Great Lakes Credit Union


Overview / Commentary
847-578-7000
1289
Bannockburn, IL 60015

Great Lakes Credit Union is headquartered in Bannockburn and is the 10th largest credit union in the state of Illinois. It is also the 314th largest credit union in the nation. It was established in 1938 and as of December of 2024, it had grown to 256 employees and 104,810 members at 20 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

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Health

Health Grade Components

Overall
NCUA #60238
Year Chartered1938
Employees256
Primary Regulator
Profit Margin
Return on Assets - YTD-0.21%
Return on Equity - YTD-3.28%
Annual Interest Income$67.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.49B$1.32B
LoansQ4 2024vs Q4 2023$1.17B$1.06B
DepositsQ4 2024vs Q4 2023$1.22B$1B
Equity CapitalQ4 2024vs Q4 2023$96.1MM$92.1MM
Loan Loss AllowanceQ4 2024vs Q4 2023$8.8MM$10MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$12.8MM$4MM
Real Estate OwnedQ4 2024vs Q4 2023$152K$0
Rates

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Locations

Availability



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