Overview / Commentary
Glatco Credit Union is headquartered in Spring Grove and is the 124th largest credit union in the state of Pennsylvania. It is also the 2,415th largest credit union in the nation. It was established in 1977 and as of March of 2025, it had grown to 5 employees and 3,014 members at 3 locations. Glatco Credit Union has a B+ health rating.
Field of Membership Restrictions
Glatco Credit Union is open to employees of the P.H. Glatfelter Company, Spring Grove Area School District students and graduates, employees of the credit union affiliated select employer groups that are listed on the credit union website, and family or household members of current credit union members.
See current membership details
Health
B+
Data as of Q1 2025
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. Glatco Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63943 |
| Year Chartered | 1977 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.27% |
| Return on Equity - YTD | 8.5% |
| Annual Interest Income | $479K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $51.8MM$52.1MM |
| Loans | Q1 2025vs Q1 2024 | $10.5MM$10.8MM |
| Deposits | Q1 2025vs Q1 2024 | $44.1MM$45.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.6MM$6.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $316K$224K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $208K$42K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$194K |