Gratiot County Teachers Federal Credit Union was established in 1962 by a group of teachers who were looking for an alternative for their financial services. At that time, teachers were paid only while school was in session which made it difficult for them to qualify for loans. They needed a financial institution that would consider their special needs.

Other employer groups soon learned of the benefits that membership at "Teachers" had to offer. Since then we have added students in Gratiot County, federal, state, county, and city employees in Gratiot County, and employees of Alma Wendy's, Alma Tire, and the Mid-Michigan District Health Department to our field of membership. Of course, several name changes came with our membership changes. Our most recent name change was in 1991 when Gratiot County Federal Credit Union was shortened to GraCo Federal Credit Union.

In an effort to emphasize the importance of our members in the development of our credit union, we have adopted the following mission statement:

GraCo Federal Credit Union is a member owned and controlled financial organization dedicated to providing its members various financial services in a safe, convenient, and friendly manner through responsible leadership.

The history of our credit union has created the foundation to support our future. We hope that you will join us in building the financial institution of choice... GraCo Federal Credit Union.