GERBER

Headquarters

PO BOX 116
Fremont, MI 49412
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.65% 0.85% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Gerber is an NCUA insured institution located in Fremont, MI. It was founded in 1950 and has approximately $169.59 millions in assets.

NCUA Insured Yes
Charter Number # # 6832
Date Established 1950
Assets $169.59 million
Loans $93.68 million
Deposits $150.78 million
Capital $17.14 million
 

Field of Membership Restrictions

Must be an employee of Nestle/Gerber Products Company or several other Select Employer Groups.

Deposit Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for GERBER

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,868 $988 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to GERBER
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Gerber 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:
Fairfield,Connecticut


Gerber Locations


Financial Details

Gerber Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gerber. 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
Gerber U.S. Average
9.12% 6.71

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 March 30, 2020, Gerber had $1,294,322 in non-current loans and $310,000 in owned assets. To cover these potential losses it had $17,139,782 in net worth and $455,377 in loans loss reserves. That gives it a Texas Ratio of 9.12%.

Net Worth
Gerber U.S. Average
10.1% 13.61%

Gerber FCU has a net worth of 10.1% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Gerber

Branches and Savings

What is Gerber?

A federal credit union, registered with the NCUA under certificate #6832.
Learn more about credit unions here.

Is Gerber FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Gerber?

Please see Field of Membership information above for information on who is eligible to join.

What are Gerber's share account and share certificate rates?

Gerber's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Gerber?

Gerber has total capital of $17.14 million. Full information on Gerber's financial position is located above.

Who owns Gerber?

Credit Unions are owned by their members.

Where are Gerber branches located?

See branch locations nearby.

Are Gerber ATMs Open 24/7?

Do Gerber ATMs accept cash deposits?

Can Gerber customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Gerber have a mobile app?

Does Gerber have mobile deposit?

Does Gerber have quick pay?

How can Gerber transfer money to other banks or credit unions?

Does Gerber report to credit bureaus?

Does Gerber use Chexsystems?

Does Gerber use Equifax?

What is Gerber's toll free phone number?

What is Gerber's ACH Routing Number?

What is Gerber's SWIFT code?

Where can I find Gerber's wire transfer form?

What is the Gerber address for deposits?

What Products Does Gerber Offer

Does Gerber offer mortgages?

Compare mortgage rates here.

Does Gerber offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gerber offer auto and RV loans?

Compare auto loan rates here.

Does Gerber offer student loans or personal loans?

Compare personal loan rates here.

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