Great Lakes Credit Union is headquartered in Bannockburn and is the 10th largest credit union in the state of Illinois. It is also the 330th largest credit union in the nation. It was established in 1938 and as of March of 2024, it had grown to 222 employees and 81,140 members at 14 locations. Great Lakes Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Great Lakes Credit Union is open to anyone by choosing the "Not Listed-Let us help!" option in the online application. Membership is also open to the following groups: (1) those who live or work in the Illinois counties of Cook (west of Route 83), Dupage, Kane, Kendal, Lake, McHenry, Will, and Kenosha County, Wisconsin, (2) Federal government employees, including active and retired military members, (3) employees of Select Employer Groups. Membership requirements are listed in the credit union's online application.
See current membership details
Related Posts
11/20 - 7% APY 7-Month CD On Up To $7,000
9/7 - Great Lakes Credit Union Adds Nationally Available 33-Month CD
3/1 - Increasing # Of Debits But No Rate Change
12/9/15 - 1.5% 15 Month Share Certificate
9/14/13 - Great Lake Credit Union Changed Their RCA Requirement...
3/8/13 - Update on Great Lakes Credit Union's Reward Checking Account
4/17/12 - Great Lakes Credit Union Will Drop Their Limit...
11/2/11 - Reward Checking with a Twist at Great Lakes Credit Union in IL - Local Only
12/19/08 - 4.00% 4-Month CD at Great Lakes Credit Union in IL & WI
2/5/07 - 6.00% 13-Month / 5.55% 5-Month CD at an Illinois CU - IRA (Great Lakes)
Data as of Q1 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60238 |
| Year Chartered | 1938 |
| Employees | 222 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 3.75% |
| Annual Interest Income | $15.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $1.44B$1.32B |
| Loans | Q1 2024vs Q1 2023 | $1.05B$1.09B |
| Deposits | Q1 2024vs Q1 2023 | $1.04B$977.4MM |
| Equity Capital | Q1 2024vs Q1 2023 | $92.2MM$86.3MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $9.2MM$15.6MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $3.4MM$1.9MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |
