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 481st largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 181 employees and 45,638 members. Greater Nevada Credit Union has a A health rating.
Membership is open to those who live or work in northern Nevada counties. Joining Greater Nevada requires a one-time $5 membership fee and opening a Savings Shares account with a minimum $25 deposit. - See Details
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.
This Credit Union has too many fees and not enough of an opportunity to avoid them . Marginal customer service and restrictive policies. If you are financially responsible do not bank here. They will fee you to insolvency.
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 Greater Nevada Credit Union had $2.76 million in non-current loans and owned real-estate with $49.82 million in equity and loan loss allowances on hand to cover it. This gives Greater Nevada Credit Union a Texas Ratio of 5.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Greater Nevada Credit Union experienced no significant changes from 5.54% as of March 31, 2013 to 5.54% as of March 31, 2014, resulting in a negative change of 0.02%. This indicates that the balance sheet and financial strength for Greater Nevada Credit Union has had no significant changes in recent periods.
In the past year, Greater Nevada Credit Union has increased its total deposits by $11.91 million, resulting in 2.89% 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 above 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. Greater Nevada Credit Union has $474.07 million in assets with $49.82 million in equity, resulting in a capitalization level of 10.51%, which is above average.
|Assets and Liabilities|
|Equity Capital||$47.02 million|
|Loan Loss Allowance||$2.80 million|
|Unbacked Noncurrent Loans||$2.69 million|
|Real Estate Owned||$71,000|
|Historic Data - March 2013|
|Equity Capital||$42.86 million|
|Loan Loss Allowance||$5.17 million|
|Unbacked Noncurrent Loans||$2.69 million|
|Real Estate Owned||$64,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.28%|
|Return on Assets||0.83%|
|Return on Equity||8.35%|
|Interest Income||$4.23 million|
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|0.05%||-||-||Roth IRA Shares|
|0.05%||-||-||Health Savings Account|
|2.50%||-||$10k||We Aspire Checking - Qualifying|
|0.05%||-||-||We Aspire Checking - Non Qualifying|
|1.25%||$10k||-||60 Month CD|
|1.05%||$10k||-||48 Month CD|
|0.85%||$10k||-||36 Month CD|
|0.70%||$10k||-||30 Month CD|
|0.65%||$10k||-||24 Month CD|
|0.50%||$10k||-||18 Month CD|
|0.30%||$10k||-||12 Month CD|
|0.10%||$10k||-||3 Month CD|
|0.10%||$10k||-||6 Month CD|
|1.25%||$10k||-||60 Month IRA|
|1.05%||$10k||-||48 Month IRA|
|1.00%||$10k||-||60 Month IRA - Special Distribution|
|0.85%||$10k||-||36 Month IRA|
|0.80%||$10k||-||48 Month IRA - Special Distribution|
|0.70%||$10k||-||30 Month IRA|
|0.65%||$10k||-||24 Month IRA|
|0.60%||$10k||-||36 Month IRA - Special Distribution|
|0.50%||$10k||-||18 Month IRA|
|0.45%||$10k||-||30 Month IRA - Special Distribution|
|0.40%||$10k||-||24 Month IRA - Special Distribution|
|0.30%||$10k||-||12 Month IRA|
|0.25%||$10k||-||18 Month IRA - Special Distribution|
|0.05%||$1k||-||12 Month IRA - Special Distribution|