Sep, 30, 2025 — GOGEBIC COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER, MI with 1 branch location and about $36.62 million in total assets. Opened 74 years ago in 1952, GOGEBIC COUNTY FEDERAL CREDIT UNION has about 3,768 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOGEBIC COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 W Lead St BESSEMER, MI 49911 |
| Phone: | (906) 663-4011 |
| Fax: | (906) 663-4824 |
| Website: | https://www.gogebicfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,768 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7644 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,621,053 |
| CEO/Manager: | Jane M Baker |
| Chairperson: | JAY KANGAS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,616,828 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,001 |
| Unsecured Loans | 3,605,457 |
| Other Loans | 9,097,477 |
| TOTAL LOANS | 12,703,935 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,717 |
| Land And Building | 88,473 |
| Other Fixed Assets | 36,050 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 284,633 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,621,053 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 341 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 208,573 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,426,450 |
| Regular shares | 21,450,116 |
| All Other Shares & Deposits | 602,584 |
| TOTAL SHARES & DEPOSITS | 30,479,149 |
| TOTAL LIABILITIES | 30,688,063 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,932,990 |
| TOTAL EQUITY | 5,932,990 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,621,053 |
| INCOME & EXPENSE | |
| Loan Income | 831,387 |
| Investment Income | 614,408 |
| Other Income | 111,439 |
| Total Employee Compensation & Benefits | 331,284 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 581,064 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,315 |
| Cost of Funds | 47,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 673,335 |
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