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Overview / Commentary
P.O. Box 6289
Elmendorf Afb, AK 99506

Alaska Dist Engineers Credit Union is headquartered in JBER and is the 11st largest credit union in the state of Alaska. It is also the 4,082nd largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 2 employees and 899 members. Alaska Dist Engineers Credit Union has a C+ health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Alaska Dist Engineers 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 Alaska Dist Engineers Credit Union had $0 in non-current loans and owned real-estate with $870,000 in equity and loan loss allowances on hand to cover it. This gives Alaska Dist Engineers 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:
B+

In the past year, Alaska Dist Engineers Credit Union has increased its total deposits by $207,000, resulting in 1.66% 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 Alaska Dist Engineers Credit Union has shown is above average.

Capitalization

GRADE:
C-

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. Alaska Dist Engineers Credit Union has $13.55 million in assets with $870,000 in equity, resulting in a capitalization level of 6.42%, which is below average.

Institution Statistics

Overall
NCUA #6237
Year Chartered1949
Employees2
Primary Regulator
Assets and Liabilities
Assets$13.55 million
Loans$5.38 million
Deposits$12.70 million
Equity Capital$829,000
Loan Loss Allowance$41,000
Real Estate Owned$0
Historic Data - March 2013
Assets$13.36 million
Equity Capital$846,000
Loan Loss Allowance$21,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets-0.89%
Return on Equity-14.48%
Interest Income$82,000
Rates
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Alaska Dist Engineers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.25%$1k-1 Year Share Certificate
Locations


Alaska Dist Engineers Credit Union Locations
Branch Office2204 3RD ST STE 10JBER, AK 99506-1518