Overview / Commentary
Granco Federal Credit Union is headquartered in Ephrata and is the 48th largest credit union in the state of Washington. It is also the 1,935th largest credit union in the nation. It was established in 1956 and as of June of 2021, it had grown to 19 employees and 4,887 members at 2 locations. Granco Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Granco Federal Credit Union is open employees of the the Public Utility District of Grant Kittitas, Okanogan and Douglas Counties in Washington and other organizations and municipalities.
See current membership details
Health
B+
Data as of Q2 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. Granco Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10904 |
| Year Chartered | 1956 |
| Employees | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 12.78% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $88.9MM$72.7MM |
| Loans | Q2 2021vs Q2 2020 | $47.6MM$48.0MM |
| Deposits | Q2 2021vs Q2 2020 | $82.3MM$66.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $6.4MM$5.7MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $211.00K$354.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $311.00K$682.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$112.00K |