Alpena-Alcona Area Credit Union

Alpena-Alcona Area Credit Union is headquartered in Alpena and is the 39^th largest credit union in the state of Michigan. It is also the 723^rd largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 64 employees and 26,705 members. Alpena-Alcona Area Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Alpena-Alcona Area Credit Union Savings Account Rates

Alpena-Alcona Area Credit Union Money Market Rates

Alpena-Alcona Area Credit Union CD Rates

Alpena-Alcona Area Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ALPENA-ALCONA AREA NCUA # 62035 BankRate Report View Year Chartered 1953 Employees 64 Primary Regulator Assets and Liabilities Assets $251.19 million Loans $107.69 million Deposits $228.11 million Equity Capital $21.34 million Loan Loss Allowance $790,000 Unbacked Noncurrent Loans $1.54 million Real Estate Owned $661,000 Historic Data - December 2010 Assets $243.61 million Equity Capital $20.36 million Loan Loss Allowance $737,000 Unbacked Noncurrent Loans $1.79 million Real Estate Owned $664,000 Profit Margin - Quarterly Net Interest Margin 5.79% Return on Assets 0.39% Return on Equity 4.65% Interest Income $7.79 million Non-Interest Income $2.11 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Alpena-Alcona Area Credit Union had $2.2 million in non-current loans and owned real-estate with $22.13 million in equity and loan loss allowances on hand to cover it. This gives Alpena-Alcona Area Credit Union a Texas Ratio of 9.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Alpena-Alcona Area Credit Union held steady from 11.63% as of December 31, 2010 to 9.96% as of December 31, 2011, resulting in a positive change of 14.38%.This indicates that the balance sheet and financial strength for Alpena-Alcona Area Credit Union has held steady in recent periods. Deposit Growth In the past year, Alpena-Alcona Area Credit Union has increased its total deposits by $6.41 million, resulting in 2.89% 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 Alpena-Alcona Area Credit Union has shown is above average. Capitalization 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. Alpena-Alcona Area Credit Union has $251.18 million in assets with $22.13 million in equity, resulting in a capitalization level of 8.81%, which is average.

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