Gogebic County Federal Credit Union

Gogebic County Federal Credit Union


Overview / Commentary
906-663-4011
600 W Lead St
Bessemer, MI 49911

Gogebic County Federal Credit Union is headquartered in Bessemer and is the 150th largest credit union in the state of Michigan. It is also the 2,739th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 7 employees and 3,787 members at 3 locations. Gogebic County Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Gogebic County Federal Credit Union is open to those who live or work in Gogebic County in Michigan.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Gogebic County Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #7644
Year Chartered1952
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD2.09%
Return on Equity - YTD13.5%
Annual Interest Income$464K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$35.9MM$35.3MM
LoansQ1 2025vs Q1 2024$13.3MM$13.6MM
DepositsQ1 2025vs Q1 2024$30.3MM$30.4MM
Equity CapitalQ1 2025vs Q1 2024$5.4MM$4.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$68K$51K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$40K$110K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Gogebic County Federal Credit Union Locations
Branch Office600 W Lead StBessemer, MI 49911
Corporate Office930 E Cloverland DrIRONWOOD, MI 49938-1546
Corporate Office402 Sunday Lake StWakefield, MI 49968

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