Great Lakes Members Credit Union

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A short history of Great Lakes Members CU

Since its inception in 1941 the Great Lakes Members Credit Union has been serving its members in the Dearborn, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Aldo Martin, the Great Lakes Members CU has grown its membership to over 1,170 with assets of more than $9,705,564. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (313) 274-5030 or email them at info@glmcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Dearborn, MI.

General Information For Great Lakes Members CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61888
Address 22720 Michigan Avenue 
City Dearborn 
State Michigan 
Zip-Code 48124
Phone Number (313) 274-5030
Fax Number (313) 274-5035
Email Address: info@glmcu.org
CEO/President Aldo Martin
Members 1,170 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 9,705,564 
Website http://www.glmcu.org 

Compare Great Lakes Members Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
United Churches CU Taylor 20252 Ecorse Rd 48180 (313) 382-1340 No 1.25
Dfcu Financial CU DFCU - Plymouth Road 2793 Plymouth Rd Ste A 48121 (313) 336-2700 No 1.78
Community Alliance CU Livonia 37401 Plymouth Rd 48150 (800) 287-0046 No 2.24
Memberfocus Community CU Main Office 6246 Chase Rd 48121 (313) 581-2002 No 3.80
Parkway CU Redford 23400 Plymouth Rd 48239 (313) 532-6451 No 4.89

Great Lakes Members Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Great Lakes Members Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.96 1.79 3.06 4.47 4.29
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 456 20 99 202 138
Rank Among All Michigan Credit Unions 83 5 27 58 25

Great Lakes Members Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 N/A 0.25 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 N/A 310 227
Rank Among All Michigan Credit Unions N/A 16 N/A 71 48
Great Lakes Members Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.960246346,382
All Other Unsecured Loans/Lines of Credit 10.290102244,761
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.79052821,984
Used Vehicle Loans 3.06064541,438
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.470242,179,487
Total Other Real Estate Loans/Lines of Credit 4.290389,775
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.4901290,096
TOTAL LOANS & LEASES 5034,313,923

Great Lakes Members Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 8633,74400
    b. 15 Years or less 9464,015174,300
Balloon/Hybrid
    a. > 15 years 4672,89800
    b. 15 Years or less 3408,830180,040
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 116,869117,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 272,90600
Open-End Fixed Rate 0000
TOTALS 272,269,2623171,340

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Great Lakes Members Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes