To our valued members: Gunnison Savings & Loan Association is proud to Submit our financial statement for September 30, 2016.
Your home owned mutual association celebrated 105 years of continuous service this last year. We continue to exceed all regulatory capital requirements, with a core capital-to-asset ratio of 10.50% and a risk-based capital ratio of 27.50%.
With your help the Association received Bauer Financial's 5-Star Superior Rating for the 101st consecutive quarter through the fiscal year ended September 30, 2016 putting us in the top 10% nationwide. Total assets are now $107,264,000.
Thanks to you, we have not only surpassed the $100 million benchmark in total assets and have reached $11 million in net worth. Our financial statement continues to reflect our strength and stability in these challenging times.
We are here to serve you and your financial needs, whether you are seeking safe and secure investments or affordable financing for your home or business.
Please feel free to visit us in either Gunnison or Crested Butte or contact any member or your staff whenever you need assistance.
My personal thank you for your continued confidence and support.
Stephen R. Williams,