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Overview / Commentary
877-263-2248
4361 Youree Dr
Shreveport, LA 71105

Aneca Credit Union is headquartered in SHREVEPORT and is the 23rd largest credit union in the state of Louisiana. It is also the 1,426th largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 32 employees and 6,334 members. Aneca Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Bossier, Caddo or DeSoto Parish. - See Details

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Health

Data for Q4 2013

Institution Health

B+

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 Aneca Credit Union had $1.87 million in non-current loans and owned real-estate with $19.12 million in equity and loan loss allowances on hand to cover it. This gives Aneca Credit Union a Texas Ratio of 9.78% 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 Aneca Credit Union experienced no significant changes from 7.71% as of December 31, 2012 to 9.78% as of December 31, 2013, resulting in a negative change of 26.91%. This indicates that the balance sheet and financial strength for Aneca Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Aneca Credit Union has decreased its total deposits by -$6.06 million, resulting in -6.45% 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 Aneca 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. Aneca Credit Union has $106.48 million in assets with $19.12 million in equity, resulting in a capitalization level of 17.95%, which is excellent.

Institution Statistics

Overall
NCUA #3212
Year Chartered1939
Employees32
Primary Regulator
Assets and Liabilities
Assets$106.48 million
Loans$59.70 million
Deposits$87.84 million
Equity Capital$18.22 million
Loan Loss Allowance$898,000
Unbacked Noncurrent Loans$1.35 million
Real Estate Owned$516,000
Historic Data - December 2012
Assets$113.35 million
Equity Capital$18.99 million
Loan Loss Allowance$702,000
Unbacked Noncurrent Loans$1.35 million
Real Estate Owned$118,000
Profit Margin - Quarterly
Net Interest Margin5.43%
Return on Assets-0.25%
Return on Equity-1.46%
Interest Income$4.24 million
Rates

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

Aneca Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--Holiday Club Account
0.35%--Variable IRA
0.35%--Variable Roth IRA
0.35%--Variable CESA
0.15%--Share Savings Account

Aneca Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Account

Aneca Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Share Draft

Aneca Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-5 Year Share Certificate
1.00%$1k-4 Year Share Certificate
0.90%$1k-3 Year Share Certificate
0.75%$1k-2 Year Share Certificate
0.55%$1k-1 Year Share Certificate
0.35%$1k-6 Month Share Certifcate

Aneca Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%--5 Year IRA (Traditional,Roth,CESA)
1.10%--4 Year IRA (Traditional,Roth,CESA)
1.00%--3 Year IRA (Traditional,Roth,CESA)
0.85%--2 Year IRA (Traditional,Roth,CESA)
0.65%--1 Year IRA (Traditional,Roth,CESA)
Locations


Aneca Credit Union Locations
Branch Office4361 Youree DrShreveport, LA 71105
Branch Office525 Milam StShreveport, LA 71101-3523
Branch Office2650 Benton RdBossier City, LA 71111