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Overview / Commentary
800-426-5241
P.O. Box 1107
Bettendorf, IA 52722

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.

Field of Membership Restrictions

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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Health

Data for Q4 2013

Institution Health

A+

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 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.

Texas Ratio Trend

GRADE:
B+

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.

Deposit Growth

GRADE:
A+

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.

Capitalization

GRADE:
B+

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.

Institution Statistics

Overall
NCUA #63268
Year Chartered1950
Employees118
Primary Regulator
Assets and Liabilities
Assets$328.17 million
Loans$253.48 million
Deposits$259.83 million
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
Assets$276.36 million
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 Margin4.66%
Return on Assets1.55%
Return on Equity15.51%
Interest Income$13.01 million
Rates

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Ascentra Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100-IRA Saver Account
0.40%$100-Roth IRA Saver Account
0.15%$100-Base Share Savings
0.15%--All Purpose Savings
0.15%--Christmas Club
0.15%--Vacation Club
0.15%--Escrow Account

Ascentra Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-Investor's Choice
0.45%$100k-Money Market

Ascentra Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-A Plus Checking
0.10%$1k-Economy Checking

Ascentra Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month CD
1.00%$500-48 Month CD
0.90%$500-36 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

Ascentra Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month IRA (Traditional,Roth)
1.00%$500-48 Month IRA (Traditional,Roth)
0.90%$500-36 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)
Locations


Ascentra Credit Union Locations
Branch Office949 Mississippi View CtLeClaire, IA 52753
Branch Office1702 N 2nd StClinton, IA 52732
Branch Office2339 53rd AveBettendorf, IA 52722
Branch Office122 E 15th StDavenport, IA 52803
Branch Office1515 W 53rd StDavenport, IA 52806-2444
Branch Office3005 7th StMoline, IL 61265-5925
Branch Office1710 W 3rd StDavenport, IA 52802-1810
Branch Office2419 Park AveMuscatine, IA 52761-5636
Branch Office1116 S 14th StClinton, IA 52732
Branch Office1710 Grant StBettendorf, IA 52722