Golden Plains Credit Union
Golden Plains Credit Union is headquartered in Garden City and is the 3rd largest credit union in the state of Kansas. It is also the 511st largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 141 employees and 59,413 members. Golden Plains Credit Union has a A health rating.
Field of Membership Restrictions
Anyone who resides in Central or Western Kansas, the Liberal trade area, members of their family, employees of the credit union, members of the Lee Richardson Zoo, and organizations of such persons are eligible for GPCU membership. - See Details
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A Great Credit Union
I've been a customer with Golden Plains Credit Union since September of 2010. I first became interested in GPCU because I'm a resident in central Kansas and because they have one of the best interest rates (4.44% as of this writing) in the country for rewards checking accounts. The set up was easy, although I did have to submit some information by mail and send in a check for my deposit as they didn't have an ACH bank funding method at the time. They were great to answer any questions I had and I was able to easily get a customer representative on the phone. Overall it's been a great experience and I'm very satisfied with them.
Poor Service
This Credit Union in my opinion has poor customer service they are hard to deal with, management is absolutely no help, I wish I had never used them for a loan.
I would steer clear and use other banks or credit unions.
BTW I have made all my payments on time.
Loans Bad Experience
Had loans with them for years then while moving asked about a new loan due to moving and they said it should be "no problem" and even pre approved us before we went house shopping. Then after accepting a contract and selling our home told us there was a mistake in the system and they couldn't give us the loan leaving us scrambling to find a loan at another bank with little time. We almost lost our new home and had already sold our old one. We won't do any further business with GPCU.
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 Golden Plains Credit Union had $3.37 million in non-current loans and owned real-estate with $45.89 million in equity and loan loss allowances on hand to cover it. This gives Golden Plains Credit Union a Texas Ratio of 7.35% 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 Golden Plains Credit Union held steady from 8.09% as of December 31, 2012 to 7.35% as of December 31, 2013, resulting in a positive change of 9.10%.This indicates that the balance sheet and financial strength for Golden Plains Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Golden Plains Credit Union has increased its total deposits by $12.78 million, resulting in 3.63% 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 Golden Plains Credit Union has shown is excellent.
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. Golden Plains Credit Union has $418.55 million in assets with $45.89 million in equity, resulting in a capitalization level of 10.96%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 62542 |
| Year Chartered | 1951 |
| Employees | 141 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $418.55 million |
| Loans | $375.86 million |
| Deposits | $364.57 million |
| Equity Capital | $43.51 million |
| Loan Loss Allowance | $2.38 million |
| Unbacked Noncurrent Loans | $1.82 million |
| Real Estate Owned | $1.55 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $396.46 million |
| Equity Capital | $39.53 million |
| Loan Loss Allowance | $1.97 million |
| Unbacked Noncurrent Loans | $1.82 million |
| Real Estate Owned | $43,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.9% |
| Return on Assets | 0.93% |
| Return on Equity | 8.97% |
| Interest Income | $17.68 million |
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Golden Plains Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.16% | $25k | - | Life Insured Savings | |
| 0.16% | $25k | - | IRA Savings | |
| 0.16% | $25k | - | Golden Investor Fund | |
| 0.16% | $25k | - | Roth IRA Savings | |
| 0.16% | $25k | - | Coverdell Education Savings Account | |
| 0.10% | - | $2k | Wealth Builder |
Golden Plains Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.26% | - | $25k | Golden Rewards Checking | |
| 0.16% | $25k | - | Money Manager Checking Account | |
| 0.16% | $25k | - | Young at Heart Checking Account | |
| 0.05% | - | - | Golden Rewards Checking | |
| 0.05% | $750 | - | Checking Account | |
| 0.05% | $750 | - | Student Checking Account |
Golden Plains Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.11% | $25k | - | 60 Month CD | |
| 0.91% | $25k | - | 48 Month CD | |
| 0.81% | $25k | - | 30 Month CD | |
| 0.76% | $25k | - | 24 Month Security Plus CD | |
| 0.61% | $25k | - | 18 Month CD | |
| 0.56% | $25k | - | 12 Month CD | |
| 0.46% | $25k | - | 6 Month CD | |
| 0.40% | $500 | $10k | 24 Month Variable T-Bill CD |
Golden Plains Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.11% | $25k | - | 60 Month IRA (Traditional,Roth,CESA) | |
| 0.91% | $25k | - | 48 Month IRA (Traditional,Roth,CESA) | |
| 0.81% | $25k | - | 30 Month IRA (Traditional,Roth,CESA) | |
| 0.79% | $500 | - | 36 Month Variable IRA (Traditional,Roth,CESA) | |
| 0.61% | $25k | - | 18 Month IRA (Traditional,Roth,CESA) | |
| 0.56% | $25k | - | 12 Month IRA (Traditional,Roth,CESA) | |
| 0.46% | $25k | - | 6 Month IRA (Traditional,Roth,CESA) |
| Golden Plains Credit Union Locations | ||
|---|---|---|
| Branch Office | 400 Highway 212 | Quinter, KS 67752 |
| Branch Office | 1305 E Kansas Ave | Garden City, KS 67846-5805 |
| Branch Office | 1211 Buffalo Jones Ave | Garden City, KS 67846-4833 |
| Branch Office | 112 E Grant Ave | Ulysses, KS 67880 |
| Branch Office | 140 N Main St | Hesston, KS 67062 |
| Branch Office | 475 State St | Phillipsburg, KS 67661 |
| Branch Office | 21 Medical Dr | Liberal, KS 67901 |
| Branch Office | 109 N Main St | Lakin, KS 67860 |
| Branch Office | 2720 Broadway Ave | Hays, KS 67601 |
| Branch Office | 1714 E Kansas Ave | Garden City, KS 67846-6235 |