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

Gunnison Savings and Loan Association

Gunnison Savings and Loan Association Locations

303 North Main St
Gunnison, CO 81230
(970) 641-2171
www.gunnisonsl.com

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Gunnison Savings and Loan Association is headquartered in Gunnison and is the 65^th largest bank in the state of Colorado. It is also the 4,746^th largest bank in the nation. It was established in 1911 and as of March of 2012, it had grown to 27 employees at 2 locations. Gunnison Savings and Loan Association has a 3-star health rating.

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

Gunnison Savings and Loan Association Checking Account Rates

Apy	Min	Max	Product
0.05%	$1k	-	NOW Account
0.05%	$1k	-	Classic Checking
0.05%	$1k	-	Grand Checking
0.05%	$1k	-	Mortgage Checking
0.05%	$1k	-	Graduate Checking
0.00%	$200	-	Regular Checking
0.00%	$500	-	Commercial Checking

Gunnison Savings and Loan Association Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Passbook Savings Account
0.10%	-	-	Statement Savings Account

Gunnison Savings and Loan Association Money Market Rates

	Apy	Min	Max	Product
	0.10%	$1k	-	Money Market

Gunnison Savings and Loan Association CD Rates

Apy	Min	Max	Product
1.66%	$500	-	5 Year CD
1.66%	$500	-	5 Year Special CD
1.16%	$500	-	4 Year CD
0.65%	$500	-	3 Year CD
0.30%	$500	-	1 Year CD
0.30%	$500	-	18 Month CD
0.30%	$500	-	2 Year CD
0.30%	$500	-	30 Month CD
0.30%	$500	-	30 Month Special CD
0.10%	$500	-	6 Month CD
0.05%	$500	-	3 Month CD
0.00%	$500	-	2 Month CD
0.00%	$500	-	1 Year Step Up CD
0.00%	$500	-	18 Month Step Up CD

Gunnison Savings and Loan Association IRA Rates

Apy	Min	Max	Product
1.66%	$500	-	5 Year IRA
1.66%	$500	-	5 Year Roth IRA
1.66%	$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
0.30%	$500	-	1 Year IRA
0.30%	$500	-	30 Month IRA
0.30%	$500	-	2 Year IRA
0.30%	$500	-	1 Year Roth IRA
0.30%	$500	-	2 Year Roth IRA
0.30%	$500	-	30 Month Roth IRA
0.30%	$500	-	1 Year Educational IRA
0.30%	$500	-	2 Year Educational IRA
0.30%	$500	-	30 Month Educational IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Gunnison Savings and Loan Association
OTS #	05267
FDIC Certificate #	30388
BankRate Report	View
Year Established	1911
Employees	27
Primary Regulator	FDIC
Assets and Liabilities
Assets	$108.75 million
Loans	$70.33 million
Deposits	$97.16 million
Equity Capital	$9.88 million
Loan Loss Allowance	$590,000
Unbacked Noncurrent Loans	$1.35 million
Real Estate Owned	$382,000
Historic Data - March 2011
Assets	$105.11 million
Equity Capital	$9.82 million
Loan Loss Allowance	$572,000
Unbacked Noncurrent Loans	$1.47 million
Real Estate Owned	$250,000
Profit Margin - Quarterly
Net Interest Margin	2.14%
Return on Assets	0.05%
Return on Equity	0.53%
Interest Income	$941,000

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 March 31, 2012 Gunnison Savings and Loan Association had $1.73 million in non-current loans and owned real-estate with $10.47 million in equity and loan loss allowances on hand to cover it. This gives Gunnison Savings and Loan Association a Texas Ratio of 16.53% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Gunnison Savings and Loan Association held steady from 16.52% as of March 31, 2011 to 16.53% as of March 31, 2012, resulting in a negative change of 0.10%. This indicates that the balance sheet and financial strength for Gunnison Savings and Loan Association has held steady in recent periods.
Deposit Growth
In the past year, Gunnison Savings and Loan Association has increased its total deposits by $3.57 million, resulting in 3.81% 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.
Capitalization
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 $108.75 million in assets with $10.47 million in equity, resulting in a capitalization level of 9.63%, which is average.

Deficiency Judgements
1 stars

- HRBrownCS - Sunday, September 12, 2010 - 11:37 AM

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.