Great Lakes First Federal Credit Union
Great Lakes First Federal Credit Union is headquartered in Escanaba and is the 119th largest credit union in the state of Michigan. It is also the 1,915th largest credit union in the nation. It was established in 1949 and as of June of 2019, it had grown to 27 employees and 8,134 members at 2 locations. Great Lakes First Federal Credit Union's CD rates are 12% higher than the national average, and it 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.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6102 |
| Year Chartered | 1949 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 8.27% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $74.8MM$72.3MM |
| Loans | Q2 2019vs Q2 2018 | $37.2MM$34.3MM |
| Deposits | Q2 2019vs Q2 2018 | $65.8MM$64.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $8.2MM$6.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $334.00K$258.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $539.00K$285.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$34.00K |
Always verify rates and promotions with the bank or credit union. We are not Great Lakes First Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Great Lakes First Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | IRA | |
| 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 | VIEW DETAILS |
|---|---|---|---|---|
| 2.32% | $1k | - | 60 Month CD | |
| 2.02% | $1k | - | 48 Month CD | |
| 1.76% | $1k | - | 36 Month CD | |
| 1.51% | $1k | - | 30 Month CD | |
| 1.36% | $1k | - | 24 Month CD | |
| 1.11% | $1k | - | 18 Month CD | |
| 1.01% | $1k | - | 12 Month CD | |
| 0.75% | $1k | - | 6 Month CD |
| 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 |