Sep, 30, 2025 — GRACO FEDERAL CREDIT UNION is a federal credit union headquartered in ALMA, MI with 1 branch location and about $33.35 million in total assets. Opened 64 years ago in 1962, GRACO FEDERAL CREDIT UNION has about 3,401 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRACO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 835 W Warwick Dr ALMA, MI 48801-1147 |
| Phone: | (989) 463-1247 |
| Fax: | (989) 285-1583 |
| Website: | https://www.gracofcu.org |
| Branches: | 1 branch locations |
| Members: | 3,401 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15304 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,350,438 |
| CEO/Manager: | Stacy Grube |
| Chairperson: | Christine Lambert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,890,220 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,663,548 |
| Unsecured Loans | 1,232,743 |
| Other Loans | 13,149,048 |
| TOTAL LOANS | 16,045,339 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,452 |
| Land And Building | 1,424,338 |
| Other Fixed Assets | 92,472 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 261,841 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,350,438 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,124 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 242,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,971,813 |
| Regular shares | 15,743,392 |
| All Other Shares & Deposits | 7,945,855 |
| TOTAL SHARES & DEPOSITS | 29,661,060 |
| TOTAL LIABILITIES | 29,916,184 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,434,254 |
| TOTAL EQUITY | 3,434,254 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,350,438 |
| INCOME & EXPENSE | |
| Loan Income | 874,304 |
| Investment Income | 371,550 |
| Other Income | 95,554 |
| Total Employee Compensation & Benefits | 342,411 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 739,500 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,000 |
| Cost of Funds | 185,111 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 267,648 |
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