Gogebic County Federal Credit Union

Gogebic County Federal Credit Union

Overview / Commentary
600 W Lead St
Bessemer, MI 49911

Gogebic County Federal Credit Union is headquartered in Bessemer and is the 174th largest credit union in the state of Michigan. It is also the 3,147th largest credit union in the nation. It was established in 1952 and as of March of 2020, it had grown to 5 employees and 4,190 members at 1 location. 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

Reviews (1)

Love my credit union

I really like this credit union. I have never been charged any fees from except when I withdraw from a ATM that is not their own and that is only usually $2. I really like there customer service as well they are always to help you when you need it. I wish they would update their website though it is pretty old looking but still usable and useful. I also really like that is local and I don't have to travel to far to deposit checks and take money out. I don't see myself changing banks anytime soon.

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

NCUA #7644
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD15.68%
Annual Interest Income$252.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$24.1MM$23.3MM
LoansQ1 2020vs Q1 2019$10.6MM$9.3MM
DepositsQ1 2020vs Q1 2019$21.2MM$20.7MM
Equity CapitalQ1 2020vs Q1 2019$2.8MM$2.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$65.00K$56.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$65.00K$79.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0

Sorry, we do not have rate data for Gogebic County Federal Credit Union.


Gogebic County Federal Credit Union Locations
Branch Office600 W Lead StBessemer, MI 49911

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