News & Announcements

Green Country Federal Credit Union announces expansion approval

TULSA, OKLA. – Green Country Federal Credit Union received approval last week from the National Credit Union Administration to expand their operating locations to Creek, Okmulgee, Osage, Pawnee, Rogers, Tulsa and Wagoner counties, in Oklahoma, in addition to Sand Springs, where the credit union has served members since its creation in 1970. “I want the people to know we are focused on supporting our communities,” said Brandon Grell, President/CEO of Green Country Federal Credit Union.

With the NCUA charter revision approval, Green Country Federal Credit Union (GCFCU) now serves persons who live, work, worship, or attend school in, and businesses and other legal entities located in the Tulsa, OK Metropolitan Statistical Area: consisting of Creek, Okmulgee, Osage, Pawnee, Rogers, Tulsa and Wagoner Counties, Oklahoma.

The charter expansion empowers the President/CEO and Directors of Green Country Federal Credit Union (GCFCU) to expand their credit union services to GCFCU members in those seven new counties. Membership growth has been explosive. After GCFCU’s founding in 1970, the original 197 members have ballooned in to its present membership of 9,273 members – a remarkable 5000% increase in membership in GCFCU’s first 46 years of operations.

“In order to remain a viable company and to give back to the communities we serve, we must be able to grow,” said Brandon Grell, President/CEO of GCFCU. “This is the third change in the charter since the inception of the credit union but by far it is the most expansive charter revision. We are going from serving the community of Sand Springs -- about 20,000 people -- to the Tulsa metropolitan area, with over 1 million people. We couldn’t be more excited about this change.” said Grell.

Green Country Federal Credit Union is based in Sand Springs, where it began in 1970 as Armco Credit Union, a credit union for employees, families, and retirees of Armco Steel Co., of Sand Springs.

“Our credit union is small enough to remain very personal with our members but yet large enough to offer a full range of services. We are a bit unique as we offer nearly every service you would find at a larger institution including services for commercial customers,” Grell said. “This is due to our diverse staff which is made up of individuals that have years of experience in the commercial banking industry and others that have been solely in the credit union industry. Green Country is a great combination of both worlds,” Grell said.

GCFCU is one of the most successful financial institutions in Oklahoma and is overall a financially sound credit union with return on assets (ROA) of 1.11 last year. GCFCU maintains member deposits of $50 million and the loan portfolio is $42 million. GCFCU’s assets are over $56 million. Impressive numbers for a community-based steel company credit union whose first years of business were conducted out of the president’s car, in the parking lot of Armco Steel, in Sand Springs.