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Granco Credit Union

Overview
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Granco Credit Union is a federal credit union based in Ephrata, Washington. It has been opened since 1956, for 64 years.

With around $61,280,000 in assets, Granco Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address Po Box 127
Ephrata, Washington 98823
Website http://www.granco.org
Phone (509) 754-5233
Fax (509) 754-5504
CEO Brandi Johnson
President of the Board Craig Jorgensen
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
4,590 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members
248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$61,284,137
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
Granco Credit Union Branch Locations

Granco Credit Union: Main Office
217 Alder Street SW
Ephrata, Washington 98823
ATM Available
Granco Credit Union: Moses Lake Branch
401 E. 5th Avenue
Moses Lake, Washington 98837
ATM Available
Members
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4,590 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members

With 4,590 members, the Granco Credit Union is considered to be a medium size credit union. It is larger than 55% of credit unions.

Fees
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$118
Average fee per member
The average fee per member at the Granco Credit Union is $118, which is very high compared to most credit unions. This rate is higher than 90% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Granco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
18 staff members
FTE (full-time equivalent)
5% of employees are part-time
18 full-time, 1 part-time

Granco Credit Union has 18 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Granco Credit Union has around 248 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$61,284,137
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.7%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$18,253
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 88% of credit unions.

Granco Credit Union holds a total of $45,720,000 in loans and leases, which is about $18,253 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Granco Credit Union pays 0.15%.

Loan rates
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13.14%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.91%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.15%
New car loan rate
Compared to 4.0% nationally
5.57%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.36%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Credit Card Loan Interest Rate
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