Glass Cap Federal Credit Union

Overview / Commentary
241 N Pittsburgh St
Connellsville, PA 15425

Glass Cap Federal Credit Union is headquartered in Connellsville and is the 149th largest credit union in the state of Pennsylvania. It is also the 2,867th largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 7 employees and 4,974 members at 2 locations. Glass Cap Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, worship, attend school or work in Fayette County.
See current membership details

Reviews (1)

A Great Experience

The Glass Cap FCU is a solid local credit union, usually used by employees of Crown Cork and Seal and some other local companies. Friendly staff and a varied and reasonable selection of products as well as awesome seasonal promotions (like the ability to skip loan payments around Christmas time) make this an attractive choice versus traditional commercial banking. If you're fed up with PNC or the ever changing Key Bank or First Niagara or National City or Integra/Gallatin bank scene, then this is a good, local option that will be stable and will help you do things that commercial banks can't do.

The banking process is smooth and the loan process couldn't be easier. Glass Cap FCU is a great choice for eligible members to join.

Additional 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. Glass Cap Federal Credit Union has a low asset base.

Health Grade Components

NCUA #13733
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD9.5%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$30.4MM$29.8MM
LoansQ4 2019vs Q4 2018$21.2MM$20.9MM
DepositsQ4 2019vs Q4 2018$26.4MM$25.9MM
Equity CapitalQ4 2019vs Q4 2018$3.4MM$3.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$64.00K$49.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$142.00K$85.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Glass Cap Federal Credit Union Savings Account Rates

0.50%--IRA Share Account
0.50%--Roth IRA Share Account
0.15%--Regular Share Account
0.15%--Vacation Share Account
0.15%--Christmas Club

Glass Cap Federal Credit Union CD Rates

0.80%$500-36 Month CD
0.65%$500-24 Month CD
0.45%$500-12 Month CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Glass Cap Federal Credit Union IRA Rates

0.80%$500-36 Month IRA CD
0.65%$500-24 Month IRA CD
0.45%$500-12 Month IRA CD
0.25%$500-6 Month IRA CD
0.15%$500-3 Month IRA CD

Glass Cap Federal Credit Union Locations
Branch Office241 N Pittsburgh StConnellsville, PA 15425-3209

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