Overview / Commentary
Gratiot Community Credit Union is headquartered in Alma and is the 153rd largest credit union in the state of Michigan. It is also the 2,576th largest credit union in the nation. It was established in 1955 and as of June of 2020, it had grown to 13 employees and 6,200 members at 4 locations. Gratiot Community Credit Union 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 Q2 2020
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 | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 1.18% |
| Annual Interest Income | $663.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $43.3MM$37.6MM |
| Loans | Q2 2020vs Q2 2019 | $18.7MM$18.4MM |
| Deposits | Q2 2020vs Q2 2019 | $38.7MM$33.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $3.9MM$3.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $97.00K$100.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $29.00K$12.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |