Overview / Commentary
Galaxy Federal Credit Union is headquartered in Franklin and is the 118th largest credit union in the state of Pennsylvania. It is also the 2,329th largest credit union in the nation. It was established in 1940 and as of March of 2020, it had grown to 8 employees and 4,745 members at 2 locations. Galaxy Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school or volunteer in Venango County.
See current membership details
Related Posts
Health
A
Data as of Q1 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Galaxy Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4116 |
| Year Chartered | 1940 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 4.87% |
| Annual Interest Income | $429.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $50.9MM$49.0MM |
| Loans | Q1 2020vs Q1 2019 | $25.4MM$23.8MM |
| Deposits | Q1 2020vs Q1 2019 | $40.9MM$39.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $9.9MM$9.4MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $121.00K$161.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $42.00K$162.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $27.00K$0 |