Overview / Commentary
Grove City Area Federal Credit Union is headquartered in GROVE CITY and is the 67th largest credit union in the state of Pennsylvania. It is also the 1,620th largest credit union in the nation. It was established in 1950 and as of June of 2024, it had grown to 21 employees and 9,265 members at 2 locations. Grove City Area Federal Credit Union's money market rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Grove City Area Federal Credit Union is open to those who live or work in select townships/boroughs in Butler, Mercer, and Venango Counties, Pennsylvania.
See current membership details
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Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6722 |
| Year Chartered | 1950 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.67% |
| Return on Equity - YTD | 11.49% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $125.9MM$120.8MM |
| Loans | Q2 2024vs Q2 2023 | $68MM$67.1MM |
| Deposits | Q2 2024vs Q2 2023 | $107.6MM$104.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $18.2MM$16.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $334K$277K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.1MM$641K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |