2025 Annual Report

2025 was another exciting year as Granite State Credit Union celebrated 80 years of serving New Hampshire residents and businesses. The credit union continues our mission to offer products and services that support our members throughout their financial journeys. We are proud to continue this mission after 80 years of remaining true to our core values of passion, integrity, respect, innovation, and commitment. These principles continue to guide GSCU through all business decisions.

The credit union continued Term-Share Certificate specials throughout 2025, giving members the opportunity to secure higher savings rates with the safety of federal insurance and guaranteed returns. GSCU also continued to help members with their daily financial needs through convenient Checking Account options. These efforts not only helped members maximize their savings but also enabled the credit union to grow deposits by $30 million.

GSCU continued to support members with their lending needs through mortgage, home equity, vehicle, and unsecured loans and increased loan balances by over $30 million in total in 2025. Members especially utilized equity loans to offset a lack of available housing inventory and overall rising costs. Outstanding home equity balances grew by over $21 million.

GSCU added over $5 million to reserves in 2025, resulting in a capital ratio of 9.38% with regulatory standards continuing to rank the credit union as “well capitalized”. GSCU ended the year with over $744 million in assets, up more than $37 million from 2024.

The credit union upgraded its Derry Drive-Up with a new, two-lane Interactive Teller Machine (ITM) Drive-Up. This Drive-Up provides 24/7 ATM access as well as the option to speak with GSCU employees operating as Live Tellers via video during business hours. Our ITMs are staffed by NH-based GSCU employees ready and able to serve member needs! The credit union now operates 25 ITMs throughout the state. If you haven’t tried an ITM yet we invite you to stop by one of our offices to try it out or have one of our branch staff demonstrate this new technology! 

In 2025, we also celebrated the retirement of our previous President & CEO, Denise Barstow. We thank Denise for her 42 years of service at the credit union. I'm honored to take on the role of President & CEO after 39 years with GSCU and bring continued success to the credit union and its members.

For 2026, the credit union remains focused on delivering the awesome service our members have grown to expect. We encourage members to share the credit union difference with their friends and family by recommending they join GSCU. We value every member and look forward to continuing to serve new and existing members this year.

Thank you for your continued support and membership.