Gunnison Savings and Loan Association is headquartered in Gunnison and is the 65th largest bank in the state of Colorado. It is also the 4,579th largest bank in the nation. It was established in 1911 and as of September of 2013, it had grown to 25 employees at 2 locations. Gunnison Savings and Loan Association has a B+ health rating.
Gunnison Savings and Loan Association, Gunnison Colorado through their attorney Rufus Wilderson is pursuing a deficiency judgement on property the bank purchased at foreclosure auction. Attempts for settlement have been rejected. I am an out-of-state defendant and the legal fees are mounting. I can not find a history of this type of transaction for this bank. Under the County Assessor, this property is the only bank buy back to date. Between buy back price, interest paid on the original loan and loan costs, the bank did not lose money. Yet there is a $100k deficiency judgement. It seems I am singled out and that this is not a typical practice.
This is the worst bank to deal with. They will take everything you've worked for while making a profit from you. Karma sucks and Gunnison Savings and Loan has it coming to them. They will get what they deserve. Don't do business with them. You've been warned.
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, 2013 Gunnison Savings and Loan Association had $1.41 million in non-current loans and owned real-estate with $10.56 million in equity and loan loss allowances on hand to cover it. This gives Gunnison Savings and Loan Association a Texas Ratio of 13.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Gunnison Savings and Loan Association decreased slightly from 15.65% as of September 30, 2012 to 13.33% as of September 30, 2013, resulting in a positive change of 14.77%.This indicates that the balance sheet and financial strength for Gunnison Savings and Loan Association has improved slightly in recent periods.
In the past year, Gunnison Savings and Loan Association has increased its total deposits by $1.11 million, resulting in 1.17% 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 Gunnison Savings and Loan Association 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. Gunnison Savings and Loan Association has $107.87 million in assets with $10.56 million in equity, resulting in a capitalization level of 9.79%, which is above average.
|FDIC Certificate #||30388|
|Assets and Liabilities|
|Equity Capital||$10.11 million|
|Loan Loss Allowance||$448,000|
|Unbacked Noncurrent Loans||$658,000|
|Real Estate Owned||$750,000|
|Historic Data - September 2012|
|Equity Capital||$9.97 million|
|Loan Loss Allowance||$495,000|
|Unbacked Noncurrent Loans||$658,000|
|Real Estate Owned||$888,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.36%|
|Return on Assets||0.1%|
|Return on Equity||1.09%|
|Interest Income||$2.64 million|
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|0.10%||-||-||Passbook Savings Account|
|0.10%||-||-||Statement Savings Account|
|1.41%||$500||-||5 Year CD|
|1.41%||$500||-||5 Year Special CD|
|1.06%||$500||-||4 Year CD|
|0.75%||$500||-||3 Year CD|
|0.40%||$500||-||30 Month CD|
|0.40%||$500||-||30 Month Special CD|
|0.35%||$500||-||2 Year CD|
|0.30%||$500||-||18 Month CD|
|0.25%||$500||-||1 Year CD|
|0.10%||$500||-||6 Month CD|
|0.00%||$500||-||3 Month CD|
|1.41%||$500||-||5 Year IRA|
|1.41%||$500||-||5 Year Roth IRA|
|1.41%||$500||-||5 Year Educational IRA|
|0.50%||$500||-||18 Month Variable Rate IRA|
|0.50%||$500||-||18 Month Variable Roth IRA|
|0.50%||$500||-||18 Month Variable Educational IRA|
|0.40%||$500||-||30 Month IRA|
|0.40%||$500||-||30 Month Roth IRA|
|0.40%||$500||-||30 Month Educational IRA|
|0.35%||$500||-||2 Year IRA|
|0.35%||$500||-||2 Year Roth IRA|
|0.35%||$500||-||2 Year Educational IRA|
|0.25%||$500||-||1 Year IRA|
|0.25%||$500||-||1 Year Roth IRA|
|0.25%||$500||-||1 Year Educational IRA|
|Gunnison Savings and Loan Association Locations|
|Gunnison Savings and Loan Association||303 North Main St||Gunnison, CO 81230|
|Crested Butte Branch||501 Elk Ave||Crested Butte, CO 81224|