2. Gerber Federal Credit Union

Gerber Federal Credit Union


Overview / Commentary
www.gerberfcu.com
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 1,265th largest credit union in the nation. It was established in 1950 and as of March of 2019, it had grown to 42 employees and 14,400 members at 3 locations. Gerber Federal Credit Union's CD rates are 94% 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.
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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #6832
Year Chartered1950
Employees42
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.14%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$153.6MM$150.2MM
LoansQ1 2019vs Q1 2018$86.8MM$75.0MM
DepositsQ1 2019vs Q1 2018$136.2MM$133.1MM
Equity CapitalQ1 2019vs Q1 2018$15.8MM$15.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$392.00K$387.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$211.00K$351.00K
Real Estate OwnedQ1 2019vs Q1 2018$310.00K$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
1.00%*$100k*-Super Savings Account
OTHER TIERS: 0.85% → $1k - $5k | 0.90% → $5k - $50k | 0.95% → $50k - $100k
0.80%*$5k*-IRA Savings Account
OTHER TIERS: 0.70% → $5 - $1k | 0.75% → $1k - $5k
0.10%$5-Regular Savings Account

Gerber Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.45%$1k-84 Month Share Certificate
2.95%$1k-60 Month Share Certificate
2.75%$1k-48 Month Share Certificate
2.45%$1k-36 Month Share Certificate
2.00%$1k-24 Month Share Certificate
1.75%$1k-12 Month Share Certificate
1.50%$1k-6 Month Share Certificate

Gerber Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.45%$1k-84 Month IRA Certificate
2.95%$1k-60 Month IRA Certificate
2.75%$1k-48 Month IRA Certificate
2.45%$1k-36 Month IRA Certificate
2.00%$1k-24 Month IRA Certificate
1.75%$1k-12 Month IRA Certificate
1.55%$1-18 Month Variable IRA Certificate
1.50%$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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