ASI Credit Union

ASI Credit Union is headquartered in Harahan and is the 5^th largest credit union in the state of Louisiana. It is also the 654^th largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 151 employees and 65,579 members. ASI Credit Union has a 4-star health rating.

ASI Credit Union Checking Account Rates

ASI Credit Union Savings Account Rates

ASI Credit Union Money Market Rates

ASI Credit Union CD Rates

ASI Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ASI NCUA # 14692 BankRate Report View Year Chartered 1961 Employees 151 Primary Regulator Assets and Liabilities Assets $287.82 million Loans $139.88 million Deposits $251.05 million Equity Capital $28.30 million Loan Loss Allowance $2.77 million Unbacked Noncurrent Loans $3.37 million Real Estate Owned $825,000 Historic Data - December 2010 Assets $292.75 million Equity Capital $27.47 million Loan Loss Allowance $2.82 million Unbacked Noncurrent Loans $5.21 million Real Estate Owned $1.12 million Profit Margin - Quarterly Net Interest Margin 6.82% Return on Assets 0.33% Return on Equity 3.38% Interest Income $12.27 million Non-Interest Income $9.05 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 ASI Credit Union had $4.2 million in non-current loans and owned real-estate with $31.07 million in equity and loan loss allowances on hand to cover it. This gives ASI Credit Union a Texas Ratio of 13.50% 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 ASI Credit Union decreased slightly from 20.89% as of December 31, 2010 to 13.50% as of December 31, 2011, resulting in a positive change of 35.37%.This indicates that the balance sheet and financial strength for ASI Credit Union has improved slightly in recent periods. Deposit Growth In the past year, ASI Credit Union has decreased its total deposits by -$8.35 million, resulting in -3.22% 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 ASI Credit Union has shown is below average. 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. ASI Credit Union has $287.82 million in assets with $31.07 million in equity, resulting in a capitalization level of 10.80%, which is above average.

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