Gunnison Savings and Loan Association
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.
Horrible Bank
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
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.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30388 |
| Year Established | 1911 |
| Employees | 22 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 3.78% |
| Annual Interest Income | $928.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $99.2MM$100.2MM |
| Loans | Q1 2020vs Q1 2019 | $57.6MM$58.3MM |
| Deposits | Q1 2020vs Q1 2019 | $84.1MM$85.7MM |
| Equity Capital | Q1 2020vs Q1 2019 | $12.7MM$12.0MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $504.00K$504.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $216.00K$262.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |