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Overview / Commentary
877-243-1370
910 Main St
Grand Junction, CO 81501

Grand Junction Credit Union is headquartered in grand junction and is the 42nd largest credit union in the state of Colorado. It is also the 2,180th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 12 employees and 4,877 members. Grand Junction Credit Union has a B+ health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

Institution Health

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

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 Grand Junction Credit Union had $21,000 in non-current loans and owned real-estate with $9.48 million in equity and loan loss allowances on hand to cover it. This gives Grand Junction Credit Union a Texas Ratio of 0.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Grand Junction Credit Union decreased dramatically from 1.83% as of March 31, 2013 to 0.22% as of March 31, 2014, resulting in a positive change of 87.86%.This indicates that the balance sheet and financial strength for Grand Junction Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Grand Junction Credit Union has decreased its total deposits by $-255,000, resulting in -0.54% 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 Grand Junction Credit Union has shown is average.

Capitalization

GRADE:
A+

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. Grand Junction Credit Union has $55.91 million in assets with $9.48 million in equity, resulting in a capitalization level of 16.95%, which is excellent.

Institution Statistics

Overall
NCUA #11718
Year Chartered1957
Employees12
Primary Regulator
Assets and Liabilities
Assets$55.91 million
Loans$29.98 million
Deposits$47.06 million
Equity Capital$8.84 million
Loan Loss Allowance$634,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$0
Historic Data - March 2013
Assets$55.65 million
Equity Capital$8.32 million
Loan Loss Allowance$441,000
Unbacked Noncurrent Loans$21,000
Real Estate Owned$85,000
Profit Margin - Quarterly
Net Interest Margin1.41%
Return on Assets1.04%
Return on Equity6.61%
Interest Income$548,000
Rates
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Grand Junction Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Regular Savings Account
0.25%$25-IRA Share Account

Grand Junction Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$5k-Money Market Account

Grand Junction Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$2,500-60 Month Share Certificate
0.80%$2,500-48 Month Share Certificate
0.75%$2,500-36 Month Share Certificate
0.60%$2,500-24 Month Share Certificate
0.50%$2,500-18 Month Share Certificate
0.45%$2,500-12 Month Share Certificate
0.30%$2,500-6 Month Share Certificate

Grand Junction Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$2,500-60 Month IRA
0.80%$2,500-48 Month IRA
0.75%$2,500-36 Month IRA
0.60%$2,500-24 Month IRA
0.50%$2,500-18 Month IRA
0.45%$2,500-12 Month IRA
0.30%$2,500-6 Month IRA
Locations


Grand Junction Credit Union Locations
Branch Office405 Castle Creek Rd Ste 2ASPEN, CO 81611
Branch Office910 main stgrand junction, CO 81501