Sep, 30, 2025 — GRATIOT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALMA, MI with 3 branch locations and about $56.20 million in total assets. Opened 71 years ago in 1955, GRATIOT COMMUNITY CREDIT UNION has about 6,645 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRATIOT COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 211 W Center St ALMA, MI 48801-2206 |
| Phone: | (989) 463-8321 |
| Fax: | (989) 463-8324 |
| Website: | https://www.gratiotcu.org |
| Branches: | 3 branch locations |
| Members: | 6,645 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61986 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,200,720 |
| CEO/Manager: | Katina Struble |
| Chairperson: | Sharol Pominville |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,296,203 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,962,397 |
| Unsecured Loans | 2,689,819 |
| Other Loans | 24,325,403 |
| TOTAL LOANS | 36,977,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -518,064 |
| Land And Building | 2,433,379 |
| Other Fixed Assets | 95,885 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 487,229 |
| All Other Assets | 1,362 |
| TOTAL ASSETS | 56,200,720 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,339 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,043,080 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,047,278 |
| Regular shares | 20,218,691 |
| All Other Shares & Deposits | 18,999,706 |
| TOTAL SHARES & DEPOSITS | 50,265,675 |
| TOTAL LIABILITIES | 51,335,094 |
| Regular Reserve | 0 |
| Other Reserves | -9,614 |
| Undivided Earnings | 4,875,240 |
| TOTAL EQUITY | 4,865,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,200,720 |
| INCOME & EXPENSE | |
| Loan Income | 1,876,182 |
| Investment Income | 388,331 |
| Other Income | 463,669 |
| Total Employee Compensation & Benefits | 899,491 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 970,786 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 251,049 |
| Cost of Funds | 420,336 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 388,394 |
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