Gerber Federal Credit Union

Headquarters

Po Box 116
Fremont, MI 49412
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 3.05% →
1-Year CD 0.65% 3.30% →
2-Year CD 0.80% 3.56% →
5-Year CD 1.25% 3.75% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Gerber is an NCUA insured institution located in Fremont, MI. It was founded in 1950 and has approximately $228.53 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 6832
Date Established 1950
Assets $228.53 million
Loans $110.15 million
Deposits $210.06 million
Capital $19.88 million
 

Field of Membership Restrictions

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

Deposit Rates - September 24, 2022

Your Current Location: Washington, WA 98101

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 - September 24, 2022

Your Current Location: Washington, WA 98101

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 - Washington 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Sammamish Mortgage Company
NMLS ID: 118653
License#: CL-118653
6.321% 6.250% 0.75 $1,880 $1,540 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.022% 6.875% 1.00 $3,750 $1,643 Learn More
Northpointe Bank
NMLS ID: 447490
6.466% 6.375% 1.00 $2,395 $1,560 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
6.254% 6.125% 1.00 $3,452 $1,520 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
3.240 %
After Intro: 6.890 %
Intro Period: 6 months
$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:
Seattle,Washington


Gerber Locations



Climate Initiatives

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

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
4.28% 4.75

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 31, 2022, Gerber had $557,773 in non-current loans and $310,000 in owned assets. To cover these potential losses it had $19,884,833 in net worth and $371,187 in loans loss reserves. That gives it a Texas Ratio of 4.28%.

Net Worth
Gerber U.S. Average
8.7% 12.28%

Gerber FCU has a net worth of 8.7% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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