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775-882-2060
451 Eagle Station Lane
Carson City, NV 89701

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 December of 2013, it had grown to 182 employees and 45,384 members. Greater Nevada Credit Union has a A health rating.

Field of Membership Restrictions

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

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Reviews (1)

Manipulate There Policies To Create Revenue .

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.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Greater Nevada Credit Union had $3.06 million in non-current loans and owned real-estate with $48.6 million in equity and loan loss allowances on hand to cover it. This gives Greater Nevada Credit Union a Texas Ratio of 6.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Greater Nevada Credit Union decreased slightly from 7.72% as of December 31, 2012 to 6.30% as of December 31, 2013, resulting in a positive change of 18.33%.This indicates that the balance sheet and financial strength for Greater Nevada Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Greater Nevada Credit Union has increased its total deposits by $4.97 million, resulting in 1.24% 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.

Capitalization

GRADE:
B+

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 $454.76 million in assets with $48.6 million in equity, resulting in a capitalization level of 10.69%, which is above average.

Institution Statistics

Overall
NCUA #68228
Year Chartered1949
Employees182
Primary Regulator
Assets and Liabilities
Assets$454.76 million
Loans$279.85 million
Deposits$405.98 million
Equity Capital$45.40 million
Loan Loss Allowance$3.21 million
Unbacked Noncurrent Loans$3.06 million
Real Estate Owned$0
Historic Data - December 2012
Assets$444.84 million
Equity Capital$41.27 million
Loan Loss Allowance$5.79 million
Unbacked Noncurrent Loans$3.06 million
Real Estate Owned$184,000
Profit Margin - Quarterly
Net Interest Margin5.14%
Return on Assets1.46%
Return on Equity14.66%
Interest Income$16.77 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Greater Nevada Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Greater Nevada Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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
0.05%--Health Savings Account

Greater Nevada Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market

Greater Nevada Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$10kWe Aspire Checking
0.05%--We Aspire Checking

Greater Nevada Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.20%$1k-37 Month CD Special
1.70%$1k-27 Month CD Special
1.25%$10k-60 Month CD
1.20%$1k-17 Month CD Special
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

Greater Nevada Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.20%$1k-37 Month IRA Special (Traditional,Roth)
1.95%$1k-37 Month IRA Special - Special Distribution (Traditional,Roth)
1.70%$1k-27 Month IRA Special (Traditional,Roth)
1.45%$1k-27 Month IRA Special - Special Distribution (Traditional,Roth)
1.25%$10k-60 Month IRA (Traditional,Roth)
1.20%$1k-17 Month IRA Special (Traditional,Roth)
1.05%$10k-48 Month IRA (Traditional,Roth)
1.00%$10k-60 Month IRA - Special Distribution (Traditional,Roth)
0.95%$1k-17 Month IRA Special - Special Distribution (Traditional,Roth)
0.85%$10k-36 Month IRA (Traditional,Roth)
0.80%$10k-48 Month IRA - Special Distribution (Traditional,Roth)
0.70%$10k-30 Month IRA (Traditional,Roth)
0.65%$10k-24 Month IRA (Traditional,Roth)
0.60%$10k-36 Month IRA - Special Distribution (Traditional,Roth)
0.50%$10k-18 Month IRA (Traditional,Roth)
0.45%$10k-30 Month IRA - Special Distribution (Traditional,Roth)
0.40%$10k-24 Month IRA - Special Distribution (Traditional,Roth)
0.30%$10k-12 Month IRA (Traditional,Roth)
0.25%$10k-18 Month IRA - Special Distribution (Traditional,Roth)
0.05%$1k-12 Month IRA - Special Distribution (Traditional,Roth)
Locations

Greater Nevada Credit Union has 12 locations. Click to view all Greater Nevada Credit Union locations.