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620-275-2151
1714 E Kansas Ave
Garden City, KS 67846-6235

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 501st largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 155 employees and 61,315 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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Reviews (3)

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.

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.

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.

 



Health

Data for Q1 2014

Institution Health

A

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 Golden Plains Credit Union had $2.97 million in non-current loans and owned real-estate with $46.86 million in equity and loan loss allowances on hand to cover it. This gives Golden Plains Credit Union a Texas Ratio of 6.33% 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 Golden Plains Credit Union experienced no significant changes from 5.63% as of March 31, 2013 to 6.33% as of March 31, 2014, resulting in a negative change of 12.37%. This indicates that the balance sheet and financial strength for Golden Plains Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Golden Plains Credit Union has increased its total deposits by $28.03 million, resulting in 7.71% 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

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. Golden Plains Credit Union has $444.43 million in assets with $46.86 million in equity, resulting in a capitalization level of 10.54%, which is above average.

Institution Statistics

Overall
NCUA #62542
Year Chartered1951
Employees155
Primary Regulator
Assets and Liabilities
Assets$444.43 million
Loans$382.58 million
Deposits$391.47 million
Equity Capital$44.31 million
Loan Loss Allowance$2.55 million
Unbacked Noncurrent Loans$1.48 million
Real Estate Owned$1.49 million
Historic Data - March 2013
Assets$410.40 million
Equity Capital$40.41 million
Loan Loss Allowance$1.92 million
Unbacked Noncurrent Loans$1.48 million
Real Estate Owned$43,000
Profit Margin - Quarterly
Net Interest Margin0.96%
Return on Assets0.71%
Return on Equity7.17%
Interest Income$4.35 million
Rates
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Golden Plains Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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%-$2kWealth Builder

Golden Plains Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.26%-$25kGolden Rewards Checking - Qualifying
0.16%$25k-Money Manager Checking Account
0.16%$25k-Young at Heart Checking Account
0.05%--Golden Rewards Checking - Non Qualifying
0.05%$750-Checking Account
0.05%$750-Student Checking Account

Golden Plains Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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
0.46%$500$10k24 Month Variable T-Bill CD

Golden Plains Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.11%$25k-60 Month IRA
0.91%$25k-48 Month IRA
0.91%$500-36 Month Variable IRA
0.81%$25k-30 Month IRA
0.61%$25k-18 Month IRA
0.56%$25k-12 Month IRA
0.46%$25k-6 Month IRA
Locations


Golden Plains Credit Union Locations
Branch Office400 Highway 212Quinter, KS 67752
Branch Office1305 E Kansas AveGarden City, KS 67846-5805
Branch Office1211 Buffalo Jones AveGarden City, KS 67846-4833
Branch Office112 E Grant AveUlysses, KS 67880
Branch Office140 N Main StHesston, KS 67062
Branch Office475 State StPhillipsburg, KS 67661
Branch Office21 Medical DrLiberal, KS 67901
Branch Office109 N Main StLakin, KS 67860
Branch Office2720 Broadway AveHays, KS 67601
Branch Office1714 E Kansas AveGarden City, KS 67846-6235