Great Lakes First
Great Lakes First is a credit union based in Escanaba, Michigan, established in 1949, with $106 million in total assets serving 7,434 members. By Trust Grade it ranks 127th of 170 credit unions we track in Michigan. Its net worth ratio of 10.1% trails most similarly sized credit unions (32th percentile), versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 0.67% return on assets. No consumer complaints against Great Lakes First 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 First compares to Michigan peers
How we graded Great Lakes First
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (10.1% capital ratio)
- Profitable (ROA 0.67%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Great Lakes First over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Great Lakes First insured?
Yes. Great Lakes First 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 First: frequently asked questions
Is Great Lakes First a good credit union?
Great Lakes First earns a Bankzia Trust Grade of B (88/100, "Strong"), based on a financial-strength score of 88/100 (it has no CFPB complaints on record). Well-capitalized (10.1% capital ratio); Profitable (ROA 0.67%).
Is Great Lakes First NCUA-insured?
Yes. Great Lakes First 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 First?
Great Lakes First holds $106 million in total assets, ranking 127th of 170 credit unions we track in Michigan. It serves 7,434 members.
Does Great Lakes First have CFPB complaints?
No CFPB complaints against Great Lakes First 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.
