Grove City Area Federal Credit Union is headquartered in GROVE CITY and is the 70th largest credit union in the state of Pennsylvania. It is also the 1,678th largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 21 employees and 9,028 members at 2 locations. Grove City Area Federal Credit Union's money market rates are 6X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in select townships in Mercer, Bulter, and Venango Counties in Pennsylvania.
See current membership details
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Good service, much better than a conventional bank
I've been a member of this credit union for nearly 20 years and overall I have no complaints. I like that they don't charge ridiculous fees for their services such as checking and savings and their interest rates on deposit accounts to be much better than other places. I've always had good experiences when dealing with their tellers as they are fast and efficient and I don't find myself waiting in line for an extended time period. I do wish their employees were a bit more knowledgeable about the geographic area they service though. I recently called to get information in regards to another family member wanting to join and was told that they weren't qualified as they didn't live in the right place. However, that information was wrong because while the family members city address is for a specific town (which doesn't qualify), he doesn't live there in the town, he lives in a nearby township which is included in their membership qualification. Other than that though, I've always been happy with the service I've received.
Grove City Federal Credit Union
Grove City Federal Credit Union is much better than any bank I've used before. Unlike banks I've used before they do not charge fees for using other banks' ATMs. They also have very friendly staff that make you feel like part of the family, including giving my child stickers and addressing her each time we go inside the credit union. Some things that made me give it only 3 stars on my web/mobile experience are the fact that they didn't have an app until this past month. I have also had issues where the website was down a few times when I tried to login to check my balance. Their products are very similar to the banks I have used, however they don't charge fees for not making frequent enough deposits or not maintaining a high enough balance like banks I have used. This is very appealing to me since I don't make a lot of money. The one other thing that is a drawback to the credit union is their own ATMs don't except deposits, however you can use other banks' ATMs for this purpose.
Good rates, better than a conventional bank!
I've been a customer with Grove City Area Federal Credit Union for around 15 years, and I've had no problems with them at all. I have found that their rates on savings and other savings related instruments to be much better than most of the banks in the area. They only have two branches which could be a drawback for some people, but both branches are full service and easy to get to. Their customer service is very good and all of their employees are very friendly. I would do all of my banking there if they had a branch closer to home for me. They do offer online banking services, but I do like to be able to go to a nearby branch whenever there is a problem. It's not a deal breaker for me though and by using them combined with another bank that is closer, I'm able to get all of the things I need for my banking needs.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6722 |
| Year Chartered | 1950 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 9.04% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $118.9MM$114.1MM |
| Loans | Q4 2022vs Q4 2021 | $66.4MM$59.3MM |
| Deposits | Q4 2022vs Q4 2021 | $103.0MM$99.7MM |
| Equity Capital | Q4 2022vs Q4 2021 | $15.8MM$14.4MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $145.00K$145.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $212.00K$150.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |