Overview / Commentary
Glendale Federal Credit Union is headquartered in Glendale and is the 164th largest credit union in the state of California. It is also the 1,800th largest credit union in the nation. It was established in 1951 and as of December of 2020, it had grown to 18 employees and 7,478 members at 2 locations. Glendale Federal Credit Union has an A health rating.
Field of Membership Restrictions
Glendale Federal Credit Union is open to employees of the City of Glendale and Culver City, Hollywood Hounds, the Glendale Police and Fire Departments, Glendale FCU, Glendale YMCA, Turpin and Rattan Engineering, Inc., Arthur J. Gallagher Risk Management Services, Culver-Palms YMCA, and Members of Friends of the Glendale Public Library
See current membership details
Health
A
Data as of Q4 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. Glendale Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7557 |
| Year Chartered | 1951 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 0.49% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $95.2MM$82.5MM |
| Loans | Q4 2020vs Q4 2019 | $48.9MM$50.6MM |
| Deposits | Q4 2020vs Q4 2019 | $78.2MM$70.7MM |
| Equity Capital | Q4 2020vs Q4 2019 | $11.8MM$11.7MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $127.00K$294.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $117.00K$45.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |