1 star ratingAverage User Rating:
1 star rating based on 1 review.

Greater Nevada Credit Union

Greater Nevada Credit Union Locations
P.O. Box 2128
Carson City, NV 89702
800-421-6674
www.gncu.org

Greater Nevada Credit Union is headquartered in CARSON CITY and is the 5th largest credit union in the state of Nevada. It is also the 437th largest credit union in the nation. It was established in 1949 and as of September of 2011, it had grown to 147 employees and 47,965 members. Greater Nevada Credit Union has a 3-star health rating.

Greater Nevada Credit Union Routing Number: 321280143

Related Posts

3.00% Reward Checking Account at Greater Nevada Credit Union - 4/14/2008

Update 10/15/09: The top yield has gone up to 3.00% APY. See the bottom of the post for the rate history.Greater Nevada Credit Union has started a reward checking account called Greater Checking that pays 3.00% APY on balances up to $50,000 (0.25% for...

5.50% 21-Month CD at a Nevada CU (Greater Nevada) - 11/9/2007

Greater Nevada Credit Union has a special on three share certificate terms. The highest yield is a 21-month certificate with a yield of 5.50% APY for a minimum deposit of $50K. The yields are 5.40% APY and 5.15% APY for minimums of $10K and $1K. The...



Report an Issue
See Rates for: Checking | Savings

Greater Nevada Credit Union Checking Account Rates

ApyMinMaxProduct
2.50%-$10kWe Aspire Checking
0.05%--Business Premium Checking

Greater Nevada Credit Union Savings Account Rates

ApyMinMaxProduct
0.05%--Business Savings
0.05%--Savings Shares
0.05%--Christmas Club
0.05%--Minor Shares
0.05%--Savasaurus Shares

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


GREATER NEVADA
NCUA #68228
BankRate ReportView
Year Established1949
Employees147
Primary Regulator

Assets and Liabilities

Assets$444.76 million
Loans$269.23 million
Deposits$414.27 million
Equity Capital$28.97 million
Loan Loss Allowance$10.53 million
Unbacked Noncurrent Loans$8.63 million
Real Estate Owned$1.27 million

Historic Data - September 2010

Assets$472.86 million
Equity Capital$25.48 million
Loan Loss Allowance$15.24 million
Unbacked Noncurrent Loans$16.52 million
Real Estate Owned$916,000

Profit Margin - Quarterly

Net Interest Margin4.96%
Return on Assets1.14%
Return on Equity17.43%
Interest Income$15.15 million
Non-Interest Income$10.52 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Greater Nevada Credit Union had $9.9 million in non-current loans and owned real-estate with $39.5 million in equity and loan loss allowances on hand to cover it. This gives Greater Nevada Credit Union a Texas Ratio of 25.07% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Greater Nevada Credit Union decreased significantly from 42.82% as of September 30, 2010 to 25.07% as of September 30, 2011, resulting in a positive change of 41.46%.This indicates that the balance sheet and financial strength for Greater Nevada Credit Union has improved significantly in recent periods.
Deposit Growth1
In the past year, Greater Nevada Credit Union has decreased its total deposits by -$30.66 million, resulting in -6.89% 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 Greater Nevada Credit Union has shown is poor.
Capitalization3
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. Greater Nevada Credit Union has $444.76 million in assets with $39.5 million in equity, resulting in a capitalization level of 8.88%, which is average.
Write Review

Manipulate There Policies To Create Revenue .
1 stars - 2bnhealth - Monday, December 19, 2011 - 9:30 PM

I have had now 3 times that GNCU has put a hold on my deposits to create non- sufficient fund charges on my account. It is a way for them to manipulate their policies against you. They have taken my deposits and run them through within 24 to 48 hours normally. However, when they know that they can manipulate their polices they will hold your deposits for 3 - 4 days. In order to discuss any issue in this form they only have you use message system, denying direct contact with a customer representative. I am done dealing with this manipulation. I would recommend not having any money in this Credit Union, as what I see is that they do not care about how they treat their customers. Personally I really feel that I would not give them any star rating for this reason.

2
 
Featured Savings Account
Nationwide Savings Accounts