $5k | 0.20% $5k - $50k | 0.25% $50k - $100k
0.05%$1k-Share Draft Account

Gerber Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-84 Month Share Certificate
2.50%$1k-60 Month Share Certificate
2.30%$1k-48 Month Share Certificate
2.00%$1k-36 Month Share Certificate
1.60%$1k-24 Month Share Certificate
1.30%$1k-12 Month Share Certificate
1.00%$1k-6 Month Share Certificate

Gerber Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-84 Month IRA Certificate
2.50%$1k-60 Month IRA Certificate
2.30%$1k-48 Month IRA Certificate
2.00%$1k-36 Month IRA Certificate
1.60%$1k-24 Month IRA Certificate
1.30%$1k-12 Month IRA Certificate
1.05%$1-18 Month Variable IRA Certificate
1.00%$1k-6 Month IRA Certificate
Locations


Gerber Federal Credit Union Locations
Branch Office508 State StFremont, MI 49412
Branch Office1004 W Main StFremont, MI 49412
Branch Office300 Adams StNewaygo, MI 49337-8942

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