🏦Bank Scorer

GOGEBIC COUNTY

Bessemer, MI · Federal Credit Union · Chartered in MI

LICUWell Capitalized

Who can join

Employer / occupational group

Charter #7644Est. 1952RSSD: 389488

Members

3,746

Net Worth Ratio

16.57%

min. 7% = Well Capitalized

Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.

At a Glance

Total Assets

$38.7M

Peer Group 3

Members

3,746

as of latest quarter

Net Worth Ratio

16.57%

Well Capitalized

Institution Profile

NCUA

Address

600 W Lead St, Bessemer, MI 49911

Chartered

1952

Branch Locations

3 locations

Membership Eligibility

Employer / occupational group

Financial Snapshot

As of Q1 2026NCUA 5300 Call Report

Total Assets

$38.7M

Total Shares

$32.1M

Total Loans

$11.5M

Net Worth Ratio

16.57%

≥7% = Well Capitalized

Members

3,746

Delinquency Rate (60d+)

0.34%

$39K

Loan-to-share ratio: 35.8%· healthy range 60–80%

Branch Locations

NCUA

Gogebic County Federal Credit Union

600 W Lead St, Bessemer, MI, 49911

Lobby 9am-5pm Monday thru Friday-Drive thru 8am-5pm Monday thru Firday Lobby and Drive thru 9am-noon Saturday

MainDrive-thru

Computer Doctors

930 E Cloverland Dr, IRONWOOD, MI, 49938-1546

8-4 M/F

1st Nat'l Bank

402 Sunday Lake St, Wakefield, MI, 49968

9 am-4pm Monday thru Friday

Mortgage Lending (HMDA)

CFPB HMDA

Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.

Consumer Complaints

CFPB / NCUA

No CFPB complaint data available for this credit union.

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Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.