Gale Credit Union

A short history of Gale CU

Since its inception in 1947 the Gale Credit Union has been serving its members in the Galesburg, Illinois area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Randy McElwee, the Gale CU has grown its membership to over 4,579 with assets of more than $27,682,439. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (309) 343-1777 or email them at gcu@galecu.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Galesburg, IL.

General Information For Gale CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare Gale Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Galesburg Burlington CU	Galesburg Burlington Credit Union	476 E South St	61401	(309) 342-1775	No	0.28
Mercer CU	Mercer Credit Union	100 SE 3rd Ave	61231	(309) 582-2005	No	26.87

Gale Credit Union Financial Performance Charts

Financial Data

Gale Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	14.00	4.29	5.46	5.48	4.96
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	497	316	380	322	225
Rank Among All Illinois Credit Unions	67	85	87	48	46

Gale Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.25	0.25	N/A	0.35	0.40
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	95	95	N/A	293	243
Rank Among All Illinois Credit Unions	11	24	N/A	52	35

Gale Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	14.000	395	392,643
All Other Unsecured Loans/Lines of Credit	11.490	446	1,880,741
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	4.290	69	1,520,101
Used Vehicle Loans	5.460	591	6,721,156
Total 1st Mortgage Real Estate Loans/Lines of Credit	5.480	52	1,593,017
Total Other Real Estate Loans/Lines of Credit	4.960	10	43,850
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	6.420	43	359,815
TOTAL LOANS & LEASES		1,606	12,511,323

Gale Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	28	833,783	0	0
b. 15 Years or less	24	759,234	0	0
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	0	0	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	1	13,528	0	0
Closed-End Adjustable Rate	9	30,322	0	0
Open-End Adjustable Rate	0	0	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	62	1,636,867	0	0

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Gale Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	No
Pay Day Lending	No
Share Secured Credit Cards	No
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	No
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	Yes
Money Orders	No
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes