Alba-Golden Credit Union is headquartered in Alba and is the 330th largest credit union in the state of Texas. It is also the 4,267th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 3 employees and 1,292 members. Alba-Golden Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.
To Become a Member you Must: Live, Work or Worship in Alba, Emory, Golden, Mineola or Quitman or be a relative to an existing member. - See Details
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 Alba-Golden Credit Union had $0 in non-current loans and owned real-estate with $1.54 million in equity and loan loss allowances on hand to cover it. This gives Alba-Golden 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, Alba-Golden Credit Union has increased its total deposits by $1.54 million, resulting in 17.46% 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 Alba-Golden 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. Alba-Golden Credit Union has $11.95 million in assets with $1.54 million in equity, resulting in a capitalization level of 12.87%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$1.43 million|
|Loan Loss Allowance||$111,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$1.23 million|
|Loan Loss Allowance||$138,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Return on Assets||2.01%|
|Return on Equity||16.82%|
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|1.00%||$5k||-||2 Year Share Certificate|
|0.80%||$5k||-||1 Year Share Certificate|
|Alba-Golden Credit Union Locations|
|Branch Office||140 Broadway St||Alba, TX 75410|