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Overview / Commentary
803-736-3110
6923 N Trenholm Rd
Columbia, SC 29206

Allsouth Credit Union is headquartered in COLUMBIA and is the 5th largest credit union in the state of South Carolina. It is also the 324th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 267 employees and 104,146 members. Allsouth Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, worships or attends school in Richland, Lexington, Newberry, Saluda, Fairfield, Sumter, Kershaw or Calhoun Counties is eligible to join AllSouth. Immediate family members of current members, and immediate family members of individuals within the field of membership are also eligible to join. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Allsouth Credit Union had $1.16 million in non-current loans and owned real-estate with $92.59 million in equity and loan loss allowances on hand to cover it. This gives Allsouth Credit Union a Texas Ratio of 1.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Allsouth Credit Union decreased slightly from 1.64% as of December 31, 2012 to 1.25% as of December 31, 2013, resulting in a positive change of 23.36%.This indicates that the balance sheet and financial strength for Allsouth Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Allsouth Credit Union has decreased its total deposits by $-644,000, resulting in -0.11% 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 Allsouth Credit Union has shown is 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. Allsouth Credit Union has $669.86 million in assets with $92.59 million in equity, resulting in a capitalization level of 13.82%, which is excellent.

Institution Statistics

Overall
NCUA #13828
Year Chartered1960
Employees267
Primary Regulator
Assets and Liabilities
Assets$669.86 million
Loans$329.75 million
Deposits$575.82 million
Equity Capital$89.80 million
Loan Loss Allowance$2.79 million
Unbacked Noncurrent Loans$1.16 million
Real Estate Owned$0
Historic Data - December 2012
Assets$666.27 million
Equity Capital$86.15 million
Loan Loss Allowance$2.84 million
Unbacked Noncurrent Loans$1.16 million
Real Estate Owned$383,000
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets1.01%
Return on Equity7.54%
Interest Income$14.85 million
Rates

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

Allsouth Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Membership Savings
0.15%$100-Kids Club
0.15%$25-IRA Savings
0.15%$25-Roth IRA Savings
0.15%$25-CESA Savings Account
0.10%--Christmas Club
0.10%--Cookie Jar club

Allsouth Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Allsouth Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Interest Checking

Allsouth Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$100k-60 Month CD
0.70%$100k-36 Month CD
0.55%$100k-24 Month CD
0.40%$100k-12 Month CD
0.30%$100k-6 Month CD
0.25%$100k-3 Month CD
0.25%$100-12 Month Add-On CD
Locations

Allsouth Credit Union has 22 locations. Click to view all Allsouth Credit Union locations.