Great Lakes Members Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.05% | 5-year CD | 5 Year CD 2.03% - National Average |
| 0.25% | 1-year CD | 1 Year CD 2.45% - Synchrony Bank 12 Month CD |
| 0.05% | Savings | Share Savings |
Great Lakes Members Credit Union is headquartered in Dearborn and is the 212th largest credit union in the state of Michigan. It is also the 4,373rd largest credit union in the nation. It was established in 1941 and as of June of 2018, it had grown to 5 employees and 935 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 Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61888 |
| Year Chartered | 1941 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -10.58% |
| Return on Equity - YTD | -43.64% |
| Annual Interest Income | $123.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $7.4MM$9.7MM |
| Loans | Q2 2018vs Q2 2017 | $3.3MM$4.3MM |
| Deposits | Q2 2018vs Q2 2017 | $4.8MM$7.0MM |
| Equity Capital | Q2 2018vs Q2 2017 | $2.1MM$2.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $53.00K$9.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $0$0 |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
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* 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% | $5 | - | 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 |