Overview / Commentary
Gratiot Community Credit Union is headquartered in Alma and is the 156th largest credit union in the state of Michigan. It is also the 2,649th largest credit union in the nation. It was established in 1955 and as of September of 2019, it had grown to 14 employees and 6,120 members at 3 locations. Gratiot Community Credit Union's CD rates are 96% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Gratiot Community Credit Union of Michigan is open to the residents, church members, and the people that maintain employment within these qualified counties: Gratiot, Mecosta, Isabella, Midland, Montcalm, Saginaw, Ionia, Clinton, and Shiawassee, and the family members of the current credit union members.
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional 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. Gratiot Community Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61986 |
| Year Chartered | 1955 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 6.32% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $36.4MM$34.5MM |
| Loans | Q3 2019vs Q3 2018 | $17.9MM$18.8MM |
| Deposits | Q3 2019vs Q3 2018 | $32.1MM$30.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $3.7MM$3.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $103.00K$137.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $53.00K$122.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |