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Alaska Dist Engineers Credit Union

Alaska Dist Engineers Credit Union
Overview / Commentary
P.O. Box 6289
Elmendorf Afb, AK 99506

Alaska Dist Engineers Credit Union is headquartered in Elmendorf AFB and is the 11st largest credit union in the state of Alaska. It is also the 4,025th largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 2 employees and 912 members. Alaska Dist Engineers Credit Union has a B health rating.

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Health

Data for Q4 2013

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. Alaska Dist Engineers Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Alaska Dist Engineers Credit Union had $34,000 in non-current loans and owned real-estate with $883,000 in equity and loan loss allowances on hand to cover it. This gives Alaska Dist Engineers Credit Union a Texas Ratio of 3.85% 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, Alaska Dist Engineers Credit Union has increased its total deposits by $1.05 million, resulting in 8.79% 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 excellent.

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 $13.84 million in assets with $883,000 in equity, resulting in a capitalization level of 6.38%, which is below average.

Institution Statistics

Overall
NCUA #6237
Year Chartered1949
Employees2
Primary Regulator
Assets and Liabilities
Assets$13.84 million
Loans$5.42 million
Deposits$12.96 million
Equity Capital$859,000
Loan Loss Allowance$24,000
Unbacked Noncurrent Loans$34,000
Real Estate Owned$0
Historic Data - December 2012
Assets$12.77 million
Equity Capital$843,000
Loan Loss Allowance$15,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.82%
Return on Assets0.02%
Return on Equity0.35%
Interest Income$344,000
Rates

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Locations


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