1 star ratingAverage User Rating:
1 star rating based on 1 review.

Global Credit Union

Global Credit Union Locations
1520 W. Third Ave
Spokane , WA 99201
800.676.4562
www.globalcu.org



Global Credit Union is headquartered in SPOKANE and is the 21st largest credit union in the state of Washington. It is also the 542nd largest credit union in the nation. It was established in 1954 and as of September of 2011, it had grown to 118 employees and 48,693 members. Global Credit Union has a 4-star health rating.

Global Credit Union Routing Number: 325180595

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3.00% Reward Checking Account at Global Credit Union in WA & ID - 12/9/2008

Update 6/22/09: The top rate is scheduled to fall to 3.00% APY effective 7/01/09. Refer to the bottom of the post for the rate history.Global Credit Union is offering a reward checking account called eVelocity Checking. It pays 3.00% APY on balances up...



See Rates for: Checking | Savings | Money Market | CD | IRA

Global Credit Union Checking Account Rates

ApyMinMaxProduct
2.03%-$10keVelocity Checking
0.05%--Business Share Draft Account (Advantage Plus Checking)
0.05%--Advantage Plus Checking

Global Credit Union Savings Account Rates

ApyMinMaxProduct
0.45%--IRA Contributory Savings
0.20%--Health Savings Account
0.10%--Business Share Account (Savings)
0.10%--Savings
0.10%--Christmas Club
0.10%--Bridal Registry Account

Global Credit Union Money Market Rates

ApyMinMaxProduct
0.45%$500k-Advantage Business High Yield Money Market
0.35%$100k-Advantage High Yield Money Market

Global Credit Union CD Rates

ApyMinMaxProduct
1.66%$500-60 Month CD
1.66%$500-Business 60 Month CD
1.01%$5k-36 Month CD
1.01%$5k-Business 36 Month CD
0.69%$5k-24 Month CD
0.69%$5k-Business 24 Month CD
0.45%$5k-18 Month CD
0.45%$5k-Business 18 Month CD
0.35%$100-12 Month Super Saver CD
0.35%$500-12 Month Sky's the Limit eBranch CD Special
0.35%$5k-12 Month Sky's the Limit CD
0.35%$100-Business 12 Month Super Saver CD
0.35%$5k-Business 12 Month Sky's the Limit CD
0.35%$500-Business 12 Month Sky's the Limit eBranch CD Special
0.33%$5k-12 Month CD
0.33%$5k-Business 12 Month CD
0.23%$5k-6 Month CD
0.23%$5k-Business 6 Month CD
0.15%$500-3 Month Super Saver CD
0.15%$500-Business 3 Month Super Saver CD

Global Credit Union IRA Rates

ApyMinMaxProduct
1.66%$500-60 Month IRA
1.66%$500-60 Month Roth IRA
1.01%$5k-36 Month IRA
1.01%$5k-36 Month Roth IRA
0.69%$5k-24 Month IRA
0.69%$5k-24 Month Roth IRA
0.45%$5k-18 Month IRA
0.45%$5k-18 Month Roth IRA
0.33%$5k-12 Month IRA
0.33%$5k-12 Month Roth IRA
0.31%$500-12 Month Sky's the Limit IRA
0.23%$5k-6 Month IRA
0.23%$5k-6 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


GLOBAL
NCUA #68237
BankRate ReportView
Year Established1954
Employees118
Primary Regulator

Assets and Liabilities

Assets$352.27 million
Loans$213.16 million
Deposits$310.51 million
Equity Capital$30.78 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$3.58 million
Real Estate Owned$4.69 million

Historic Data - September 2010

Assets$338.50 million
Equity Capital$26.05 million
Loan Loss Allowance$5.85 million
Unbacked Noncurrent Loans$5.78 million
Real Estate Owned$4.87 million

Profit Margin - Quarterly

Net Interest Margin4.86%
Return on Assets1.28%
Return on Equity14.65%
Interest Income$11.49 million
Non-Interest Income$4.47 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 September 30, 2011 Global Credit Union had $8.27 million in non-current loans and owned real-estate with $35.78 million in equity and loan loss allowances on hand to cover it. This gives Global Credit Union a Texas Ratio of 23.10% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Global Credit Union decreased slightly from 33.36% as of September 30, 2010 to 23.10% as of September 30, 2011, resulting in a positive change of 30.74%.This indicates that the balance sheet and financial strength for Global Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Global Credit Union has increased its total deposits by $9.77 million, resulting in 3.25% 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 Global Credit Union has shown is above average.
Capitalization4
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. Global Credit Union has $352.27 million in assets with $35.78 million in equity, resulting in a capitalization level of 10.16%, which is above average.
Write Review

Terrible Institution
1 stars - jsloliver - Tuesday, November 15, 2011 - 1:35 PM

I was a member of Global Credit Union for years.  I had a car loan, had a checking and savings account, even did direct deposit with them.  After all my loyalty, I had the last I could handle with them last week.  I signed up for paperless statements long ago with them because I move around a lot.  However, when I checked my account activity, I noted a "returned mail fee" of $5.00.  After being frustrated with the fact I was being charged for mail I didn’t want, I transferred the money out of the account.  Several days later I closed my account with them; however, they sent me a check for the amount I already transferred, so I shredded the check.  Subsequently, the transfer I previously made was reversed, so now I’m out all the money and the check.  When I called Global to get it figured out, they insist I pay a $20 re-submittal fee for the check, and an additional $3.00 on top of the $3.00 they already charged me to cut the first check.  So all in all in fees I will be paying $31.00 in fees over a period of 5 days.  Does anyone else think that is ridiculous?!

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