Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
866-317-4228
9790 Touchton Rd
Jacksonville, FL 32246

Alive Credit Union is headquartered in Jacksonville and is the 54th largest credit union in the state of Florida. It is also the 1,288th largest credit union in the nation. It was established in 1991 and as of March of 2014, it had grown to 43 employees and 16,488 members. Alive Credit Union's money market rates are 27% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

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

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

A

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 Alive Credit Union had $341,000 in non-current loans and owned real-estate with $19.1 million in equity and loan loss allowances on hand to cover it. This gives Alive Credit Union a Texas Ratio of 1.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Alive Credit Union experienced no significant changes from 1.32% as of March 31, 2013 to 1.78% as of March 31, 2014, resulting in a negative change of 35.39%. This indicates that the balance sheet and financial strength for Alive Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Alive Credit Union has decreased its total deposits by -$3.24 million, resulting in -2.94% 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 below average.

Capitalization

GRADE:
A+

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 $127.28 million in assets with $19.1 million in equity, resulting in a capitalization level of 15.01%, which is excellent.

Institution Statistics

Overall
NCUA #67316
Year Chartered1991
Employees43
Primary Regulator
Assets and Liabilities
Assets$127.28 million
Loans$65.14 million
Deposits$106.92 million
Equity Capital$18.88 million
Loan Loss Allowance$227,000
Unbacked Noncurrent Loans$341,000
Real Estate Owned$0
Historic Data - March 2013
Assets$131.10 million
Equity Capital$18.92 million
Loan Loss Allowance$271,000
Unbacked Noncurrent Loans$341,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.03%
Return on Equity-0.19%
Interest Income$811,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Alive Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Alive Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$10k-Health Savings Account
0.50%$1k-Roth IRA Savings Account
0.50%$1k-IRA Savings Account
0.50%--Educational IRA Savings Account
0.10%$100-Savings Account
0.10%$100-Healthy Kids Club Account
0.10%$100-Holiday Club Account
0.10%$100-Vacation Club Account

Alive Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.56%$200k-Money Market Account

Alive Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2,500-Interest Checking Account

Alive Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.32%$1k-5 Year CD
0.91%$1k-3 Year 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

Alive Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.32%$1k-60 Month IRA
0.91%$1k-36 Month IRA
0.71%$1k-30 Month IRA
0.61%$1k-24 Month IRA
0.51%$1k-12 Month IRA
0.31%$1k-6 Month IRA
Locations

Alive Credit Union has 12 locations. Click to view all Alive Credit Union locations.