Great Lakes First Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	5-year CD	60 Month CD 2.25% - Bank of Internet USA 60 Month CD
0.75%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.10%	Savings	Shares Savings 1.20% - Ally Bank Online Savings Account

View all Great Lakes First Federal Credit Union rates »

Overview / Commentary

www.glffcu.com

906-786-4623

2110 3rd Ave N
Escanaba, MI 49829-2333

Great Lakes First Federal Credit Union is headquartered in Escanaba and is the 126^th largest credit union in the state of Michigan. It is also the 1,980^th largest credit union in the nation. It was established in 1949 and as of June of 2017, it had grown to 26 employees and 9,069 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 Q2 2017

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	0.46%
Return on Equity - YTD	4.51%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$70.4MM$67.4MM
Loans	Q2 2017vs Q2 2016	$34.1MM$32.7MM
Deposits	Q2 2017vs Q2 2016	$62.8MM$59.8MM
Equity Capital	Q2 2017vs Q2 2016	$7.2MM$7.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$148.00K$129.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$400.00K$520.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$24.00K

Rates

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Great Lakes First Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	IRA
0.10%	-	-	Shares Savings
0.10%	-	-	Clubs Account

Great Lakes First Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Draft Account

Great Lakes First Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$1k	-	60 Month CD
1.71%	$1k	-	48 Month CD
1.51%	$1k	-	36 Month CD
1.26%	$1k	-	30 Month CD
1.11%	$1k	-	24 Month CD
0.85%	$1k	-	18 Month CD
0.75%	$1k	-	12 Month CD
0.55%	$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