Overview / Commentary
Gerber Federal Credit Union is headquartered in Fremont and is the 70th largest credit union in the state of Michigan. It is also the 1,152nd largest credit union in the nation. It was established in 1950 and as of March of 2025, it had grown to 44 employees and 16,004 members at 3 locations. Gerber Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Gerber Federal Credit Union is open to anyone who lives, works, attends school, volunteers, or worships in Newaygo County, Michigan, or in the Muskegon County townships of Cedar Creek, Moorland, Casnovia or Holton; or the Oceana County townships of Newfield or Greenwood. Immediate and household members are also eligible.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6832 |
| Year Chartered | 1950 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 8.57% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $243.7MM$229.8MM |
| Loans | Q1 2025vs Q1 2024 | $137.2MM$136MM |
| Deposits | Q1 2025vs Q1 2024 | $220.6MM$211.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $20.5MM$16.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $816K$737K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $820K$937K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |