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Overview / Commentary
847-724-1800
1631 Waukegan Rd
Glenview, IL 60025

Glenview Credit Union is headquartered in Glenview and is the 147th largest credit union in the state of Illinois. It is also the 4,030th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 4 employees and 1,977 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

Reviews (1)

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.



Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Glenview Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Glenview Credit Union had $6,000 in non-current loans and owned real-estate with $923,000 in equity and loan loss allowances on hand to cover it. This gives Glenview Credit Union a Texas Ratio of 0.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Glenview Credit Union decreased dramatically from 1.38% as of March 31, 2013 to 0.65% as of March 31, 2014, resulting in a positive change of 52.80%.This indicates that the balance sheet and financial strength for Glenview Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Glenview Credit Union has decreased its total deposits by $-377,000, resulting in -2.8% 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 Glenview Credit Union has shown is below average.

Capitalization

GRADE:
C-

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 $14 million in assets with $923,000 in equity, resulting in a capitalization level of 6.59%, which is below average.

Institution Statistics

Overall
NCUA #62354
Year Chartered1941
Employees4
Primary Regulator
Assets and Liabilities
Assets$14.00 million
Loans$3.45 million
Deposits$13.07 million
Equity Capital$905,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.39 million
Equity Capital$927,000
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.69%
Return on Assets-0.69%
Return on Equity-10.61%
Interest Income$87,000
Rates

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

Glenview Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Savings Account
0.05%$100-Holiday Club
0.05%$100-Vacation Club

Glenview Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.08%$2,500-Money Market Account

Glenview Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Check Plus Checking

Glenview Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-24 Month Share Certificate
0.14%$500-12 Month Share Certificate

Glenview Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-24 Month IRA Certificate
0.14%$500-12 Month IRA Certificate
Locations


Glenview Credit Union Locations
Branch Office1631 Waukegan RdGlenview, IL 60025