Gerber Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.95% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.65% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.10% | Savings | 0.26% - National Average |
Gerber Federal Credit Union is headquartered in Fremont and is the 71st largest credit union in the state of Michigan. It is also the 1,258th largest credit union in the nation. It was established in 1950 and as of December of 2018, it had grown to 44 employees and 14,280 members at 3 locations. Gerber Federal Credit Union's CD rates are 83% higher than the national average, and it has an A 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
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6832 |
| Year Chartered | 1950 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 3.67% |
| Annual Interest Income | $5.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $150.3MM$145.7MM |
| Loans | Q4 2018vs Q4 2017 | $85.8MM$73.8MM |
| Deposits | Q4 2018vs Q4 2017 | $131.4MM$129.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $15.6MM$15.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $389.00K$395.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $290.00K$486.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $310.00K$446.00K |
Always verify rates and promotions with the bank or credit union. We are not Gerber Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* 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
Gerber Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $100k* | - | Super Checking Account | ||
| OTHER TIERS: 0.35% → $1k - $5k | 0.40% → $5k - $50k | 0.45% → $50k - $100k | |||||
| 0.05% | $1k | - | Share Draft Account | ||
Gerber Federal Credit Union CD Rates
Gerber Federal Credit Union IRA Rates
| 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 |