Sep, 30, 2025 — GREAT LAKES FEDERAL CREDIT UNION is a federal credit union headquartered in BAY CITY, MI with 3 branch locations and about $59.67 million in total assets. Opened 63 years ago in 1963, GREAT LAKES FEDERAL CREDIT UNION has about 4,521 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT LAKES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 415 Washington Ave BAY CITY, MI 48708-5712 |
| Phone: | (989) 893-2831 |
| Fax: | (989) 893-0412 |
| Website: | https://www.greatlakesfcu.com |
| Branches: | 3 branch locations |
| Members: | 4,521 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24874 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $59,673,680 |
| CEO/Manager: | Justin D Ebel |
| Chairperson: | Randall L Frank |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,045,373 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,526,035 |
| Unsecured Loans | 958,245 |
| Other Loans | 10,401,864 |
| TOTAL LOANS | 25,886,144 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,521 |
| Land And Building | 1,938,431 |
| Other Fixed Assets | 56,565 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 491,040 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,673,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,833 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 147,178 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,417,470 |
| Regular shares | 32,850,748 |
| All Other Shares & Deposits | 6,885,449 |
| TOTAL SHARES & DEPOSITS | 50,153,667 |
| TOTAL LIABILITIES | 54,315,678 |
| Regular Reserve | 0 |
| Other Reserves | -154,952 |
| Undivided Earnings | 5,512,954 |
| TOTAL EQUITY | 5,358,002 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,673,680 |
| INCOME & EXPENSE | |
| Loan Income | 1,166,601 |
| Investment Income | 412,220 |
| Other Income | 306,639 |
| Total Employee Compensation & Benefits | 539,806 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 887,145 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,901 |
| Cost of Funds | 274,500 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 204,870 |
| ↑ Back to Top | |