BankSpecial AccountsRepresentative Payee/FBO Account

Representative Payee/FBO Account

A special account that helps you administer Social Security and Supplemental Security Income (SSI) benefits.

Open an Account Contact Us Meet with Us 

Set up the tools to manage Social Security benefits with ease.

Designed to help an individual appointed by the Social Security Administration manage benefits on someone else’s behalf, a Representative Payee/FBO (For Benefit Of) Account provides the necessary financial instruments to do so. This special account can be used to manage both Social Security and Supplemental Security Income (SSI) benefits.

  • Open as Free Checking Account or Share Savings
  • $5 minimum balance
  • Provides easier access to member’s account
  • Can be used to make deposits or withdrawals

Select your location to view rates.

Checking Rates

Showing rates for
Effective Date 12/05/2025
* APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. ** Tier 1: Accounts with 0-19 debit card transactions per month balances of $1.00 and over, will earn ::checking-tier-1:: APY. Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn ::checking-tier-2:: APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY. Tier 3: Accounts with 40 or more transactions per month and e-statements will earn ::checking-tier-3:: APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY. The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.

Do more than bank. Bank for a greater good. Join our membership and be part of the Great Lakes Credit Union story.

Become a Member View Member Rewards 
Debit Card Rewards

Debit Card Rewards

Enjoy exclusive savings on everything from apparel to travel, courtesy of our debit card rewards program – a small “thank you” for your membership.

Get Rewarded 
Invite a Friend

Invite a Friend

Know someone looking for a not-for-profit financial institution that lets them bank for a greater good? Send them our way!

Refer a Friend 

Testimonials

    “I’ve gotten great customer service from Great Lakes Credit Union. When I go into the branch there is always someone there with a smile ready to help.”
    —Elizabeth S.

Maximize your membership.

  • Get member-exclusive discounts on tax services from TurboTax® and H&R Block,® and estate plans from Trust & Will.
    Learn More 
Disclosure:

1APY = Annual Percentage Yield. All dividend rates and APY may change at any time.

2Tier 1: Accounts with 0-19 debit card transactions per month balances of $1.00 and over, will earn .05% APY.

3Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn 2.75% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.

4Tier 3: Accounts with 40 or more transactions per month and e-statements will earn 5.00% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.

Transactions must settle during the calendar month to qualify.

The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.

Browse the latest headlines for news and advice.
Good Things Happen to Good People: First-Time Homebuyer Earns Grant
Read Article Good Things Happen to Good People: First-Time Homebuyer Earns Grant
Other Articles