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Overview / Commentary
Not Federally Insured
419-525-3800
1766 Harrington Memorial Rd
Mansfield, OH 44903

Gorman-Rupp & Associates Credit Union is headquartered in Mansfield and is the 221st largest credit union in the state of Ohio. It is also the 4,605th largest credit union in the nation. It was established in 1899 and as of March of 2014, it had grown to 4 employees and 1,679 members. Gorman-Rupp & Associates Credit Union has a C+ health rating.

Field of Membership Restrictions

Anyone who works, lives, goes to school or church in Richland County, can now join GROhio (Gorman Rupp & Associates) Credit Union! - See Details

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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. Gorman-Rupp & Associates Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Gorman-Rupp & Associates Credit Union had $137,000 in non-current loans and owned real-estate with $996,000 in equity and loan loss allowances on hand to cover it. This gives Gorman-Rupp & Associates Credit Union a Texas Ratio of 13.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Gorman-Rupp & Associates Credit Union experienced no significant changes from 14.53% as of March 31, 2013 to 13.76% as of March 31, 2014, resulting in a positive change of 5.30%.This indicates that the balance sheet and financial strength for Gorman-Rupp & Associates Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Gorman-Rupp & Associates Credit Union has increased its total deposits by $944,000, resulting in 13.09% 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 Gorman-Rupp & Associates 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. Gorman-Rupp & Associates Credit Union has $9.06 million in assets with $996,000 in equity, resulting in a capitalization level of 10.99%, which is above average.

Institution Statistics

Overall
NCUA #96719
Year Chartered1899
Employees4
Primary Regulator
Assets and Liabilities
Assets$9.06 million
Loans$5.88 million
Deposits$8.15 million
Equity Capital$849,000
Loan Loss Allowance$147,000
Unbacked Noncurrent Loans$137,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.04 million
Equity Capital$790,000
Loan Loss Allowance$105,000
Unbacked Noncurrent Loans$137,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.2%
Return on Assets0.57%
Return on Equity6.12%
Interest Income$140,000
Rates
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Gorman-Rupp & Associates Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Share Savings
0.25%--Christmas Club Savings

Gorman-Rupp & Associates Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Share Draft-Electric Account

Gorman-Rupp & Associates Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%--24 Months CD
0.55%--12 Months CD
0.55%--14 Months CD
0.35%--6 Months CD
0.35%--10 Months CD
Locations

Sorry, but we do not have location data for Gorman-Rupp & Associates Credit Union. Its headquarters is located at 1766 Harrington Memorial Rd - Mansfield, OH 44903