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

Greater Nevada Credit Union

Greater Nevada Credit Union Locations
451 Eagle Station Lane
Carson City, NV 89701
775-882-2060
www.gncu.org

NCUA

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 469th largest credit union in the nation. It was established in 1949 and as of December of 2012, it had grown to 154 employees and 45,518 members. Greater Nevada Credit Union has a 5-star health rating.

Greater Nevada Credit Union Routing Number: 321280143

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

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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...



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

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
0.05%--IRA Shares
0.05%--Roth IRA Shares

Greater Nevada Credit Union Money Market Rates

ApyMinMaxProduct
0.20%$25k-Money Market

Greater Nevada Credit Union CD Rates

ApyMinMaxProduct
0.75%$10k-60 Month CD
0.65%$10k-48 Month CD
0.60%$10k-36 Month CD
0.35%$10k-30 Month CD
0.30%$10k-24 Month CD
0.25%$10k-18 Month CD
0.10%$10k-12 Month CD

Greater Nevada Credit Union IRA Rates

ApyMinMaxProduct
0.75%$10k-60 Month IRA
0.75%$10k-60 Month Roth IRA
0.65%$10k-48 Month IRA
0.65%$10k-48 Month Roth IRA
0.60%$10k-36 Month IRA
0.60%$10k-36 Month Roth IRA
0.50%$10k-60 Month IRA - Special Distribution
0.50%$10k-60 Month Roth IRA - Special Distribution
0.40%$10k-48 Month IRA - Special Distribution
0.40%$10k-48 Month Roth IRA - Special Distribution
0.35%$10k-30 Month IRA
0.35%$10k-36 Month IRA - Special Distribution
0.35%$10k-30 Month Roth IRA
0.35%$10k-36 Month Roth IRA - Special Distribution
0.30%$10k-24 Month IRA
0.30%$10k-24 Month Roth IRA
0.25%$10k-18 Month IRA
0.25%$10k-18 Month Roth IRA
0.10%$10k-12 Month IRA
0.10%$10k-30 Month IRA - Special Distribution
0.10%$10k-12 Month Roth IRA
0.10%$10k-30 Month Roth IRA - Special Distribution
0.05%$1k-12 Month IRA - Special Distribution
0.05%$1k-18 Month IRA - Special Distribution
0.05%$1k-24 Month IRA - Special Distribution
0.05%$1k-12 Month Roth IRA - Special Distribution
0.05%$1k-18 Month Roth IRA - Special Distribution
0.05%$1k-24 Month Roth IRA - Special Distribution

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


GREATER NEVADA
NCUA #68228
BankRate ReportView
Year Chartered1949
Employees154
Primary Regulator

Assets and Liabilities

Assets$444.84 million
Loans$253.69 million
Deposits$401.01 million
Equity Capital$41.27 million
Loan Loss Allowance$5.79 million
Unbacked Noncurrent Loans$3.45 million
Real Estate Owned$184,000

Historic Data - December 2011

Assets$444.74 million
Equity Capital$30.30 million
Loan Loss Allowance$9.29 million
Unbacked Noncurrent Loans$6.78 million
Real Estate Owned$951,000

Profit Margin - Quarterly

Net Interest Margin6%
Return on Assets2.06%
Return on Equity22.22%
Interest Income$17.40 million
Non-Interest Income$19.41 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Greater Nevada Credit Union had $3.63 million in non-current loans and owned real-estate with $47.06 million in equity and loan loss allowances on hand to cover it. This gives Greater Nevada Credit Union a Texas Ratio of 7.72% which is excellent. 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 19.52% as of December 31, 2011 to 7.72% as of December 31, 2012, resulting in a positive change of 60.47%.This indicates that the balance sheet and financial strength for Greater Nevada Credit Union has improved significantly in recent periods.
Deposit Growth2
In the past year, Greater Nevada Credit Union has decreased its total deposits by -$10.62 million, resulting in -2.58% 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 below average.
Capitalization4
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 $444.84 million in assets with $47.06 million in equity, resulting in a capitalization level of 10.58%, which is above average.
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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.

4
 
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