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Overview / Commentary
1313 Liberty St
Franklin, PA 16323

Galaxy Credit Union is headquartered in Franklin and is the 103rd largest credit union in the state of Pennsylvania. It is also the 2,164th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 11 employees and 5,102 members. Galaxy Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in Venango County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Galaxy Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Galaxy Credit Union had $317,000 in non-current loans and owned real-estate with $7.69 million in equity and loan loss allowances on hand to cover it. This gives Galaxy Credit Union a Texas Ratio of 4.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Galaxy Credit Union experienced no significant changes from 3.18% as of March 31, 2013 to 4.12% as of March 31, 2014, resulting in a negative change of 29.66%. This indicates that the balance sheet and financial strength for Galaxy Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Galaxy Credit Union has decreased its total deposits by $-519,000, resulting in -1.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Galaxy Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Galaxy Credit Union has $56.97 million in assets with $7.69 million in equity, resulting in a capitalization level of 13.50%, which is excellent.

Institution Statistics

NCUA #4116
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$56.97 million
Loans$16.17 million
Deposits$49.28 million
Equity Capital$7.66 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$277,000
Real Estate Owned$40,000
Historic Data - March 2013
Assets$57.10 million
Equity Capital$7.27 million
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$277,000
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets0.62%
Return on Equity4.65%
Interest Income$331,000
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Galaxy Credit Union Savings Account Rates

0.55%$50-IRA Share
0.25%$200-Share Account
0.25%$20-Youth Share
0.25%-$5kChristmas Club

Galaxy Credit Union Checking Account Rates

0.05%$5k-Share Draft

Galaxy Credit Union CD Rates

1.00%$500-49-60 Month Share Certificate
0.70%$500-37-48 Month Share Certificate
0.60%$500-25-36 Month Share Certificate
0.45%$500-13-24 Month Share Certificate
0.30%$500-3-12 Month Share Certificate

Galaxy Credit Union IRA Rates

1.00%$500-49-60 Month IRA Certificate
0.70%$500-37-48 Month IRA Certificate
0.60%$500-25-36 Month IRA Certificate
0.45%$500-13-24 Month IRA Certificate
0.30%$500-3-12 Month IRA Certificate

Galaxy Credit Union Locations
Branch Office1313 Liberty StFranklin, PA 16323
Branch Office1283 Liberty StFranklin, PA 16323