GCS Credit Union is headquartered in Granite City and is the 19st largest credit union in the state of Illinois. It is also the 661st largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 109 employees and 40,872 members. GCS Credit Union's savings rates are 54% higher than the national average, and it has a A health rating.
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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 GCS Credit Union had $846,000 in non-current loans and owned real-estate with $36.76 million in equity and loan loss allowances on hand to cover it. This gives GCS Credit Union a Texas Ratio of 2.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for GCS Credit Union experienced no significant changes from 2.34% as of March 31, 2013 to 2.30% as of March 31, 2014, resulting in a positive change of 1.54%.This indicates that the balance sheet and financial strength for GCS Credit Union has had no significant changes in recent periods.
In the past year, GCS Credit Union has increased its total deposits by $2.23 million, resulting in 0.78% 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 GCS Credit Union has shown is above 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. GCS Credit Union has $323.3 million in assets with $36.76 million in equity, resulting in a capitalization level of 11.37%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$34.90 million|
|Loan Loss Allowance||$1.86 million|
|Unbacked Noncurrent Loans||$812,000|
|Real Estate Owned||$34,000|
|Historic Data - March 2013|
|Equity Capital||$35.05 million|
|Loan Loss Allowance||$1.78 million|
|Unbacked Noncurrent Loans||$812,000|
|Real Estate Owned||$46,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.02%|
|Return on Assets||0.13%|
|Return on Equity||1.21%|
|Interest Income||$3.00 million|
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|0.80%||$100k||-||IRA Share Account|
|0.35%||$100k||-||Money Market Account|
|1.26%||$1k||-||60 Month Share Certificate|
|1.05%||$1k||-||48 Month Share Certificate|
|0.80%||$1k||-||36 Month Share Certificate|
|0.60%||$1k||-||33 Month Share Certificate|
|0.50%||$1k||-||24 Month Share Certificate|
|0.50%||$1k||-||30 Month Share Certificate|
|0.50%||$1k||-||27 Month Share Certificate|
|0.45%||$1k||-||21 Month Share Certificate|
|0.35%||$1k||-||18 Month Share Certificate|
|0.30%||$1k||-||15 Month Share Certificate|
|0.25%||$1k||-||12 Month Share Certificate|
|0.25%||$250||-||12 Month Youth Share Certificate|
|0.20%||$1k||-||6 Month Share Certificate|
|0.20%||$1k||-||9 Month Share Certificate|
|0.20%||$250||-||6 Month Youth Share Certificate|
|0.20%||$250||-||9 Month Youth Share Certificate|
|1.26%||$1k||-||60 Month IRA Share Certificate|
|1.05%||$1k||-||48 Month IRA Share Certificate|
|0.80%||$1k||-||36 Month IRA Share Certificate|
|0.50%||$1k||-||24 Month IRA Share Certificate|
|GCS Credit Union Locations|
|Branch Office||2001 Lee Ave||Granite City, IL 62040-5325|
|Branch Office||3970 Maryville Rd||Granite City, IL 62040-4179|
|Branch Office||1502 Vandalia St||Collinsville, IL 62234-4457|
|Branch Office||1119 S Lincoln Ave||O Fallon, IL 622692694|
|Branch Office||4101 State Route 111||Granite City, IL 62040-4306|
|Branch Office||1833 3rd St||Madison, IL 62060-1511|
|Branch Office||6707 Goshen Rd||Edwardsville, IL 62025-7707|