Gesa Credit Union is headquartered in Richland and is the 4th largest credit union in the state of Washington. It is also the 149th largest credit union in the nation. It was established in 1953 and as of June of 2013, it had grown to 312 employees and 114,429 members. Gesa Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.
If you live, work, worship or attend school in the State of Washington, or are a close relative of someone who qualifies as a member, you are eligible to join Gesa. - See Details
I am a valued customer of Gesa Credit Union (so I thought). I currently have an auto loan that I have been paying on for the last 4 years. I recently submitted my payment for this month, I am not behind on my payments. I received a phone call last week from your collections department. I was not home at the time so I returned the call today. I was informed by the collection representative that my account is currently past due, because I failed to pay the the 10 cents. I responded back and said "you are kidding me, my account is past due because I did not pay the $.10" (yes 10 cents) the rep replied and said "yes, you have to pay the full amount including the cents to avoid your account going into a past due status." I was asked to pay an additional 10 cents on my next months payment to catch my account up. I was also told that I should have received some type of past due reminder in the mail. Really...for 10 cents, I'm sure this is not the first time I forgot to add the 10 cents on my monthly auto loan payment. I'm only owing a little over 5 grand left, and like I said, I've been making my payments. Matter in fact, I have made a payment before paying over the amount. With this tough economy right now they are lucky I am able to submit my payments in full and on time. I have a new born and am working full time, and all Gesa has time for is contacting their value customers about 10 cents. WOW!!!! I can't wait for the day that my car loan is paid in full. Go and harass your other customers who did not make their payments at all. I am so disappointed right now, what a way to treat your so called good customers who make the effort to pay on their loans. Gesa needs to do better with how you treat your customers. I have never in my life received such a petty call.
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 June 30, 2013 Gesa Credit Union had $6.62 million in non-current loans and owned real-estate with $124.78 million in equity and loan loss allowances on hand to cover it. This gives Gesa Credit Union a Texas Ratio of 5.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Gesa Credit Union held steady from 2.85% as of June 30, 2012 to 5.30% as of June 30, 2013, resulting in a negative change of 86.12%. This indicates that the balance sheet and financial strength for Gesa Credit Union has held steady in recent periods.
In the past year, Gesa Credit Union has increased its total deposits by $61.48 million, resulting in 5.8% 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 Gesa Credit Union has shown is excellent.
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. Gesa Credit Union has $1.27 billion in assets with $124.78 million in equity, resulting in a capitalization level of 9.83%, which is above average.
|Assets and Liabilities|
|Equity Capital||$114.90 million|
|Loan Loss Allowance||$9.88 million|
|Unbacked Noncurrent Loans||$6.62 million|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Equity Capital||$102.23 million|
|Loan Loss Allowance||$8.93 million|
|Unbacked Noncurrent Loans||$6.62 million|
|Real Estate Owned||$675,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.06%|
|Return on Assets||1.02%|
|Return on Equity||11.32%|
|Interest Income||$24.07 million|
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|0.75%||-||-||Vacation Club Account|
|0.75%||-||-||Holiday Club Account|
|0.25%||$100||-||IRA Savings Account|
|0.25%||$100||-||Roth IRA Savings Account|
|0.11%||-||-||Basic Savings Account|
|0.11%||-||-||Student Savings Account|
|0.31%||$25k||-||Money Market Account|
|2.02%||$5k||-||7 Year Certificate|
|1.75%||$5k||-||60 Month Certificate|
|1.65%||$5k||-||48 Month Certificate|
|1.01%||$5k||-||36 Month Certificate|
|0.96%||$5k||-||30 Month Certificate|
|0.70%||$5k||-||24 Month Certificate|
|0.60%||$5k||-||18 Month Certificate|
|0.50%||$5k||-||12 Month Certificate|
|0.31%||$5k||-||6 Month Certificate|
|0.20%||$500||-||3 Month Certificate|
|2.02%||$2,500||-||7 Year IRA Certificate|
|2.02%||$2,500||-||7 Year Roth IRA Certificate|
|1.75%||$2,500||-||60 Month IRA Certificate|
|1.75%||$2,500||-||60 Month Roth IRA Certificate|
|1.65%||$2,500||-||48 Month IRA Certificate|
|1.65%||$2,500||-||48 Month Roth IRA Certificate|
|1.01%||$2,500||-||36 Month IRA Certificate|
|1.01%||$2,500||-||36 Month Roth IRA Certificate|
|0.70%||$2,500||-||24 Month IRA Certificate|
|0.70%||$2,500||-||24 Month Roth IRA Certificate|
|0.50%||$2,500||-||12 Month IRA Certificate|
|0.50%||$2,500||-||12 Month Roth IRA Certificate|
|0.45%||$2,500||-||11 Month IRA Add-on Certificate|
|0.45%||$2,500||-||11 Month Roth IRA Add-on Certificate|