Ap Credit Union is headquartered in TOLEDO and is the 119st largest credit union in the state of Ohio. It is also the 2,706th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 12 employees and 4,714 members. Ap Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.
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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 December 31, 2013 Ap Credit Union had $348,000 in non-current loans and owned real-estate with $4.69 million in equity and loan loss allowances on hand to cover it. This gives Ap Credit Union a Texas Ratio of 7.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Ap Credit Union held steady from 5.99% as of December 31, 2012 to 7.42% as of December 31, 2013, resulting in a negative change of 23.88%. This indicates that the balance sheet and financial strength for Ap Credit Union has held steady in recent periods.
In the past year, Ap Credit Union has decreased its total deposits by -$1.06 million, resulting in -3.29% 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 Ap Credit Union has shown is below average.
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. Ap Credit Union has $35.8 million in assets with $4.69 million in equity, resulting in a capitalization level of 13.11%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$4.56 million|
|Loan Loss Allowance||$132,000|
|Unbacked Noncurrent Loans||$65,000|
|Real Estate Owned||$283,000|
|Historic Data - December 2012|
|Equity Capital||$4.70 million|
|Loan Loss Allowance||$178,000|
|Unbacked Noncurrent Loans||$65,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.66%|
|Return on Assets||-0.11%|
|Return on Equity||-0.86%|
|Interest Income||$1.08 million|
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|0.25%||-||-||Health Savings Account|
|0.15%||$100||-||Share Savings Account|
|0.15%||$100||-||Special Savings Account|
|0.05%||-||-||Christmas Club Account|
|0.05%||-||-||Vacation Club Account|
|0.50%||$200k||-||Money Market Management Account|
|0.05%||$500||-||Draft Checking Account|
|0.95%||$500||-||60 Month Share Certificate|
|0.76%||$500||-||48 Month Share Certificate|
|0.55%||$500||-||36 Month Share Certificate|
|0.45%||$500||-||24 Month Share Certificate|
|0.35%||$500||-||18 Month Share Certificate|
|0.19%||$500||-||12 Month Share Certificate|
|0.15%||$500||-||6 Month Share Certificate|
|0.95%||$500||-||60 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.76%||$500||-||48 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.55%||$500||-||36 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.45%||$500||-||24 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.35%||$500||-||18 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.19%||$500||-||12 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.15%||$500||-||6 Month IRA Share Certificate (Traditional,Roth,CESA)|
|Ap Credit Union Locations|
|Branch Office||405 N REYNOLDS RD||TOLEDO, OH 43615-5221|
|Branch Office||3907 N DETROIT AVE||TOLEDO, OH 43612-1309|