Graco Federal Credit Union

Overview / Commentary

www.gracofcu.org

989-463-1247

835 W Warwick Dr
Alma, MI 48801

Graco Federal Credit Union is headquartered in Alma and is the 158^th largest credit union in the state of Michigan. It is also the 2,955^th largest credit union in the nation. It was established in 1962 and as of June of 2024, it had grown to 10 employees and 3,431 members at 1 location. Graco Federal Credit Union's money market rates are 10X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Graco Federal Credit Union is open to those who live, work, worship, or attend school in Gratiot County, Michigan.
See current membership details

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Health

Data as of Q2 2024

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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. Graco Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	15304
Year Chartered	1962
Employees	10
Primary Regulator

Profit Margin
Return on Assets - YTD	1.3%
Return on Equity - YTD	12.69%
Annual Interest Income	$755K

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$29.1MM$30.3MM
Loans	Q2 2024vs Q2 2023	$18MM$18.3MM
Deposits	Q2 2024vs Q2 2023	$25.9MM$27.4MM
Equity Capital	Q2 2024vs Q2 2023	$3MM$2.6MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$156K$204K
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$119K$80K
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Graco Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$0	-	IRA Shares
0.05%	$0	-	Share Account
0.05%	$0	-	Christmas Club Account

Graco Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.33%^*	$50k^*	-	Money Market Share Account
OTHER TIERS: 0.50% → $1.5k - $5k \| 1.51% → $5k - $15k \| 2.73% → $15k - $50k
0.75%^*	$50k^*	-	Money Market Share Draft Account
OTHER TIERS: 0.25% → $1.5k - $5k \| 0.35% → $5k - $50k

Graco Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.52%	$1k	-	12 Month CD
4.37%	$1k	-	24 Month CD
4.32%	$1k	-	36 Month CD
4.06%	$500	-	6 Month CD
4.06%	$1k	-	48 Month CD

Locations

Graco Federal Credit Union Locations
Corporate Office	835 W Warwick Dr	Alma, MI 48801-1147

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