Great Lakes First Federal Credit Union

Overview / Commentary

www.glffcu.com

906-786-4623

2110 3rd Ave N
Escanaba, MI 49829

Great Lakes First Federal Credit Union is headquartered in Escanaba and is the 121^st largest credit union in the state of Michigan. It is also the 1,933^rd largest credit union in the nation. It was established in 1949 and as of December of 2019, it had grown to 26 employees and 8,022 members at 2 locations. Great Lakes First Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Delta County, the townships of Bay de Noc, Brampton, Ensign or Masonville or within a 4 mile radius of the post office located in Gladstone, Michigan. Also open to employees of Harnischfeger Corporation in Escanaba, Michigan or several other organizations.
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Health

B+

Data as of Q4 2019

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 First Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	6102
Year Chartered	1949
Employees	26
Primary Regulator

Profit Margin
Return on Assets - YTD	0.93%
Return on Equity - YTD	8.08%
Annual Interest Income	$3.1MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$73.9MM$71.1MM
Loans	Q4 2019vs Q4 2018	$37.0MM$36.5MM
Deposits	Q4 2019vs Q4 2018	$64.8MM$63.2MM
Equity Capital	Q4 2019vs Q4 2018	$8.5MM$7.3MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$313.00K$332.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$607.00K$394.00K
Real Estate Owned	Q4 2019vs Q4 2018	$0$70.00K

Rates

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Savings
Checking
CD

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Great Lakes First Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	IRA
0.50%	-	-	HSA Account
0.20%	-	-	Shares Savings
0.20%	-	-	Christmas Club
0.20%	-	-	Vacation Club

Great Lakes First Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Draft Account

Great Lakes First Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.61%	$1k	-	60 Month CD
1.46%	$1k	-	48 Month CD
1.26%	$1k	-	36 Month CD
1.16%	$1k	-	30 Month CD
1.11%	$1k	-	24 Month CD
0.85%	$1k	-	18 Month CD
0.75%	$1k	-	12 Month CD
0.60%	$1k	-	6 Month CD

Locations

Great Lakes First Federal Credit Union Locations
Branch Office	1005 Delta Ave	Gladstone, MI 49837
Branch Office	2110 3rd Ave N	Escanaba, MI 49829-2333

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