Great Lakes Members Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.05%	5-year CD	5 Year CD 2.90% - Goldman Sachs Bank USA High-yield 5 Year CD
0.25%	1-year CD	1 Year CD 1.80% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Share Savings 1.65% - Barclays Online Savings Account

View all Great Lakes Members Credit Union rates »

Overview / Commentary

www.glmcu.org

313-274-5030

22720 Michigan Avenue
Dearborn, MI 48124

Great Lakes Members Credit Union is headquartered in Dearborn and is the 210^th largest credit union in the state of Michigan. It is also the 4,193^rd largest credit union in the nation. It was established in 1941 and as of March of 2018, it had grown to 5 employees and 1,056 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

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Health

C+

Data as of Q1 2018

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 Members Credit Union has a very low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #	61888
Year Chartered	1941
Employees	5
Primary Regulator

Profit Margin
Return on Assets - YTD	-2.46%
Return on Equity - YTD	-9.46%
Annual Interest Income	$62.00K

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$9.5MM$9.8MM
Loans	Q1 2018vs Q1 2017	$3.6MM$4.4MM
Deposits	Q1 2018vs Q1 2017	$7.0MM$7.0MM
Equity Capital	Q1 2018vs Q1 2017	$2.5MM$2.7MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$6.00K$9.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$0$0
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Savings
CD

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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%	-	-	Share Savings

Great Lakes Members Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%^*	$10k^*	-	5 Year CD
OTHER TIERS: 1.00% → $500 - $10k
0.55%^*	$10k^*	-	3 Year CD
OTHER TIERS: 0.50% → $500 - $10k
0.40%^*	$10k^*	-	2 Year CD
OTHER TIERS: 0.35% → $500 - $10k
0.25%^*	$10k^*	-	1 Year CD
OTHER TIERS: 0.20% → $500 - $10k
0.15%^*	$10k^*	-	6 Month CD
OTHER TIERS: 0.10% → $500 - $10k

Locations

Great Lakes Members Credit Union Locations
Branch Office	22720 Michigan Ave	Dearborn, MI 48124
Branch Office	23617 Liberty St	Farmington, MI 48335-3530

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