Gogebic Range Bank

Overview / Commentary
155 East Cloverland Drive
Ironwood, MI 49938

Gogebic Range Bank is headquartered in IRONWOOD and is the 61st largest bank in the state of Michigan. It is also the 3,449th largest bank in the nation. It was established in 2002 and as of December of 2023, it had grown to 34 employees at 4 locations. Gogebic Range Bank's CD rates are 3X the national average, and it has a C+ health rating.


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Health Grade Components

FDIC Certificate #57192
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD14.91%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$147.9MM$153.5MM
LoansQ4 2023vs Q4 2022$55.3MM$55.3MM
DepositsQ4 2023vs Q4 2022$132.3MM$143MM
Equity CapitalQ4 2023vs Q4 2022$9.4MM$7.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.5MM$1.5MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.1MM$954K
Real Estate OwnedQ4 2023vs Q4 2022$71K$71K
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Always verify rates and promotions with the bank or credit union. We are not Gogebic Range Bank; 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.

Gogebic Range Bank Savings Account Rates

0.03%--Lil Rangers Savings
0.03%$100-Range Savings Passbook
0.03%--Club Account
0.03%--HSA Checking
0.03%$100-Business Savings
0.03%$100-Organizational Savings
0.03%$100-Non Profit Savings
0.03%$100-Public Fund Savings

Gogebic Range Bank Money Market Rates

0.30%*$100k*-Personal Money Market
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k
0.30%*$100k*-IRA Money Market Account
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k

Gogebic Range Bank Checking Account Rates

0.05%*$25k*-Business Now Checking
OTHER TIERS: 0.02% Up to $10k | 0.03% $10k - $25k
0.05%*$5k*-Public Funds Checking
OTHER TIERS: 0.02% Up to $1k | 0.03% $1k - $5k
0.03%--Gogebic Rangers Checking
0.03%$500-Personal Now Checking

Gogebic Range Bank CD Rates

3.55%$500-36 Month Personal CD
3.55%$500-Business 36 Month CD
3.03%$500-24 Month Personal CD
3.03%$500-48 Month Personal CD
3.03%$500-Business 24 Month CD
3.03%$500-Business 48 Month CD
2.78%$500-12 Month Personal CD
2.78%$500-60 Month Personal CD
2.78%$500-Business 12 Month CD
2.78%$500-Business 60 Month CD
2.26%$500-6 Month Personal CD
2.26%$500-Business 6 Month CD

Gogebic Range Bank IRA Rates

3.55%$1k-36 Month IRA
3.03%$1k-24 Month IRA
3.03%$1k-48 Month IRA
2.78%$1k-12 Month IRA
2.78%$1k-60 Month IRA
2.26%$1k-6 Month IRA

Gogebic Range Bank Locations
Gogebic Range Bank155 E Cloverland DrIronwood, MI 49938
Bessemer Branch300 South Sophie StreetBessemer, MI 49911
Bergland Branch649 West Highway, M-28Bergland, MI 49910
Ewen Branch207 Cedar StreetEwen, MI 49925

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