GREAT LAKES Credit Union Profile

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GREAT LAKES

Charter #24874 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (989) 893-2831

Fax: (989) 893-0412

Founding Date: N/A

Website: http://www.greatlakesfcu.com

Personnel & Operations

President: Frank, Randall

Manager: Ebel, Justin

FT Employees: 16

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 3

Hours: 9am - 5pm Monday - Thursday 8:30am - 5:30

Credit Union Profile Summary

GREAT LAKES is a FCU Credit Union. With a total of 4,546 members [1], this institution manages approximately $60,039,900 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.53% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -9.06% [1].

Financial Snapshot

Total Assets [1]
$60,039,900

Total economic resources.

Total Loans [1]
$25,957,382

Total value of outstanding loans.

Total Deposits [1]
$50,769,510

Total funds deposited by members.

Members [1]
4,546

Number of active members.

Performance Ratios

Net Worth Ratio [1]
11.53%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.35%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
51.13%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -1.20%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -9.06%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.75%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

415 Washington Ave

Bay City, MI, 48708-5712
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by GREAT LAKES (Charter #24874).

Main Office

Great Lake FCU Main Office

Type: Corporate Office

415 Washington Ave

Bay City, MI 48708-5712

Phone: (989) 893-2831

Services: Member Services, Drive-Thru

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Additional Branches

Bay City

Great Lakes FCU

Type: Branch Office

1002 W Indiana St

Bay City, MI 48706-4200

Phone: (989) 684-4200

Services: Member Services, Drive-Thru

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Birch Run

Great Lakes FCU

Type: Branch Office

9315 Tiffany Blvd

Birch Run, MI 48415-9442

Phone: (989) 624-9344

Services: Member Services, Drive-Thru

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