Gorman-rupp & Associates Credit Union

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Review based on 12 criteria Rating: 2 out of 5

PO Box 1226, Mansfield, OH 44901

Website

(419) 525-3800

Data Source: NCUA, December 31, 2016


Gorman-rupp & Associates Credit Union was founded in 0. Headquartered in Mansfield, Ohio, Gorman-rupp & Associates Credit Union is a state chartered and not federally insured credit union, being chartered in Ohio but not insured through the National Credit Union Share Insurance Fund (NCUSIF). Gorman-rupp & Associates Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Gorman-rupp & Associates Credit Union services 1,965 members through its 4 full-time and 2 part-time employees. It has $8,471,141 of total assets and $958,046 of net worth. Based on its asset size and net worth ratio, Gorman-rupp & Associates Credit Union is classified as a Well Capitalized small credit union.

Gorman-rupp & Associates Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Gorman-rupp & Associates Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Gorman-rupp & Associates Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Ohio and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Ohio
Median of USA
Checking
0.5000
0.0000
0.0000
Savings
0.2500
0.1000
0.1200
Money Market
0.0000
0.2000
0.2500
Certificate Deplit
1.7500
0.5500
0.5800
IRA
0.0000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Ohio
National Median Rates
Credit Cards
n/a
10.0000
9.9900
Unsecured Line of Credits
14.9900
11.0000
10.9500
Short-term Small Amount
n/a
23.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
4.0000
3.2500
3.3300
Used Car Loans
12.0000
4.7000
4.5000
1st Mortgage Real Estates
5.2000
4.2500
4.2500
Other Real Estates
n/a
4.7100
4.7000

Gorman-rupp & Associates Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Gorman-rupp & Associates Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
No
Share Draft Orders
No
No
New Share Account
No
Bill Payment
No
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
Yes

As a community financial institution, Gorman-rupp & Associates Credit Union actively involves in local communities by prliding services such as financial counseling .

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Gorman Rupp & Assocates Credit Union
Main Office

1766 Harrington Memorial Rd
Mansfield, OH 44903
Phone:419-525-3800

(419) 525-3817

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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