GORTON'S OF GLOUCESTER EMPLOYEES

128 ROGERS ST
Gloucester, MA 01930

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 843
Date Established 1935
Assets $0.81 million
Loans $0.33 million
Deposits $0.62 million
Capital $0.18 million

Gorton's Of Gloucester Employees is an NCUA insured institution located in Gloucester, MA. It was founded in 1935 and has approximately $0.81 millions in assets.

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

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Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for GORTON'S OF GLOUCESTER EMPLOYEES

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

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Branches

Below are Gorton's Of Gloucester Employees 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:
Ashburn,Virginia


Gorton's Of Gloucester Employees Locations


Financial Details

Gorton's Of Gloucester Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gorton's Of Gloucester Employees. 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
Gorton's Of Gloucester Employees U.S. Average
0.86% 7.49

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, 2018, Gorton's Of Gloucester Employees had $1,590 in non-current loans and $0 in owned assets. To cover these potential losses it had $180,525 in net worth and $3,349 in loans loss reserves. That gives it a Texas Ratio of 0.86%.

Net Worth
Gorton's Of Gloucester Employees U.S. Average
22.4% 13.61%

Gorton's Of Gloucester Employees FCU has a net worth of 22.4% versus the BestCashCow average of 13.61. 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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