Community Reinvestment Act (CRA)
Gogebic Range Bank has adopted the philosophy of making a special effort to reach out and inform all sectors of its communities including low-to-moderate income sectors of the wide variety of credit related services and products it offers. Our products and services are both socially and financially responsive to the needs of our communities.
We have adopted a community banking philosophy and strongly encourage and support employee involvement in and service to the communities we serve, which include low-to-moderate income areas.
CRA Statement
Gogebic Range Bank believes in the importance of supporting the local communities in which the Bank operates, and will work with organizations in the community served. We believe our customers and communities are our most valued partners and are committed to providing them with a superior level of service by proactively seeking out community needs and delivering the services that are responsive to them. That commitment includes making financial services available throughout its entire market area in a high quality, professional and ethical manner for the benefit of the entire community, including its low-to-moderate income sectors.
Our CRA Performance Evaluation – December 28, 2020
On December 28, 2020, Gogebic Range Bank received a “Satisfactory” Community Reinvestment Act (CRA) rating from the Federal Deposit Insurance Corporation (FDIC) for the evaluation period of September 22, 2014 – September 30, 2020.
Access the Full FDIC CRA Performance Evaluation
CRA Public File
Under the federal Community Reinvestment Act (CRA) Gogebic Range Bank is providing certain information about our operations and our performance under the CRA, including for example, information about our branches, such as their location and services provided by them; and any written comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments, if any. You may review this data provided online today and produce hard copies of documents as needed.
This information is current as of April 1 of each year and may be updated periodically. You may select the links below for detailed information.
- All written comments and responses received for the current year and the prior two calendar years.
- A branch list including street addresses, phone numbers, and geographies.
- Branches opened or closed by the bank during the current and prior two calendar years, 2024, 2023, and 2022.
- List of products and services, banking hours, and fee schedule at all branch locations.
- Loan to deposit ratio.
- A map of our assessment areas which represent the communities we serve.
You may send written comments about our performance in helping to meet community credit needs to Cherie LaMarche, Community Reinvestment Act Officer at Gogebic Range Bank, P.O. Box 39, Ironwood, MI 49938 and the FDIC Regional Director at FDIC Consumer Response Center, 300 South Riverside Plaza, Suite 1700, Chicago, IL, 60606. You may also submit comments electronically through the FDIC’s website at www.fdic.gov/regulations/cra. Your written comments, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public.