Overview / Commentary
Gerber Federal Credit Union is headquartered in Fremont and is the 71st largest credit union in the state of Michigan. It is also the 1,154th largest credit union in the nation. It was established in 1950 and as of December of 2024, it had grown to 41 employees and 16,002 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 Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6832 |
| Year Chartered | 1950 |
| Employees | 41 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 6.19% |
| Annual Interest Income | $9.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $238.8MM$225.8MM |
| Loans | Q4 2024vs Q4 2023 | $139.2MM$136.4MM |
| Deposits | Q4 2024vs Q4 2023 | $217.1MM$207.5MM |
| Equity Capital | Q4 2024vs Q4 2023 | $19.4MM$16.5MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $853K$707K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.1MM$1.1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |