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Grove City Area Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD12 Month Share Certificate
0.25%SavingsRegular Share Account
0.70%2-year CD24 Month Share Certificate

Overview / Commentary
724-748-6091
1600 S CENTER STREET EXT
GROVE CITY, PA 16127

Grove City Area Federal Credit Union is headquartered in GROVE CITY and is the 74th largest credit union in the state of Pennsylvania. It is also the 1,802nd largest credit union in the nation. It was established in 1950 and as of December of 2016, it had grown to 20 employees and 8,577 members at 2 locations. Grove City Area Federal Credit Union's money market rates are 48% higher than the national average, and it has 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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Reviews (1)

Good rates, better than a conventional bank!

Posted by: FloinPA | Dec 27, 2016

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.



Health
Additional 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. Grove City Area Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #6722
Year Chartered1950
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD3.65%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$80.1MM$77.2MM
LoansQ4 2016vs Q4 2015$42.7MM$39.7MM
DepositsQ4 2016vs Q4 2015$70.2MM$67.7MM
Equity CapitalQ4 2016vs Q4 2015$9.7MM$9.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$145.00K$170.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$293.00K$491.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Grove City Area Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$50-Regular Share Account

Grove City Area Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$250k*-Money Market
OTHER TIERS: 0.35% $2,500 - $50k | 0.50% $50k - $250k

Grove City Area Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$2k-24 Month Share Certificate
0.60%$2k-18 Month Share Certificate
0.50%$2k-12 Month Share Certificate
0.30%$2k-6 Month Share Certificate
Locations


Grove City Area Federal Credit Union Locations
Branch Office1600 S CENTER STREET EXTGROVE CITY, PA 16127
Branch Office1 CREDIT UNION WAYGROVE CITY, PA 16127