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2702 N 3rd St Ste 4010
Phoenix, AZ 85004

Banner Credit Union is headquartered in Phoenix and is the 25th largest credit union in the state of Arizona. It is also the 2,160th largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 16 employees and 9,719 members. Banner Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of Banner Health Systems or several other employee groups associated with or affiliated with health care providers. - See Details

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Data for Q4 2013

Institution Health

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

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, 2013 Banner Credit Union had $44,000 in non-current loans and owned real-estate with $5.97 million in equity and loan loss allowances on hand to cover it. This gives Banner Credit Union a Texas Ratio of 0.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Banner Credit Union experienced no significant changes from 0.60% as of December 31, 2012 to 0.74% as of December 31, 2013, resulting in a negative change of 22.57%. This indicates that the balance sheet and financial strength for Banner Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Banner Credit Union has decreased its total deposits by -$3.18 million, resulting in -6.11% 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 Banner Credit Union has shown is below average.



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. Banner Credit Union has $55.34 million in assets with $5.97 million in equity, resulting in a capitalization level of 10.78%, which is above average.

Institution Statistics

NCUA #11680
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$55.34 million
Loans$21.33 million
Deposits$48.84 million
Equity Capital$5.76 million
Loan Loss Allowance$207,000
Unbacked Noncurrent Loans$44,000
Real Estate Owned$0
Historic Data - December 2012
Assets$58.30 million
Equity Capital$5.82 million
Loan Loss Allowance$329,000
Unbacked Noncurrent Loans$44,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.24%
Return on Assets0.2%
Return on Equity1.88%
Interest Income$1.46 million

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Banner Credit Union Savings Account Rates

0.25%$10k-IRA Savings Account
0.03%$75-Regular Share Savings Account
0.03%$75-Club Savings Account

Banner Credit Union Money Market Rates

0.12%$25k-Money Maximizer Account

Banner Credit Union Checking Account Rates

0.01%$500-Checking Account

Banner Credit Union CD Rates

0.30%$10k-3 Year Share Certificate
0.25%$10k-30 Month Share Certificate
0.20%$10k-2 Year Share Certificate
0.17%$10k-18 Month Share Certificate
0.10%$10k-1 Year Share Certificate
0.00%$500-6 Month Share Certificate

Banner Credit Union IRA Rates

0.30%$10k-3 Year IRA Share Certificate (Traditional,Roth,CESA)
0.25%$10k-30 Month IRA Share Certificate (Traditional,Roth,CESA)
0.20%$10k-2 Year IRA Share Certificate (Traditional,Roth,CESA)
0.17%$10k-18 Month IRA Share Certificate (Traditional,Roth,CESA)
0.10%$10k-1 Year IRA Share Certificate (Traditional,Roth,CESA)
0.00%$500-6 Month IRA Share Certificate (Traditional,Roth,CESA)

Banner Credit Union Locations
Branch Office2702 N 3rd St Ste 4010Phoenix, AZ 85004
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