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 1,815th largest credit union in the nation. It was established in 1951 and as of March of 2021, it had grown to 14 employees and 7,597 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 Q1 2021
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 | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.32% |
| Return on Equity - YTD | -2.67% |
| Annual Interest Income | $567.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $98.7MM$82.7MM |
| Loans | Q1 2021vs Q1 2020 | $51.0MM$48.2MM |
| Deposits | Q1 2021vs Q1 2020 | $82.0MM$70.8MM |
| Equity Capital | Q1 2021vs Q1 2020 | $11.7MM$11.8MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $84.00K$267.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $33.00K$116.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |