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 61st largest bank in the state of Michigan. It is also the 3,481st largest bank in the nation. It was established in 2002 and as of March of 2025, it had grown to 29 employees at 4 locations. Gogebic Range Bank's CD rates are 3X the national average, and it has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57192
Year Established2002
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD7.35%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$139.4MM$150.1MM
LoansQ1 2025vs Q1 2024$55.5MM$56.6MM
DepositsQ1 2025vs Q1 2024$128.1MM$140.1MM
Equity CapitalQ1 2025vs Q1 2024$10.8MM$9.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.5MM$1.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1MM$975K
Real Estate OwnedQ1 2025vs Q1 2024$71K$80K
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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