Savings Account
(Share Account)
A savings (or Share Draft) Account is the standard account you receive when you become a member of Great Lakes First Federal Credit Union and it’s your in to all the products and services we offer. To become a member of GLFFCU we hold $5.00 as a minimum balance, and we charge a $1.00 fee for opening an account with us. Dividends are earned automatically on the balance in the account with no monthly service fees.
We also offer club accounts for additional saving, such as Christmas Clubs, Vacation Savings, ect. We can name the account anything you like! There is no minimum deposit required for additional savings accounts. GLFFCU is committed to providing a comprehensive suite of financial services such as Business, Trust, Estate and Organization Accounts, for more information please call 906-786-4623.
Checking Accounts
(Share Draft)
Our Checking (Share Draft) accounts do not require a minimum balance to open. We also offer a GLFFCU debit card which will deduct funds directly from your Checking account. Our Visa Debit Cards are accepted by millions of merchants and have nationwide ATM access. Our Share Draft Accounts also include unlimited check writing, dividends earned, and no monthly service fees.
Share Certificates
Our Share Certificates have various terms starting from 6 months to as long as 60 months and earn dividends at a higher rate than a regular savings account. They cannot lose value unless withdrawn before the term ends, penalties apply for early withdrawal. Minimum deposit of $1000 required.
We also offer a youth Share Certificates for youth accounts with a minimum deposit of $100.
Youth Accounts
We offer a youth Savings (Share) Account with a stamp reward system for deposits over $5.00, one valid deposit per day eligible for stamps. As with the adult share accounts, we hold a $5.00 balance in the account and require $1.00 fee to open. We also offer a youth share draft (checking) account with a debit card at the age of 12 and up with lower limits for card usage.
IRA’s/HSA’s
We offer two types of IRA’s at GLFFCU. Traditional IRA that may offer tax deductions or ROTH IRA where you can withdraw the earnings tax-free.
Get a handle on medical expenses with an HSA. Make tax-deductible contributions to the account, then use the money to pay for qualified medical expenses tax free.
Instant Deposit
Get your paycheck and other ACH deposits early with Instant Deposit! Now you have the option to post your pending ACH transactions yourself or call/visit the credit union to release your deposit for a $5.00 fee. Your normal distributions associated with your deposit will be posted early as well. Try it today…your pay is just a click away!
Wire Transfer
Need to send a wire to someone? A wire transfer agreement form must be on file prior to sending any outgoing wire request. Contact the credit union to fill out a form. The credit union only sends out domestic wire requests and they must be received by 4:30 p.m. EST to ensure same day processing (depending on the receiving financial institution).
Looking for a wire to come into your account? Use the following 3 step process to ensure the wired money gets into your account:
- Receiving institution is: Alloya Corporate Credit Union (located in Southfield MI) and the routing number is: 272 478 075
- Further credit to: Great Lakes First Federal Credit Union with the account number: 291 172 640.
- Final credit to: Member Name, Member Account Number and whether it should be posted to the Share (savings) or Share Draft (checking) account. If no indication, money will be posted to the Share (savings) account.
Wire transfers can only be sent when the Federal Reserve is open. No wires are available on weekends or holidays. Refer to fee schedule on our Resources page for all applicable fees.