Credit union · NCUA insured
Great Lakes First Federal Credit Union
Top CarrotA $105.7M credit union headquartered in Escanaba, MI, with 7,434 members and 2 branches in Michigan. Best rates: CDs 3.70% and savings 0.20% APY.
Great Lakes First Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 83% of U.S. banks and credit unions
#3 of 6 in Escanaba, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Great Lakes First Federal Credit Union
Great Lakes First Federal Credit Union was established in 1949 as Harnischfeger Employees of Escanaba Federal Credit Union before adopting its current name in 1983.
The credit union merged with Teamsters Local 328 Federal Credit Union in 1982 and with Gladstone Community Federal Credit Union in 1991.
Headquartered with its main office in Escanaba, Michigan, the credit union serves Delta County with locations in Escanaba and Gladstone.
- Headquarters
- 2110 3rd Ave N, Escanaba, MI 49829-2333
- NCUA charter
- 6102
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in, as well as businesses and other legal entities located within a 4-mile radius of the post office in Gladstone, MI, are eligible for membership.
- Persons who live, work, worship, or attend school in, and businesses and other legal entities located in the Michigan townships of Bay de Noc, Brampton, Ensign, and Masonville are eligible for membership.
- Persons living, regularly working, worshiping, attending school, volunteering, or participating in associations or poverty/distress alleviation programs in the underserved area of Delta County, as well as qualifying organizations in that area, are eligible for membership.
Employers and groups
- Employees of the Harnischfeger Corporation in Escanaba, MI are eligible for membership.
- Members of Esky Band Boosters in Escanaba, Michigan who qualify for membership in accordance with its charter and bylaws in effect on September 30, 1992 are eligible for membership.
- Employees of Great Lakes First Federal Credit Union are eligible for membership.
9 more ways to join
Employers and groups
- Members of Teamsters Local #328 in Escanaba, MI are eligible for membership.
- Employees of Alger Delta Co-Op Electric Corporation who work in Gladstone, MI are eligible for membership.
- Employees of Northern Michigan Splice Veneer (now called Besse Forest Products) who work in Gladstone, MI are eligible for membership.
- Employees of Marble Arms Company who work in Gladstone, MI are eligible for membership.
- Employees of LaPine Brothers who work in Gladstone, MI are eligible for membership.
Family and household
- Spouses of persons who died while within the field of membership of the credit union are eligible for membership.
- Immediate family members (spouse, child, sibling, parent, grandparent, grandchild, including adoptive and step relationships) or household members of eligible persons are eligible for membership.
Other ways
- Persons retired as pensioners or annuitants from qualifying employment are eligible for membership.
- Organizations of eligible persons are eligible for membership.
Branches
2 branches in Michigan
Loading map…
Michigan
2 branches
- Escanaba officeMain office2110 3rd Ave N, Escanaba, MI 49829Directions
- Gladstone office1005 Delta Ave, Gladstone, MI 49837Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.32% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.15% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.78% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $44 | $76 | — |
- CapitalNet worth ratio10.32%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.15%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.78%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$44Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Great Lakes First Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.