Average User Rating:
4 star rating based on 1 review.

G.P.O. Credit Union

4311 Middle Settlement Rd
New Hartford, NY 13413
(800) 822-5476
www.gpofcu.com

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G.P.O. Credit Union is headquartered in New Hartford and is the 46^th largest credit union in the state of New York. It is also the 953^rd largest credit union in the nation. It was established in 1978 and as of December of 2011, it had grown to 56 employees and 23,169 members. G.P.O. Credit Union's money market rates are 25% higher than the national average, and it boasts a 5-star health rating.

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

G.P.O. Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$50	-	Share Savings
0.50%	$50	-	Loan Payment Share Savings
0.50%	-	-	Kids Only Savings Club
0.50%	$50	-	Christmas Club Account
0.50%	$50	-	Vacation Club Account
0.50%	$50	-	Special Club Account

G.P.O. Credit Union Money Market Rates

Apy	Min	Max	Product
0.70%	$50k	-	Money Market Savings
0.70%	$50k	-	Money Market IRA
0.70%	$50k	-	Money Market Roth IRA
0.70%	$50k	-	Money Market Educational IRA

G.P.O. Credit Union CD Rates

Apy	Min	Max	Product
2.00%	$1k	-	60 Month Member Choice Share Certificate
1.75%	$1k	-	48 Month Member Choice Share Certificate
1.50%	$1k	-	36 Month Member Choice Share Certificate
1.25%	$1k	-	24 Month Member Choice Share Certificate
1.05%	$1k	-	15 Month Certificate Special
0.85%	$1k	-	12 Month Member Choice Share Certificate
0.85%	$500	-	12 Month Easy Start Share Certificate
0.85%	$250	-	12 Month Kids Only Savings Club Share Certificate
0.70%	$1k	-	6 Month Money Market Share Certificate
0.55%	$1k	-	3 Month Money Market CD Special

G.P.O. Credit Union IRA Rates

Apy	Min	Max	Product
2.00%	$1k	-	60 Month IRA Certificate
2.00%	$1k	-	60 Month Roth IRA Certificate
2.00%	$500	-	60 Month Education IRA Certificate
1.75%	$1k	-	48 Month IRA Certificate
1.75%	$1k	-	48 Month Roth IRA Certificate
1.75%	$500	-	48 Month Education IRA Certificate
1.50%	$1k	-	36 Month IRA Certificate
1.50%	$1k	-	36 Month Roth IRA Certificate
1.50%	$500	-	36 Month Education IRA Certificate
1.25%	$1k	-	24 Month IRA Certificate
1.25%	$1k	-	24 Month Roth IRA Certificate
1.25%	$500	-	24 Month Education IRA Certificate
0.85%	$1k	-	12 Month IRA Certificate
0.85%	$1k	-	12 Month Roth IRA Certificate
0.85%	$500	-	12 Month Education IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

G.P.O.
NCUA #	22931
BankRate Report	View
Year Chartered	1978
Employees	56
Primary Regulator
Assets and Liabilities
Assets	$172.99 million
Loans	$102.97 million
Deposits	$156.39 million
Equity Capital	$15.35 million
Loan Loss Allowance	$734,000
Unbacked Noncurrent Loans	$333,000
Real Estate Owned	$16,000
Historic Data - December 2010
Assets	$155.98 million
Equity Capital	$13.75 million
Loan Loss Allowance	$706,000
Unbacked Noncurrent Loans	$274,000
Profit Margin - Quarterly
Net Interest Margin	5.26%
Return on Assets	0.93%
Return on Equity	10.46%
Interest Income	$7.07 million
Non-Interest Income	$2.51 million

Institution Health

Overall Score:

5 out of 5

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, 2011 G.P.O. Credit Union had $349,000 in non-current loans and owned real-estate with $16.09 million in equity and loan loss allowances on hand to cover it. This gives G.P.O. Credit Union a Texas Ratio of 2.17% 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 G.P.O. Credit Union held steady from 1.90% as of December 31, 2010 to 2.17% as of December 31, 2011, resulting in a negative change of 14.43%. This indicates that the balance sheet and financial strength for G.P.O. Credit Union has held steady in recent periods.
Deposit Growth
In the past year, G.P.O. Credit Union has increased its total deposits by $15.35 million, resulting in 10.88% 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 G.P.O. 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. G.P.O. Credit Union has $172.99 million in assets with $16.09 million in equity, resulting in a capitalization level of 9.30%, which is average.

Good Service, Bad Website
4 stars

- hillma97 - Wednesday, March 9, 2011 - 10:18 AM

I have been a member of GPO FCU for about four years. Overall, their customer service has been more than satisfactory both on the phone and in person. Even when lines are long, they keep them moving so there is little wait compared to other banks and credit unions that I have joined. Employees are professional and knowledgeable. The only real downside I've had with them is their online banking. The online banking website is very out of date and could easily be mistaken as being from the mid 1990's. Furthermore, I've had trouble with it not accepting my password after a while and then locking me out after three failed attempts to log back in. There is no way to recover your password without calling them or visiting a branch, although that's fairly standard for a financial institution. I am an avid user of mint.com as well; GPO is the only financial institution that I continue to have trouble using on Mint, as GPO locks me out of my account after a few days of using it on Mint. For that reason, GPO is the only institution of the six I use for banking, loans, etc that is not currently on my Mint account.