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Overview / Commentary
818-244-6571
6265 San Fernando RD
Glendale, CA 91201

Airco Credit Union is headquartered in Glendale and is the 305th largest credit union in the state of California. It is also the 4,150th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 3 employees and 1,182 members. Airco Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Acco Engineered Systems or it's subsidiaries. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Airco Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Airco Credit Union had $0 in non-current loans and owned real-estate with $1.34 million in equity and loan loss allowances on hand to cover it. This gives Airco Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Airco Credit Union has increased its total deposits by $968,000, resulting in 9.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Airco Credit Union has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Airco Credit Union has $12.94 million in assets with $1.34 million in equity, resulting in a capitalization level of 10.34%, which is above average.

Institution Statistics

Overall
NCUA #11917
Year Chartered1957
Employees3
Primary Regulator
Assets and Liabilities
Assets$12.94 million
Loans$2.29 million
Deposits$11.59 million
Equity Capital$1.31 million
Loan Loss Allowance$33,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.83 million
Equity Capital$1.20 million
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets0.34%
Return on Equity3.37%
Interest Income$76,000
Rates
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Airco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$50-IRA Account
0.30%$10k$100kRegular Share Account
0.30%$50-Holiday Account

Airco Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25-Share Draft Account

Airco Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$5k-2 Year Share Certificate
0.50%$5k-12 Month Share Certificate
0.40%$500-6 Month Share Certificate
Locations


Airco Credit Union Locations
Branch Office6265 San Fernando RDGlendale, CA 91201