Gillespie Savings Association

Gillespie Savings Association

11 7th Street, Gillespie

Industry: Finance

Entity type: For-profit

Product: Commercial and personal banking services

Specialties: Small-scale lending and savings

Revenue: 150,000,000μ/AU

Total assets: 42,100,000μ

Gillespie Savings Association is banking institution based in the city of Gillespie. The GSA caters to small-scale commercial clients and personal clients of modest means. The Gillespie Savings Association is popular throughout the northern Randall Bay Megalopolitan Complex, particularly along the inland stretches of the Adamopolitan River, thanks to its focus on clients with relatively small savings who wish to maintain whatever savings they can as liquid assets.

The Gillespie Savings Association subsidizes financial literacy education at local primary schools as well as at the local university, the University of Deep Thought.

The GSA manages finances using the Monetary Unit and is a fully-integrated member of the Monetary Network. The Gillespie Savings Association is regulated by the Department of Monetary Policy (DMP). With revenues totaling 150,000,000μ/AU, the Gillespie Savings Association retains total assets of 42,100,000μ. The GSA maintains an asset level that is higher in proportion to its revenues compared to the average dominant local bank because it caters to clients that are more interested in savings and maintaining more liquid assets than the average personal or commercial client of significant means who might be more interested in safeguarding their assets against the negative interest rate.