Sep, 30, 2025 — GERBER FEDERAL CREDIT UNION is a federal credit union headquartered in FREMONT, MI with 3 branch locations and about $248.80 million in total assets. Opened 76 years ago in 1950, GERBER FEDERAL CREDIT UNION has about 16,119 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GERBER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 508 State St FREMONT, MI 49412 |
| Phone: | (231) 924-4880 |
| Fax: | (231) 924-7181 |
| Website: | https://www.gerberfcu.com |
| Branches: | 3 branch locations |
| Members: | 16,119 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6832 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $248,796,179 |
| CEO/Manager: | John P Buckley |
| Chairperson: | Jason DeKuiper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,946,857 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,190,000 |
| Real Estate Loans | 46,543,094 |
| Unsecured Loans | 12,733,117 |
| Other Loans | 77,264,383 |
| TOTAL LOANS | 139,452,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -902,260 |
| Land And Building | 2,831,423 |
| Other Fixed Assets | 324,616 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,129,797 |
| All Other Assets | 0 |
| TOTAL ASSETS | 248,796,179 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,319,961 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,269,640 |
| Regular shares | 46,372,604 |
| All Other Shares & Deposits | 135,023,377 |
| TOTAL SHARES & DEPOSITS | 222,665,621 |
| TOTAL LIABILITIES | 225,985,582 |
| Regular Reserve | 0 |
| Other Reserves | -313,291 |
| Undivided Earnings | 23,123,888 |
| TOTAL EQUITY | 22,810,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,796,179 |
| INCOME & EXPENSE | |
| Loan Income | 6,382,309 |
| Investment Income | 1,004,772 |
| Other Income | 870,400 |
| Total Employee Compensation & Benefits | 3,082,023 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,196,466 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 393,056 |
| Cost of Funds | 2,531,740 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,767,194 |
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