Great Lakes Members Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.05% | 5-year CD | 5 Year CD 2.35% - Synchrony Bank 60 Month CD |
| 0.25% | 1-year CD | 1 Year CD 1.40% - Synchrony Bank 12 Month CD |
| 0.05% | Savings | Share Savings |
Great Lakes Members Credit Union is headquartered in Dearborn and is the 218th largest credit union in the state of Michigan. It is also the 4,242nd largest credit union in the nation. It was established in 1941 and as of March of 2017, it had grown to 5 employees and 1,200 members at 2 locations. Great Lakes Members Credit Union has a C+ health rating.
Field of Membership Restrictions
Great Lakes Members Credit Union of Michigan is open to businesses, accredited institutions, residents, church members, registered students and the people that maintain employment within these qualified cities and towns: Dearborn, Dearborn Heights, Garden City, Inkster, Wayne, Westland, Livonia, and the town of Redford, along with the people that still qualify as eligible under the original field of membership by their particular employment classification and residential location that is defined and listed on the credit union website, Dearborn Postal Employees, and the family members of current credit union members.
See current membership details
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61888 |
| Year Chartered | 1941 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.52% |
| Return on Equity - YTD | -5.57% |
| Annual Interest Income | $64.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $9.8MM$10.1MM |
| Loans | Q1 2017vs Q1 2016 | $4.4MM$4.7MM |
| Deposits | Q1 2017vs Q1 2016 | $7.0MM$7.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $2.7MM$2.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $9.00K$8.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $0$2.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Great Lakes Members 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 Members Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | IRA Savings | |
| 0.05% | - | - | Share Savings |
Great Lakes Members Credit Union CD Rates
| Great Lakes Members Credit Union Locations | ||
|---|---|---|
| Branch Office | 22720 Michigan Ave | Dearborn, MI 48124 |
| Branch Office | 23617 Liberty St | Farmington, MI 48335-3530 |