GREAT LAKES FIRST Credit Union Profile

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GREAT LAKES FIRST

Charter #6102 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (906) 786-4623

Fax: (906) 786-6724

Founding Date: N/A

Website: http://www.glffcu.com

Personnel & Operations

President: Mattonen, Hugo

Manager: Slagstad, Sarah

FT Employees: 27

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 49

Branches: 2

Hours: LOBBY - MONDAY THRU FRIDAY 9:00 AM TO 5:00

Credit Union Profile Summary

GREAT LAKES FIRST is a FCU Credit Union. With a total of 7,447 members [1], this institution manages approximately $98,630,189 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 10.09% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.82% [1].

Financial Snapshot

Total Assets [1]
$98,630,189

Total economic resources.

Total Loans [1]
$40,185,733

Total value of outstanding loans.

Total Deposits [1]
$90,854,215

Total funds deposited by members.

Members [1]
7,447

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.09%

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]
0.66%

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

Loan-to-Share Ratio [1]
44.23%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 5.09%

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

Loan Growth (4Q) [1]
↓ -2.82%

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

Member Growth (4Q) [1]
↓ -1.57%

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

Headquarters Location & Map

Headquarters Address

2110 3RD AVE N

ESCANABA, MI, 49829-2333
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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 2 branches reported by GREAT LAKES FIRST (Charter #6102).

Main Office

Escanaba office Main Office

Type: Corporate Office

2110 3rd Ave N

Escanaba, MI 49829-2333

Phone: (906) 786-4623

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Gladstone

Gladstone office

Type: Branch Office

1005 Delta Ave

Gladstone, MI 49837

Phone: (906) 428-2362

Services: Member Services, ATM, Drive-Thru

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