Great Lakes
Great Lakes is a credit union based in Bay City, Michigan, established in 1963, with $60 million in total assets serving 4,437 members. By Trust Grade it ranks 113th of 170 credit unions we track in Michigan. Its net worth ratio of 11.9% trails most similarly sized credit unions (32th percentile), versus a Michigan median of 11.7%. It posted a loss over the most recent period (-0.10% return on assets), a point to watch. No consumer complaints against Great Lakes appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Great Lakes compares to Michigan peers
How we graded Great Lakes
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.9% capital ratio)
- Unprofitable over the period (ROA -0.10%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Great Lakes over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Great Lakes insured?
Yes. Great Lakes is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Great Lakes: frequently asked questions
Is Great Lakes a good credit union?
Great Lakes earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Strongly capitalized (11.9% capital ratio); Unprofitable over the period (ROA -0.10%).
Is Great Lakes NCUA-insured?
Yes. Great Lakes is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Great Lakes?
Great Lakes holds $60 million in total assets, ranking 113th of 170 credit unions we track in Michigan. It serves 4,437 members.
Does Great Lakes have CFPB complaints?
No CFPB complaints against Great Lakes appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
