Great Lakes Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.greatlakesfcu.com

989-893-2831

415 Washington Avenue
Bay City, MI 48708

Great Lakes Federal Credit Union is headquartered in Bay City and is the 135^th largest credit union in the state of Michigan. It is also the 2,279^th largest credit union in the nation. It was established in 1963 and as of December of 2024, it had grown to 18 employees and 4,599 members at 3 locations. Great Lakes Federal Credit Union's CD rates are 62% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Great Lakes Federal offers membership to those who work, worship or live in the township of of Birch Run & Taymouth in Saginaw County, as well as, the counties of Bay, Gladwin, Midland and Tuscola.
See current membership details

Reviews

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Health

C+

Data as of Q4 2024

Learn why bank health matters

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. Great Lakes Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	24874
Year Chartered	1963
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	0.16%
Return on Equity - YTD	2.2%
Annual Interest Income	$2.1MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$59.5MM$60.4MM
Loans	Q4 2024vs Q4 2023	$27.6MM$27.1MM
Deposits	Q4 2024vs Q4 2023	$50.7MM$51.8MM
Equity Capital	Q4 2024vs Q4 2023	$4.3MM$3.4MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$89K$136K
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$344K$258K
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.45%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Great Lakes Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Great Lakes Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	$0	-	Christmas Club
0.30%	$0	-	Vacation Club
0.15%^*	$10k^*	-	Prime Share Account
OTHER TIERS: 0.05% → $10 - $2.5k \| 0.10% → $2.5k - $10k
0.15%^*	$10k^*	-	Side Share
OTHER TIERS: 0.05% → $0 - $2.5k \| 0.10% → $2.5k - $10k

Great Lakes Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$0	-	Money Market

Great Lakes Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$10k^*	-	Low Cost Draft
OTHER TIERS: 0.05% → $3.5k - $10k

Great Lakes Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.56%	$500	-	36 Month Certificate-Monthly
3.55%	$500	-	36 Month Certificate
3.04%	$500	-	24 Month Certificate-Monthly
3.03%	$500	-	24 Month Certificate
1.46%	$500	-	12 Month Certificate
1.21%	$500	-	60 Month Certificate
1.21%	$500	-	60 Month Certificate-Monthly

Locations

Great Lakes Federal Credit Union Locations
Branch Office	1002 W Indiana St	Bay City, MI 48706-4200
Corporate Office	415 Washington Ave	Bay City, MI 48708-5712
Branch Office	9315 Tiffany Blvd	Birch Run, MI 48415-9442

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