Great River Federal Credit Union


Overview / Commentary
320-252-5393
1532 W Saint Germain St
Saint Cloud, MN 56301-4129

Great River Federal Credit Union is headquartered in Saint Cloud and is the 18th largest credit union in the state of Minnesota. It is also the 952nd largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 68 employees and 19,166 members at 9 locations. Great River Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Great River Federal Credit Union is open to all U.S. citizens/residents aliens through membership in the American Consumer Council (ACC). Immediate family members of current Great River Federal Credit Union membership also qualify for member, as do the employees of nearly 40 Select Employer Groups.
See current membership details

Related Posts

4% Again Coming On Sept 7Th, 33 Month Duration - 9/5/2022

50% New money required. Won't last long!

Great River Federal Credit Union Adds Top-Rate 37-Month CD Special - 8/12/2022

Great River Federal Credit Union (easy membership) has added two very competitive 37-Month CD Specials. $500 min/$250k max deposit, with at least 50% new money.

Great River FCU 37-Month CD 4.02% APY - 8/11/2022

I had a great experience with this FI. I sent in my application early this morning, and I already have a savings account number and online banking at 4 PM the same day! I plan to wire funds into the savings account and then contact the CU to open a 37-month CD with that money. You actually get 4.07% APY if you put in $15K or more (it makes you a premier member). Everything was handled efficiently and professionally. What a relief after dealing with CFG bank. CFG finally ACH pulled my funding deposit today 8/11 after applying on 8/1. The CU assured me that they will honor their 37-month CD deal when I told them it might take a couple of business days to get the money to them. My only regret was opening a 36-month CD at Penfed for 3.25% APY several weeks ago. I will probably pull the plug on that one. Now maybe I'll go for the 60-month CD deal at EFCU Financial. Can rates go higher? Yeah, probably. But I doubt I'm going to regret jumping on these deals. I'm reserving some funds be

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Reviews (4)

Very Quick Account Opening

Posted by: |

Filled out online app for GRFCU
yesterday 10 AM EST. Got call from very professional and efficient CSR at 4:25 PM EST saying they needed my drivers license. I told her I did not see where I was prompted to upload it during the app process but I could send it now. She said No, lets do a video chat. I held up my dl and she captured it from the screen. She gave the bank routing number, my new savings account number and a phone number to call when my wire transfer was complete - and we could then fund the CD. She did say the special would only last 2 weeks.This is the quickest credit union membership acquisition I have ever experienced.
Still waiting on new account status response from CFG and EFCU from over 10 days ago.

GRFCU Front Door Service

Posted by: |

Great River Federal Credit Union has by far been the best credit union I have ever dealt with in my life! The branches never have lines, the employees are ALWAYS respectful, and friendly. It's always nice to enter an establishment and the employees recognize you on a somewhat personal level. GRFCU loan officers are top performers; They WILL do what it takes to get your needs assessed and taken care of. I have never found any errors in statements that I received from them during my 7 year membership. Since I moved out of state, I am sad to say I can longer utilize their services; however, I would strongly encourage anyone considering a financial relationship with them to move forward, they definitely deliver!

Great (Waste Of Time) Rivers FCU

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I applied for their 37 mo promotional cert 4.02% the day it came out on 4/11/22. After giving all of my personal information and bank account numbers to transfer funds, and answering a bunch of bs questions in their application…btw questions were weird and unlike any other bank or fcu in the United States (how many wire transfers in a month will you do and in what average amount, how many ACH transfers and in what amount. Will you do international ACH wire transfers, and on and on and then doing a hard credit pull. I finally get a call from a rep today 4/15/22 denying me membership due to one, (yes one) inquiry on my credit report and she states I’m too high of risk. Mind you, I have never been denied a bank account, loan or credit card in my life and have a credit score over 825 since forever. The reason for the inquiry as I explained is with rising rates I’m moving money to different institutions such as theirs. The rep who tells me that I’m too high of a risk. What a freaking joke! If I’m too high of a risk then they are certainly too high of a risk if thier process is that broken. Thanks for doing me the favor and saving me the time and trouble of never having to put up with any more of their BS and waste my time with Great waste of time Rivers FCU. They aren’t worth it. I’d recommend staying away! There are a lot better FCU’s out there.

Hard Pull, Long Wait, No Way To Guarantee The 4.07 Rate

Their process to open a CD is ridiculous and credit-damaging - AND EVEN THEN THERE IS NO GUARANTEE THAT YOU CAN GET THEIR RATE You have to first apply for membership, at which point they do a hard pull on your credit, lowering your FICO score. Then they require you to open a liquid account and THEN somehow transfer funds into it (and you cannot do it online). THEN, once you have deposited your funds into your new liquid account, THEN you can apply for a CD - but at that point no one has any idea WHAT THE RATE WILL BE - by then it might be 1% - YOU CANNOT LOCK IN A RATE AT ANY POINT. So, your credit is damaged, and you have no guarantee that you can get the rate they offer now. INSANE, RIDICULOUS, STONE-AGE PROCESS that is a pure gamble. Not worth it at all if you value your credit score.



Health

Health Grade Components

Overall
NCUA #24632
Year Chartered1948
Employees68
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD2.04%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$321.6MM$243.6MM
LoansQ2 2022vs Q2 2021$233.8MM$171.6MM
DepositsQ2 2022vs Q2 2021$288.6MM$220.7MM
Equity CapitalQ2 2022vs Q2 2021$25.7MM$21.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$787.00K$791.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$617.00K$190.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$126.00K
Rates

Rates for Great River Federal Credit Union are currently being reviewed.

Locations


Great River Federal Credit Union Locations
Branch Office206 1st St SWaite Park, MN 56387-1306
Branch Office4 2nd Ave NSauk Rapids, MN 56379-1604
Branch Office1532 W Saint Germain StSaint Cloud, MN 56301-4129
Branch Office1725 Pine Cone Rd SSartell, MN 56377-0030
Branch Office161 Glen StFoley, MN 56329
Branch Office18146 198th AveBig Lake, MN 55309
Branch Office214 12th St SSauk Centre, MN 56378-1614
Branch Office2401 N BroadwayMinot, ND 58703
Branch Office1012 S 11th StNiles, MI 49120

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