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Overview / Commentary
P.O. Box 127
Ephrata, WA 98823

Granco Credit Union is headquartered in Ephrata and is the 52nd largest credit union in the state of Washington. It is also the 2,196th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 16 employees and 3,974 members. Granco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the the Public Utility District of Grant County or other select institutions. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Granco Credit Union has a relatively low asset base.

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 Granco Credit Union had $587,000 in non-current loans and owned real-estate with $6.59 million in equity and loan loss allowances on hand to cover it. This gives Granco Credit Union a Texas Ratio of 8.91% 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 Granco Credit Union increased slightly from 3.66% as of December 31, 2012 to 8.91% as of December 31, 2013, resulting in a negative change of 143.39%. This indicates that the balance sheet and financial strength for Granco Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Granco Credit Union has increased its total deposits by $2.5 million, resulting in 5.7% 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 Granco Credit Union has shown is excellent.



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. Granco Credit Union has $53.22 million in assets with $6.59 million in equity, resulting in a capitalization level of 12.38%, which is excellent.

Institution Statistics

NCUA #10904
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$53.22 million
Loans$32.28 million
Deposits$46.35 million
Equity Capital$6.54 million
Loan Loss Allowance$50,000
Unbacked Noncurrent Loans$587,000
Real Estate Owned$0
Historic Data - December 2012
Assets$50.72 million
Equity Capital$6.42 million
Loan Loss Allowance$57,000
Unbacked Noncurrent Loans$587,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.72%
Return on Assets0.15%
Return on Equity1.24%
Interest Income$1.78 million
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Granco Credit Union Savings Account Rates

0.30%-$5kChristmas Club
0.15%--Regular Share Account

Granco Credit Union Checking Account Rates

0.10%--Share Draft Account

Granco Credit Union CD Rates

0.70%$10k-36 Month Share Certificate
0.50%$2,500-24 Month Share Certificate
0.30%$1k-12 Month Share Certificate

Granco Credit Union Locations
Branch Office217 Alder St SWEphrata, WA 98823
Branch Office217 Alder St SWEphrata, WA 98823