Great Lakes Federal Credit Union

Social
  • +1

A short history of Great Lakes FCU

Since its inception in 1963 the Great Lakes Federal Credit Union has been serving its members in the BAY CITY, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Justin Ebel, the Great Lakes FCU has grown its membership to over 5,074 with assets of more than $43,396,612. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (989) 893-2831 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BAY CITY, MI.

General Information For Great Lakes FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24874
Address 415 WASHINGTON AVENUE 
City BAY CITY 
State Michigan 
Zip-Code 48708
Phone Number (989) 893-2831
Fax Number (989) 893-0412
Email Address: ----
CEO/President Justin Ebel
Members 5,074 
Full-Time Employees 20 
Part-Time Employees
Number of Branch Offices
Total Assets 43,396,612 
Website http://cuplus.net 

Compare Great Lakes Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
United Bay Community CU Mattawan 52800 N Main St (269) 668-6336 No 3.59
Financialedge Community CU Euclid Office 1199 S Euclid Ave 48707 (989) 892-6088 No 4.92
Copoco Community CU Straits Branch 1479 Straits Dr 48706 (989) 684-1873 No 5.00
Sunrise Family CU Essexville Branch 190 N Powell Rd 48732 (989) 892-1833 No 5.12
Lake Huron CU Main Office 1540 Tittabawassee Rd 48603 (989) 752-5214 No 8.69

Great Lakes Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Great Lakes Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.60 4.35 5.04 5.37 7.46
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 437 323 328 311 455
Rank Among All Michigan Credit Unions 76 97 84 89 87

Great Lakes Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.15 0.35 0.75 1.01 1.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 108 81 32 170 140
Rank Among All Michigan Credit Unions 11 7 2 34 22
Great Lakes Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.600923696,713
All Other Unsecured Loans/Lines of Credit 11.2103661,160,089
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.35029509,607
Used Vehicle Loans 5.0403532,372,765
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.37026513,728,610
Total Other Real Estate Loans/Lines of Credit 7.46061556,548
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.1901131,042,076
TOTAL LOANS & LEASES 2,11020,066,408

Great Lakes Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 3118,44300
    b. 15 Years or less 733,801,79617727,458
Balloon/Hybrid
    a. > 15 years 30881,43300
    b. 15 Years or less 1598,926,93800
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 47405,789246,000
Closed-End Adjustable Rate 14150,75900
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 32614,285,15819773,458

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Great Lakes Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes