Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
419-476-2531
3907 N Detroit Ave
Toledo, OH 43612

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.

Field of Membership Restrictions

Must live, work, worship or attend school in Lucas County. - See Details

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



Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Ap Credit Union has a low asset base.

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 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.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Ap Credit Union experienced no significant changes 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 had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

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.

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. 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.

Institution Statistics

Overall
NCUA #11171
Year Chartered1956
Employees12
Primary Regulator
Assets and Liabilities
Assets$35.81 million
Loans$17.73 million
Deposits$31.13 million
Equity Capital$4.56 million
Loan Loss Allowance$132,000
Unbacked Noncurrent Loans$65,000
Real Estate Owned$283,000
Historic Data - December 2012
Assets$36.99 million
Equity Capital$4.70 million
Loan Loss Allowance$178,000
Unbacked Noncurrent Loans$65,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.66%
Return on Assets-0.11%
Return on Equity-0.86%
Interest Income$1.08 million
Rates

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

Ap Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Regular IRA
0.25%--Roth IRA
0.25%--Coverdell E.S.A.
0.25%--Health Savings Account
0.15%$100-Share Savings Account
0.15%$100-Special Savings Account
0.15%$100-Organizational Account
0.05%--Christmas Club Account
0.05%--Vacation Club Account
0.05%--VIP Account
0.05%--Escrow Account
0.05%--Insurance Account

Ap Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$200k-Money Market Management Account

Ap Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Draft Checking Account

Ap Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Ap Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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)
Locations


Ap Credit Union Locations
Branch Office405 N REYNOLDS RDTOLEDO, OH 43615-5221
Branch Office3907 N DETROIT AVETOLEDO, OH 43612-1309