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Overview / Commentary
1532 W Saint Germain St
Saint Cloud, MN 56301-4129

Great River Credit Union is headquartered in Saint Cloud and is the 23rd largest credit union in the state of Minnesota. It is also the 1,131st largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 43 employees and 15,473 members. Great River Credit Union has a A health rating.

Field of Membership Restrictions

You are eligible to join Great River Federal Credit Union if you live, work, worship, or attend school in Benton, Sherburne, or Stearns county. - See Details

Reviews (1)

GRFCU Front Door Service

Great River Federal Credit Union has by far been the best credit union I have ever dealt with in my life! The branches never have lines, the employees are ALWAYS respectful, and friendly. It's always nice to enter an establishment and the employees recognize you on a somewhat personal level. GRFCU loan officers are top performers; They WILL do what it takes to get your needs assessed and taken care of. I have never found any errors in statements that I received from them during my 7 year membership. Since I moved out of state, I am sad to say I can longer utilize their services; however, I would strongly encourage anyone considering a financial relationship with them to move forward, they definitely deliver!


Data for Q1 2014

Institution Health


Texas Ratio


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 Great River Credit Union had $351,000 in non-current loans and owned real-estate with $16.98 million in equity and loan loss allowances on hand to cover it. This gives Great River Credit Union a Texas Ratio of 2.07% 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 Great River Credit Union decreased dramatically from 4.38% as of March 31, 2013 to 2.07% as of March 31, 2014, resulting in a positive change of 52.85%.This indicates that the balance sheet and financial strength for Great River Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Great River Credit Union has decreased its total deposits by -$1.79 million, resulting in -1.29% 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 Great River Credit Union has shown is average.



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. Great River Credit Union has $153.95 million in assets with $16.98 million in equity, resulting in a capitalization level of 11.03%, which is excellent.

Institution Statistics

NCUA #24632
Year Chartered1964
Primary Regulator
Assets and Liabilities
Assets$153.95 million
Loans$92.19 million
Deposits$136.59 million
Equity Capital$16.59 million
Loan Loss Allowance$384,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$162,000
Historic Data - March 2013
Assets$154.97 million
Equity Capital$15.85 million
Loan Loss Allowance$640,000
Unbacked Noncurrent Loans$189,000
Real Estate Owned$205,000
Profit Margin - Quarterly
Return on Assets0.35%
Return on Equity3.25%
Interest Income$1.10 million
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Great River Credit Union Savings Account Rates

0.25%$75k-Premier Money Fund Account
0.20%$25k-Money Fund Savings Account
0.20%$25k-Health Savings Account
0.20%$25k-IRA Passbook Savings Account
0.05%--Primary Savings
0.05%--Kids Club

Great River Credit Union CD Rates

0.45%$1k-12 Month Premier Advantage CD
0.45%$1k-18 Month Premier Advantage CD
0.40%$500$1k12 Month Minor CD
0.40%$500$1k18 Month Minor CD
0.40%$1k-12 Month Classic Advantage CD
0.40%$1k-18 Month Classic Advantage CD
0.30%$1k-6 Month Premier Advantage CD
0.25%$500$1k6 Month Minor CD
0.25%$1k-6 Month Classic Advantage CD

Great River Credit Union IRA Rates

0.45%$1k-12 Month Premier Advantage IRA
0.45%$1k-18 Month Premier Advantage IRA
0.40%$1k-12 Month Classic Advantage IRA
0.40%$500$1k12 Month Minor IRA
0.40%$1k-18 Month Classic Advantage IRA
0.40%$500$1k18 Month Minor IRA
0.30%$1k-6 Month Premier Advantage IRA
0.25%$1k-6 Month Classic Advantage IRA
0.25%$500$1k6 Month Minor IRA

Great River Credit Union Locations
Branch Office206 1st ST SWaite Park, MN 563871306
Branch Office4 2nd AVE NSauk Rapids, MN 563791604
Branch Office1532 W Saint Germain StSaint Cloud, MN 563014129
Branch Office1725 Pine Cone RD SSartell, MN 563775801