Glenview Credit Union is headquartered in Glenview and is the 145th largest credit union in the state of Illinois. It is also the 4,018st largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 4 employees and 1,975 members. Glenview Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is available to those living or working in Glenview & Northfield Township, which includes Golf, Northfield, Northbrook and portions of Niles, Prospect Heights, Wilmette, Glencoe and Deerfield. - See Details
Best Ever!!
If you expect the best service, and demand the best banking experience - then this credit union is for you, too!!
As a long time member, I wouldn't hesitate to recommend GCU to my family and friends.
Data for Q4 2013
Institution Health
Texas Ratio
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 Glenview Credit Union had $9,000 in non-current loans and owned real-estate with $949,000 in equity and loan loss allowances on hand to cover it. This gives Glenview Credit Union a Texas Ratio of 0.95% 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 Glenview Credit Union decreased slightly from 1.17% as of December 31, 2012 to 0.95% as of December 31, 2013, resulting in a positive change of 18.79%.This indicates that the balance sheet and financial strength for Glenview Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Glenview Credit Union has decreased its total deposits by $-130,000, resulting in -0.99% 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 Glenview Credit Union has shown is average.
Capitalization
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. Glenview Credit Union has $13.9 million in assets with $949,000 in equity, resulting in a capitalization level of 6.83%, which is below average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 62354 |
| Year Chartered | 1941 |
| Employees | 4 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $13.90 million |
| Loans | $3.45 million |
| Deposits | $12.97 million |
| Equity Capital | $930,000 |
| Loan Loss Allowance | $19,000 |
| Unbacked Noncurrent Loans | $9,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $14.04 million |
| Equity Capital | $921,000 |
| Loan Loss Allowance | $21,000 |
| Unbacked Noncurrent Loans | $9,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 6.81% |
| Return on Assets | 0.07% |
| Return on Equity | 1.08% |
| Interest Income | $350,000 |
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Glenview Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $100 | - | Savings Account | |
| 0.10% | $100 | - | Holiday Club | |
| 0.10% | $100 | - | Vacation Club |
Glenview Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $2,500 | - | Money Market Account |
Glenview Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $1k | - | Check Plus Checking |
Glenview Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $500 | - | 24 Month Share Certificate | |
| 0.20% | $500 | - | 12 Month Share Certificate |
Glenview Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $500 | - | 24 Month IRA Certificate | |
| 0.20% | $500 | - | 12 Month IRA Certificate |
| Glenview Credit Union Locations | ||
|---|---|---|
| Branch Office | 1631 Waukegan Rd | Glenview, IL 60025 |