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.
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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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$1.31 million|
|Loan Loss Allowance||$33,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$1.20 million|
|Loan Loss Allowance||$77,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.36%|
|Return on Assets||0.34%|
|Return on Equity||3.37%|
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|0.30%||$10k||$100k||Regular Share Account|
|0.15%||$25||-||Share Draft Account|
|0.75%||$5k||-||2 Year Share Certificate|
|0.50%||$5k||-||12 Month Share Certificate|
|0.40%||$500||-||6 Month Share Certificate|
|Airco Credit Union Locations|
|Branch Office||6265 San Fernando RD||Glendale, CA 91201|