Sep, 30, 2025 — GR CONSUMERS CREDIT UNION is a federally insured state chartered credit union headquartered in WYOMING, MI with 2 branch locations and about $49.28 million in total assets. Opened 85 years ago in 1941, GR CONSUMERS CREDIT UNION has about 2,843 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GR CONSUMERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1073 Gezon Pkwy SW WYOMING, MI 49509-9542 |
| Phone: | (616) 538-2810 |
| Fax: | (616) 538-2448 |
| Website: | https://www.grccu.com |
| Branches: | 2 branch locations |
| Members: | 2,843 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68332 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,276,933 |
| CEO/Manager: | Amber Velthouse |
| Chairperson: | Rex Welbon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,394,763 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,938,784 |
| Unsecured Loans | 2,086,689 |
| Other Loans | 11,891,886 |
| TOTAL LOANS | 23,917,360 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -172,568 |
| Land And Building | 3,888,529 |
| Other Fixed Assets | 422,231 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 400,546 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,276,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,481 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 490,233 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,622,539 |
| Regular shares | 16,145,216 |
| All Other Shares & Deposits | 17,370,039 |
| TOTAL SHARES & DEPOSITS | 40,137,793 |
| TOTAL LIABILITIES | 40,647,507 |
| Regular Reserve | 0 |
| Other Reserves | 58,954 |
| Undivided Earnings | 8,570,472 |
| TOTAL EQUITY | 8,629,426 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,276,933 |
| INCOME & EXPENSE | |
| Loan Income | 1,026,221 |
| Investment Income | 474,892 |
| Other Income | 236,605 |
| Total Employee Compensation & Benefits | 699,474 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 979,479 |
| Non-operating Income & (Expense) | 361,580 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 152,500 |
| Cost of Funds | 341,034 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 162,929 |
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