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509-946-1611
51 Gage Blvd
Richland, WA 99352

Gesa Credit Union is headquartered in RICHLAND and is the 5th largest credit union in the state of Washington. It is also the 147th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 319 employees and 116,255 members. Gesa Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

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

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Special CD and IRA CD Rates at Gesa Credit Union in Washington State - 3/19/2014

Gesa Credit Union has competitive rates on its special certificates. The two best deals are the 14-month CD which has a 1.14% APY and a 30-month CD which has a 1.64% APY. There’s also a 5-year CD with ...



Reviews (1)

Poor Customer Service

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.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Gesa Credit Union had $7.45 million in non-current loans and owned real-estate with $128.69 million in equity and loan loss allowances on hand to cover it. This gives Gesa Credit Union a Texas Ratio of 5.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Gesa Credit Union experienced no significant changes from 2.66% as of December 31, 2012 to 5.79% as of December 31, 2013, resulting in a negative change of 117.99%. This indicates that the balance sheet and financial strength for Gesa Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Gesa Credit Union has increased its total deposits by $63.23 million, resulting in 5.85% 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.

Capitalization

GRADE:
B

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 $1.3 billion in assets with $128.69 million in equity, resulting in a capitalization level of 9.92%, which is above average.

Institution Statistics

Overall
NCUA #68278
Year Chartered1953
Employees319
Primary Regulator
Assets and Liabilities
Assets$1.30 billion
Loans$1.03 billion
Deposits$1.14 billion
Equity Capital$119.62 million
Loan Loss Allowance$9.08 million
Unbacked Noncurrent Loans$5.70 million
Real Estate Owned$1.76 million
Historic Data - December 2012
Assets$1.22 billion
Equity Capital$109.30 million
Loan Loss Allowance$9.37 million
Unbacked Noncurrent Loans$5.70 million
Real Estate Owned$351,000
Profit Margin - Quarterly
Net Interest Margin4.11%
Return on Assets0.78%
Return on Equity8.43%
Interest Income$49.44 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Gesa Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Gesa Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Vacation Club Account
0.75%--Holiday Club Account
0.25%$100-IRA Savings Account
0.25%$100-Roth IRA Savings Account
0.05%--Basic Savings Account
0.05%--Student Savings Account

Gesa Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.29%$25k-Money Market Account

Gesa Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.30%-$10kColossal Checking
0.05%--Colossal Checking

Gesa Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Gesa Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.02%$2,500-7 Year IRA Certificate (Traditional,Roth)
1.75%$2,500-60 Month IRA Certificate (Traditional,Roth)
1.65%$2,500-48 Month IRA Certificate (Traditional,Roth)
1.01%$2,500-36 Month IRA Certificate (Traditional,Roth)
0.70%$2,500-24 Month IRA Certificate (Traditional,Roth)
0.50%$2,500-12 Month IRA Certificate (Traditional,Roth)
0.45%$2,500-11 Month IRA Add-on Certificate (Traditional,Roth)
Locations

Gesa Credit Union has 12 locations. Click to view all Gesa Credit Union locations.