Gogebic Range Bank


Overview / Commentary
906-932-7646
155 East Cloverland Drive
Ironwood, MI 49938

Gogebic Range Bank is headquartered in IRONWOOD and is the 62nd 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 June of 2024, 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
C+

Health Grade Components

Overall
FDIC Certificate #57192
Year Established2002
Employees34
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD8.32%
Annual Interest Income$3MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$146.1MM$151MM
LoansQ2 2024vs Q2 2023$58.2MM$57.5MM
DepositsQ2 2024vs Q2 2023$132.1MM$139.9MM
Equity CapitalQ2 2024vs Q2 2023$9.8MM$8.5MM
Loan Loss AllowanceQ2 2024vs Q2 2023$1.5MM$1.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$994K$974K
Real Estate OwnedQ2 2024vs Q2 2023$80K$71K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$0-Lil Rangers Savings
0.03%$100-Range Savings Passbook
0.03%$0-Club Account
0.03%$0-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Personal Money Market
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k
0.30%*$100k*-IRA Money Market Account
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k
0.30%*$100k*-Business Money Market
OTHER TIERS: 0.10% $0 - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k

Gogebic Range Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$25k*-Business Now Checking
OTHER TIERS: 0.02% $0 - $10k | 0.03% $10k - $25k
0.05%*$5k*-Public Funds Checking
OTHER TIERS: 0.02% $0 - $1k | 0.03% $1k - $5k
0.03%$0-Gogebic Rangers Checking
0.03%$500-Personal Now Checking

Gogebic Range Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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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