Gain Federal Credit Union

Headquarters

1800 W. Magnolia Blvd
Burbank, CA 91506
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.65% →
1-Year CD 0.60% 2.02% →
2-Year CD 0.70% 3.00% →
5-Year CD 1.00% 3.50% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Gain is an NCUA insured institution located in Burbank, CA. It was founded in 1940 and has approximately $445.69 millions in assets.

Who can join?

1. Employees of the City of Burbank, California;
2. Full-time employees of Burbank City Employees Association, AFSCME 3143 who work in Burbank, California;
3. Voting members of the Friends of the Burbank Public Library in Burbank,California who qualify for membership in accordance with its charter and bylaws in effect on September 15, 1999;
4. Voting members of the Burbank Historical Society in Burbank, California who qualify for membership in accordance with its charter and bylaws in effect on July 20, 1993;
5. Employees of FotoKem Film and Video who work in Burbank,California;
6. Members of the Burbank Association of Realtors, Burbank, California.
Spouses of persons who died while within the field of membership of this credit union; employees of the credit union; persons retired as pensioners or annuitants from the above employment; members of their immediate families or household; and organizations of such persons.
As it relates to eligibility to join this credit union, immediate family member is defined as a spouse, child, sibling, parent, grandparent or grandchild if not living in the same residence. This would include stepparents, stepchildren, stepsiblings and adoptive relationships.
Household is defined as persons living in the same residence and who maintain a single economic unit, including any person who is a permanent member of or participates in the maintenance of the household.
Temporary employees described in the above field of membership are eligible to join the Credit Union. Burbank Police Reserves and the Police Chaplains are considered employees of the city.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3943
Date Established 1940
Assets $445.69 million
Loans $223.26 million
Deposits $412.86 million
Capital $32.56 million
 

Field of Membership Restrictions

Membership is open to employees of the city of Burbank, California, employees of FotoKem Film and Video working in Burbank,California, members of the Burbank Association of Realtors, Burbank, California and other select organizations. Membership is also open to residents of Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, and Ventura Counties, who join either the Friends of the Burbank Public Library or the Burbank Historical Society ($10 fee for either).

Deposit Rates - June 28, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 $499 Learn MoreShow Less

Loan Rates - June 28, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for GAIN

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
6.129% 5.990% 1.00 $3,750 $1,498 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to GAIN
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Gain branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California



Climate Initiatives

GAIN is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Gain Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gain. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Gain U.S. Average
2.97% 4.85

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2021, Gain had $1,011,969 in non-current loans and $11,201 in owned assets. To cover these potential losses it had $32,562,285 in net worth and $1,934,170 in loans loss reserves. That gives it a Texas Ratio of 2.97%.

Net Worth
Gain U.S. Average
7.37% 12.36%

Gain FCU has a net worth of 7.37% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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