Ascentra Credit Union is headquartered in Bettendorf and is the 9th largest credit union in the state of Iowa. It is also the 638th largest credit union in the nation. It was established in 1950 and as of December of 2013, it had grown to 118 employees and 33,520 members. Ascentra Credit Union's money market rates are 36% higher than the national average, and it boasts a A+ health rating.
Must live or work in Cedar, Clinton, Delaware, Des Moines, Dubuque, Jackson, Johnson, Jones, Linn, Louisa, Muscatine, Scott or Washington County in Iowa or Carroll, Henry, Jo Daviess, Knox, Mercer, Peoria, Rock Island and Whiteside County in Illinois. - See Details
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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 Ascentra Credit Union had $2.4 million in non-current loans and owned real-estate with $35.68 million in equity and loan loss allowances on hand to cover it. This gives Ascentra Credit Union a Texas Ratio of 6.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Ascentra Credit Union decreased slightly from 8.28% as of December 31, 2012 to 6.72% as of December 31, 2013, resulting in a positive change of 18.81%.This indicates that the balance sheet and financial strength for Ascentra Credit Union has improved slightly in recent periods.
In the past year, Ascentra Credit Union has increased its total deposits by $36.01 million, resulting in 16.09% 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 Ascentra Credit Union has shown is excellent.
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. Ascentra Credit Union has $328.17 million in assets with $35.68 million in equity, resulting in a capitalization level of 10.87%, which is above average.
|Assets and Liabilities|
|Equity Capital||$32.88 million|
|Loan Loss Allowance||$2.80 million|
|Unbacked Noncurrent Loans||$1.92 million|
|Real Estate Owned||$482,000|
|Historic Data - December 2012|
|Equity Capital||$27.34 million|
|Loan Loss Allowance||$2.52 million|
|Unbacked Noncurrent Loans||$1.92 million|
|Real Estate Owned||$829,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.66%|
|Return on Assets||1.55%|
|Return on Equity||15.51%|
|Interest Income||$13.01 million|
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|0.40%||$100||-||IRA Saver Account|
|0.40%||$100||-||Roth IRA Saver Account|
|0.15%||$100||-||Base Share Savings|
|0.15%||-||-||All Purpose Savings|
|0.10%||$1k||-||A Plus Checking|
|1.80%||$500||-||53 Month CD|
|1.20%||$500||-||60 Month CD|
|1.15%||$500||-||36 Month CD|
|1.00%||$500||-||48 Month CD|
|0.80%||$500||-||30 Month CD|
|0.75%||$500||-||24 Month CD|
|0.65%||$500||-||18 Month CD|
|0.50%||$500||-||12 Month CD|
|0.30%||$500||-||6 Month CD|
|0.15%||$500||-||91 Day CD|
|1.80%||$500||-||53 Month IRA (Traditional,Roth)|
|1.20%||$500||-||60 Month IRA (Traditional,Roth)|
|1.15%||$500||-||36 Month IRA (Traditional,Roth)|
|1.00%||$500||-||48 Month IRA (Traditional,Roth)|
|0.80%||$500||-||30 Month IRA (Traditional,Roth)|
|0.75%||$500||-||24 Month IRA (Traditional,Roth)|
|0.65%||$500||-||18 Month IRA (Traditional,Roth)|
|0.50%||$500||-||12 Month IRA (Traditional,Roth)|
|Ascentra Credit Union Locations|
|Branch Office||949 Mississippi View Ct||LeClaire, IA 52753|
|Branch Office||1702 N 2nd St||Clinton, IA 52732|
|Branch Office||2339 53rd Ave||Bettendorf, IA 52722|
|Branch Office||122 E 15th St||Davenport, IA 52803|
|Branch Office||1515 W 53rd St||Davenport, IA 52806-2444|
|Branch Office||3005 7th St||Moline, IL 61265-5925|
|Branch Office||1710 W 3rd St||Davenport, IA 52802-1810|
|Branch Office||2419 Park Ave||Muscatine, IA 52761-5636|
|Branch Office||1116 S 14th St||Clinton, IA 52732|
|Branch Office||1710 Grant St||Bettendorf, IA 52722|