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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 73rd largest credit union in the state of Pennsylvania. It is also the 1,790th largest credit union in the nation. It was established in 1950 and as of March of 2017, it had grown to 20 employees and 8,606 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 (2)

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!

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 - YTD0.46%
Return on Equity - YTD3.82%
Annual Interest Income$534.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$82.9MM$78.7MM
LoansQ1 2017vs Q1 2016$42.0MM$39.1MM
DepositsQ1 2017vs Q1 2016$72.8MM$69.1MM
Equity CapitalQ1 2017vs Q1 2016$9.8MM$9.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$153.00K$121.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$458.00K$149.00K
Real Estate OwnedQ1 2017vs Q1 2016$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