Great Lakes Credit Union

Headquarters

P.o. Box 1289
Bannockburn, IL 60015
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 1.55% 4.80% →
2-Year CD 1.65% 4.25% →
5-Year CD 1.95% 4.00% →
30-Year Mortgage 7.27% 4.91% →
15-Year Mortgage 6.97% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Great Lakes is an NCUA insured institution located in Bannockburn, IL. It was founded in 1938 and has approximately $1599.44 millions in assets.

Who can join?

You are eligible to become a GLCU member if you live or work in Lake, McHenry, Cook Counties in Illinois and Kenosha, Milwaukee Counties in Wisconsin.

NCUA Insured Yes / State-Chartered
Charter Number # # 60238
Date Established 1938
Assets $1,599.44 million
Loans $1,201.95 million
Deposits $1,171.75 million
Capital $136.45 million
 

Field of Membership Restrictions

Membership in Great Lakes Credit Union is open to anyone through choosing the "Not Listed-Let us help!" option in the online application. Membership is also open to the following groups: (1) those who live or work in the Illinois counties of Cook (west of Route 83), Dupage, Kane, Kendal, Lake, McHenry, Will, and Kenosha County, Wisconsin, (2) Federal government employees, including active and retired military members, (3) employees of Select Employer Groups. Membership requirements are listed in the credit union's online application.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.05% $100 - Learn More
Money Market
0.05% $2,500 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
Premium Money Market Account
0.00% $0 $10,000 Learn More
Premium Money Market Account
0.50% $10,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
1.25% $1,000 - Learn More
12 Mo CD
1.55% $100,000 - Learn More
24 Mo CD
1.35% $1,000 - Learn More
24 Mo CD
1.65% $100,000 - Learn More
36 Mo CD
1.45% $1,000 - Learn More
36 Mo CD
1.75% $100,000 - Learn More
48 Mo CD
1.55% $1,000 - Learn More
48 Mo CD
1.85% $100,000 - Learn More
60 Mo CD
1.65% $1,000 - Learn More
60 Mo CD
1.95% $100,000 - Learn More
Checking Rates APY MIN FEE
Free Checking + Debit Rewards 5.00% $0 $5.00 Learn MoreShow Less

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 2.99% 2.99% $553.25
5 Year 3.24% 3.24% $451.89
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Below are Great Lakes branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

GREAT LAKES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Great Lakes Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Great Lakes. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Great Lakes U.S. Average
9.83% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Great Lakes had $13,689,202 in non-current loans and $2 in owned assets. To cover these potential losses it had $136,448,892 in net worth and $2,810,513 in loans loss reserves. That gives it a Texas Ratio of 9.83%.

Net Worth
Great Lakes U.S. Average
8.5% 13.93%

Great Lakes FCU has a net worth of 8.5% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Great Lakes

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