1 star ratingAverage User Rating:
1 star rating based on 1 review.

Gateway Metro Federal Credit Union

Gateway Metro Federal Credit Union Locations
2693 N Illinois St
Swansea, IL 62226
314-621-4575
www.gmcu.org

NCUA


Gateway Metro Federal Credit Union is headquartered in Saint Louis and is the 14st largest credit union in the state of Missouri. It is also the 989th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 51 employees and 15,421 members. Gateway Metro Federal Credit Union's savings rates are 83% higher than the national average, and it boasts a 5-star health rating.

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Competitive Long-Term CD Rates in St. Louis at Gateway Metro FCU - 1/11/2012

Gateway Metro Federal Credit Union is offering three competitive long-term CD and IRA CD rates. These are 2.00% APY for 4 years, 2.25% APY for 5 years and 2.50% APY for 6 years. These rates are listed ...



See Rates for: Checking | Savings | Money Market | CD | IRA

Gateway Metro Federal Credit Union Checking Account Rates

ApyMinMaxProduct
6.02%-$1,500E*Hanced Checking
0.20%$1,500-Priority III
0.10%$500-Priority II

Gateway Metro Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.95%--HSA 3 Year Certificate
0.70%--HSA 2 Year Certificate
0.40%--IRA Contributory
0.40%--HSA 1 Year Certificate
0.35%--Health Savings Account
0.15%$101-General Share
0.05%$25-Holiday Club

Gateway Metro Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$100k-Gateway Money Market Fund Account

Gateway Metro Federal Credit Union CD Rates

ApyMinMaxProduct
2.05%$1k-72 Month Share Certificate
2.05%$100-72 Month Youth Share Certificate
1.75%$1k-60 Month Share Certificate
1.75%$100-60 Month Youth Share Certificate
1.50%$1k-48 Month Share Certificate
1.50%$100-48 Month Youth Share Certificate
0.95%$1k-36 Month Share Certificate
0.95%$100-36 Month Youth Share Certificate
0.70%$1k-24 Month Share Certificate
0.70%$100-24 Month Youth Share Certificate
0.50%$1k-18 Month Share Certificate
0.50%$100-18 Month Youth Share Certificate
0.40%$1k-12 Month Share Certificate
0.40%$100-12 Month Youth Share Certificate
0.25%$1k-6 Month Share Certificate
0.25%$100-6 Month Youth Share Certificate
0.15%$1k-3 Month Share Certificate
0.15%$100-3 Month Youth Share Certificate

Gateway Metro Federal Credit Union IRA Rates

ApyMinMaxProduct
2.05%$1k-72 Month IRA Share Certificate
2.05%$1k-72 Month Roth IRA Share Certificate
2.05%$1k-72 Month Educational IRA Share Certificate
1.75%$1k-60 Month IRA Share Certificate
1.75%$1k-60 Month Roth IRA Share Certificate
1.75%$1k-60 Month Educational IRA Share Certificate
1.50%$1k-48 Month IRA Share Certificate
1.50%$1k-48 Month Roth IRA Share Certificate
1.50%$1k-48 Month Educational IRA Share Certificate
0.95%$1k-36 Month Roth IRA Share Certificate
0.95%$1k-36 Month IRA Share Certificate
0.95%$1k-36 Month Educational IRA Share Certificate
0.70%$1k-24 Month IRA Share Certificate
0.70%$1k-24 Month Roth IRA Share Certificate
0.70%$1k-24 Month Educational IRA Share Certificate
0.50%$1k-18 Month IRA Share Certificate
0.50%$1k-18 Month Roth IRA Share Certificate
0.50%$1k-18 Month Educational IRA Share Certificate
0.40%$1k-12 Month Roth IRA Share Certificate
0.40%$1k-12 Month IRA Share Certificate
0.40%$1k-12 Month Educational IRA Share Certificate
0.25%$1k-6 Month IRA Share Certificate
0.25%$1k-6 Month Roth IRA Share Certificate
0.25%$1k-6 Month Educational IRA Share Certificate
0.15%$1k-3 Month Roth IRA Share Certificate
0.15%$1k-3 Month IRA Share Certificate
0.15%$1k-3 Month Educational IRA Share Certificate

Rates updated: 6/17/2013

Data for Q4 2012


Institution Statistics


GATEWAY METRO
NCUA #24797
BankRate ReportView
Year Chartered1935
Employees51
Primary Regulator

Assets and Liabilities

Assets$173.35 million
Loans$114.58 million
Deposits$156.78 million
Equity Capital$15.82 million
Loan Loss Allowance$482,000
Unbacked Noncurrent Loans$583,000
Real Estate Owned$85,000

Historic Data - December 2011

Assets$169.52 million
Equity Capital$15.19 million
Loan Loss Allowance$566,000
Unbacked Noncurrent Loans$856,000
Real Estate Owned$806,000

Profit Margin - Quarterly

Net Interest Margin3.21%
Return on Assets0.16%
Return on Equity1.79%
Interest Income$5.71 million
Non-Interest Income$2.35 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Gateway Metro Federal Credit Union had $668,000 in non-current loans and owned real-estate with $16.3 million in equity and loan loss allowances on hand to cover it. This gives Gateway Metro Federal Credit Union a Texas Ratio of 4.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Gateway Metro Federal Credit Union decreased significantly from 10.55% as of December 31, 2011 to 4.10% as of December 31, 2012, resulting in a positive change of 61.16%.This indicates that the balance sheet and financial strength for Gateway Metro Federal Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Gateway Metro Federal Credit Union has increased its total deposits by $3.57 million, resulting in 2.33% 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 Gateway Metro Federal Credit Union has shown is above average.
Capitalization3
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. Gateway Metro Federal Credit Union has $173.35 million in assets with $16.3 million in equity, resulting in a capitalization level of 9.41%, which is average.
Write Review

HORRIBLE CUSTOMER SERVICE
1 stars - Anonymous - Thursday, June 9, 2011 - 3:00 PM

I HAVE BEEN A MEMBER OF THIS CREDIT UNION SINCE 2004. I HAVE ALWAYS MADE TIMELY PAYMENTS. THE CREDIT UNION DID NOT APPLY 2 OF MY PAYMENTS TO MY ACCOUNT, HAVE REPORTED MY ACCOUNT AS DELINQUENT WITH THE CREDIT BUREAUS. I WAS TOLD BY A MANAGER THAT THIS WAS THEIR MISTAKE, THAT I WOULD RECEIVE A LETTER IN THE MAIL, THAT MY ACCOUNT WAS CORRECTED, THAT MY PAYMENTS WERE PROPERLY CREDITED TOWARDS MY ACCOUNT. INSTEAD I RECEIVED A LETTER THAT MY VEHICLE IS GOING TO BE REPOSSESSED UNLESS THEY RECEIVE THE PAST DUE BALANCE. I HAVE PAID MY ACCOUNT IN FULL FOR THE MONTHS THEY ARE SAYING THEY DID NOT RECEIVE PAYMENT. THE CHECKS HAVE BEEN CASHED BY THE CREDIT UNION. THE CREDIT UNION WANTS ME TO GET COPIES OF THE CASHED CHECKS BECAUSE THEY HAVE NO RECORD OF RECEIPT OF PAYMENT. I WILL BE PURSUING LEGAL ACTION FOR THEIR POOR CUSTOMER SERVICE.

1