Gerber Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.20% | 5-year CD | 60 Month Share Certificate 2.50% - Ally Bank High Yield 5 Year CD |
| 1.00% | 1-year CD | 12 Month Share Certificate |
| 0.10% | Savings | Regular Savings Account |
Gerber Federal Credit Union is headquartered in Fremont and is the 72nd largest credit union in the state of Michigan. It is also the 1,264th largest credit union in the nation. It was established in 1950 and as of December of 2017, it had grown to 39 employees and 13,582 members at 3 locations. Gerber Federal Credit Union's CD rates are 11% 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
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6832 |
| Year Chartered | 1950 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.89% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $145.7MM$135.8MM |
| Loans | Q4 2017vs Q4 2016 | $73.8MM$71.7MM |
| Deposits | Q4 2017vs Q4 2016 | $129.0MM$119.7MM |
| Equity Capital | Q4 2017vs Q4 2016 | $15.2MM$15.0MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $395.00K$449.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $486.00K$290.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $446.00K$536.00K |
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 | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Super Checking Account | ||
| OTHER TIERS: 0.10% → $1k - $5k | 0.15% → $5k - $50k | 0.20% → $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 |