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970-641-2171
303 North Main St
Gunnison, CO 81230

Gunnison Savings and Loan Association is headquartered in Gunnison and is the 66th largest bank in the state of Colorado. It is also the 4,510st largest bank in the nation. It was established in 1911 and as of March of 2014, it had grown to 25 employees at 2 locations. Gunnison Savings and Loan Association has a B+ health rating.

Reviews (2)

Deficiency Judgements

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.  

Horrible Bank

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.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Gunnison Savings and Loan Association had $1.31 million in non-current loans and owned real-estate with $10.58 million in equity and loan loss allowances on hand to cover it. This gives Gunnison Savings and Loan Association a Texas Ratio of 12.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Gunnison Savings and Loan Association decreased dramatically from 19.41% as of March 31, 2013 to 12.41% as of March 31, 2014, resulting in a positive change of 36.05%.This indicates that the balance sheet and financial strength for Gunnison Savings and Loan Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Gunnison Savings and Loan Association has increased its total deposits by $1.9 million, resulting in 2% 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

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. Gunnison Savings and Loan Association has $108.91 million in assets with $10.58 million in equity, resulting in a capitalization level of 9.72%, which is above average.

Institution Statistics

Overall
FDIC Certificate #30388
Year Established1911
Employees25
Primary RegulatorFDIC
Assets and Liabilities
Assets$108.91 million
Loans$62.19 million
Deposits$97.04 million
Equity Capital$10.17 million
Loan Loss Allowance$416,000
Unbacked Noncurrent Loans$573,000
Real Estate Owned$741,000
Historic Data - March 2013
Assets$106.91 million
Equity Capital$10.05 million
Loan Loss Allowance$403,000
Unbacked Noncurrent Loans$573,000
Real Estate Owned$1.03 million
Profit Margin - Quarterly
Net Interest Margin2.14%
Return on Assets0.03%
Return on Equity0.31%
Interest Income$813,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Gunnison Savings and Loan Association, we are a rate comparison website and can not provide official rates or promotions.

Gunnison Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Passbook Savings Account
0.10%--Statement Savings Account

Gunnison Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Money Market

Gunnison Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-NOW Account
0.05%$10k-Classic Checking
0.05%$10k-Grand Checking
0.05%$10k-Mortgage Checking
0.05%$10k-Graduate Checking

Gunnison Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5 Year CD
1.51%$500-5 Year Special CD
1.16%$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

Gunnison Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5 Year IRA
0.50%$500-18 Month Variable Rate IRA
0.40%$500-30 Month IRA
0.35%$500-2 Year IRA
0.25%$500-1 Year IRA
Locations


Gunnison Savings and Loan Association Locations
Gunnison Savings and Loan Association303 North Main StGunnison, CO 81230
Crested Butte Branch501 Elk AveCrested Butte, CO 81224