Alive Credit Union is headquartered in JACKSONVILLE and is the 54th largest credit union in the state of Florida. It is also the 1,295th largest credit union in the nation. It was established in 1991 and as of September of 2013, it had grown to 43 employees and 16,751 members. Alive Credit Union's money market rates are 34% higher than the national average, and it boasts a A+ health rating.
We have extended our membership to anyone living or working in the greater Jacksonville area. Basically, if you live east of Hwy 301 or work in the Healthcare or Real Estate industries, you can become a member! - See Details
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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 September 30, 2013 Alive Credit Union had $272,000 in non-current loans and owned real-estate with $19 million in equity and loan loss allowances on hand to cover it. This gives Alive Credit Union a Texas Ratio of 1.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Alive Credit Union decreased dramatically from 2.25% as of September 30, 2012 to 1.43% as of September 30, 2013, resulting in a positive change of 36.37%.This indicates that the balance sheet and financial strength for Alive Credit Union has improved dramatically in recent periods.
In the past year, Alive Credit Union has increased its total deposits by $14.24 million, resulting in 16% 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 Alive 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. Alive Credit Union has $123.72 million in assets with $19 million in equity, resulting in a capitalization level of 15.36%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$18.75 million|
|Loan Loss Allowance||$249,000|
|Unbacked Noncurrent Loans||$272,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$18.90 million|
|Loan Loss Allowance||$260,000|
|Unbacked Noncurrent Loans||$272,000|
|Real Estate Owned||$54,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.25%|
|Return on Assets||0.04%|
|Return on Equity||0.27%|
|Interest Income||$2.53 million|
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|0.65%||$10k||-||Health Savings Account|
|0.50%||$1k||-||Roth IRA Savings Account|
|0.50%||$1k||-||IRA Savings Account|
|0.50%||$1k||-||Educational IRA Savings Account|
|0.10%||$100||-||Healthy Kids Club Account|
|0.10%||$100||-||Holiday Club Account|
|0.10%||$100||-||Vacation Club Account|
|0.59%||$200k||-||Money Market Account|
|0.05%||$2,500||-||Interest Checking Account|
|1.32%||$1k||-||5 Year CD|
|0.91%||$1k||-||3 Year CD|
|0.85%||$1k||-||18 Month CD|
|0.71%||$1k||-||2.5 Year CD|
|0.61%||$1k||-||2 Year CD|
|0.51%||$1k||-||1 Year CD|
|0.51%||$500||-||1 Year Healthy Kids Club CD|
|0.31%||$1k||-||6 Month CD|
|1.32%||$1k||-||60 Month IRA|
|1.32%||$1k||-||60 Month Roth IRA|
|1.32%||$1k||-||60 Month Educational IRA|
|0.91%||$1k||-||36 Month IRA|
|0.91%||$1k||-||36 Month Roth IRA|
|0.91%||$1k||-||36 Month Educational IRA|
|0.71%||$1k||-||30 Month IRA|
|0.71%||$1k||-||30 Month Roth IRA|
|0.71%||$1k||-||30 Month Educational IRA|
|0.61%||$1k||-||24 Month IRA|
|0.61%||$1k||-||24 Month Roth IRA|
|0.61%||$1k||-||24 Month Educational IRA|
|0.51%||$1k||-||12 Month IRA|
|0.51%||$1k||-||12 Month Roth IRA|
|0.51%||$1k||-||12 Month Educational IRA|
|0.31%||$1k||-||6 Month IRA|
|0.31%||$1k||-||6 Month Roth IRA|
|0.31%||$1k||-||6 Month Educational IRA|