Gunnison Savings and Loan Association


Overview / Commentary
970-641-2171
303 North Main St
Gunnison, CO 81230

Gunnison Savings and Loan Association is headquartered in Gunnison and is the 63rd largest bank in the state of Colorado. It is also the 4,005th largest bank in the nation. It was established in 1911 and as of March of 2020, it had grown to 22 employees at 2 locations. Gunnison Savings and Loan Association has a B+ health rating.

Reviews (2)

Horrible Bank

Posted by: |

This is the worst bank to deal with. They will take everything you've worked for while making a profit from you. Karma sucks and Gunnison Savings and Loan has it coming to them. They will get what they deserve. Don't do business with them. You've been warned.

Deficiency Judgements

Posted by: |

Gunnison Savings and Loan Association, Gunnison Colorado through their attorney Rufus Wilderson is pursuing a deficiency judgement on property the bank purchased at foreclosure auction.  Attempts for settlement have been rejected. I am an out-of-state defendant and the legal fees are mounting. I can not find a history of this type of transaction for this bank.  Under the County Assessor, this property is the only bank buy back to date.  Between buy back price, interest paid on the original loan and loan costs, the bank did not lose money.  Yet there is a $100k deficiency judgement.  It seems I am singled out and that this is not a typical practice.  



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Gunnison Savings and Loan Association has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #30388
Year Established1911
Employees22
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD3.78%
Annual Interest Income$928.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$99.2MM$100.2MM
LoansQ1 2020vs Q1 2019$57.6MM$58.3MM
DepositsQ1 2020vs Q1 2019$84.1MM$85.7MM
Equity CapitalQ1 2020vs Q1 2019$12.7MM$12.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$504.00K$504.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$216.00K$262.00K
Real Estate OwnedQ1 2020vs Q1 2019$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.

Gunnison Savings and Loan Association Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1-Statement Savings Account

Gunnison Savings and Loan Association Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Money Market

Gunnison Savings and Loan Association CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$500-5 Year CD
0.75%$500-4 Year CD
0.45%$500-3 Year CD
0.20%$500-2 Year CD
0.20%$500-30 Month CD
0.15%$500-1 Year CD
0.15%$500-18 Month CD

Gunnison Savings and Loan Association IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$500-5 Year IRA
0.30%$500-18 Month Variable Rate IRA
0.20%$500-30 Month IRA
0.20%$500-2 Year IRA
0.15%$500-1 Year IRA
Locations


Gunnison Savings and Loan Association Locations
Gunnison Savings and Loan Association303 North Main StGunnison, CO 81230

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