Ascentra Credit Union

Ascentra Credit Union is headquartered in Bettendorf and is the 10^st largest credit union in the state of Iowa. It is also the 713^st largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 113 employees and 30,814 members. Ascentra Credit Union has a 4-star health rating.

Ascentra Credit Union Checking Account Rates

Ascentra Credit Union Savings Account Rates

Ascentra Credit Union Money Market Rates

Ascentra Credit Union CD Rates

Ascentra Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ASCENTRA NCUA # 63268 BankRate Report View Year Chartered 1950 Employees 113 Primary Regulator Assets and Liabilities Assets $257.14 million Loans $188.92 million Deposits $206.89 million Equity Capital $23.69 million Loan Loss Allowance $2.47 million Unbacked Noncurrent Loans $1.91 million Real Estate Owned $1.11 million Historic Data - December 2010 Assets $236.17 million Equity Capital $21.30 million Loan Loss Allowance $2.22 million Unbacked Noncurrent Loans $2.05 million Real Estate Owned $237,000 Profit Margin - Quarterly Net Interest Margin 5.97% Return on Assets 0.86% Return on Equity 9.3% Interest Income $12.56 million Non-Interest Income $6.37 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Ascentra Credit Union had $3.01 million in non-current loans and owned real-estate with $26.17 million in equity and loan loss allowances on hand to cover it. This gives Ascentra Credit Union a Texas Ratio of 11.52% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Ascentra Credit Union held steady from 9.73% as of December 31, 2010 to 11.52% as of December 31, 2011, resulting in a negative change of 18.34%. This indicates that the balance sheet and financial strength for Ascentra Credit Union has held steady in recent periods. Deposit Growth In the past year, Ascentra Credit Union has increased its total deposits by $14.23 million, resulting in 7.39% 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 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 $257.14 million in assets with $26.17 million in equity, resulting in a capitalization level of 10.18%, which is above average.

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