Overview / Commentary
Glatco Credit Union is headquartered in Spring Grove and is the 129th largest credit union in the state of Pennsylvania. It is also the 2,493rd largest credit union in the nation. It was established in 1977 and as of December of 2019, it had grown to 3 employees and 3,290 members at 2 locations. Glatco Credit Union has a B+ health rating.
Field of Membership Restrictions
Glatco Credit Union of Pennsylvania is open to the employees of the P.H.Glatfelter Company, Spring Grove Area School District students and graduates, the employees of the credit union affiliated select employer groups that are listed on the credit union website, and the family members of current credit union members.
See current membership details
Health
B+
Data as of Q4 2019
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63943 |
| Year Chartered | 1977 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 4.65% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $42.6MM$41.1MM |
| Loans | Q4 2019vs Q4 2018 | $8.6MM$8.4MM |
| Deposits | Q4 2019vs Q4 2018 | $36.6MM$35.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.0MM$5.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $122.00K$74.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $4.00K$8.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |