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Overview / Commentary
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 2,170th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 17 employees and 9,670 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 Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Banner Credit Union had $36,000 in non-current loans and owned real-estate with $6 million in equity and loan loss allowances on hand to cover it. This gives Banner Credit Union a Texas Ratio of 0.60% 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 decreased dramatically from 1.09% as of March 31, 2013 to 0.60% as of March 31, 2014, resulting in a positive change of 44.85%.This indicates that the balance sheet and financial strength for Banner Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Banner Credit Union has decreased its total deposits by -$2.09 million, resulting in -4% 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 $56.38 million in assets with $6 million in equity, resulting in a capitalization level of 10.64%, which is above average.

Institution Statistics

NCUA #11680
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$56.38 million
Loans$21.34 million
Deposits$50.03 million
Equity Capital$5.83 million
Loan Loss Allowance$171,000
Unbacked Noncurrent Loans$36,000
Real Estate Owned$0
Historic Data - March 2013
Assets$58.49 million
Equity Capital$5.93 million
Loan Loss Allowance$325,000
Unbacked Noncurrent Loans$36,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets0.06%
Return on Equity0.55%
Interest Income$327,000

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

Banner Credit Union Locations
Branch Office2702 N 3rd St Ste 4010Phoenix, AZ 85004
Branch Office2225 W Southern AveMesa, AZ 85202
Branch Office5757 W Thunderbird Rd Ste W107Glendale, AZ 85306
Branch Office1111 E McDowell RdPhoenix, AZ 85006
Branch Office9201 W Thomas RdPhoenix, AZ 85037
Branch Office5757 W Thunderbird Rd Ste W107Glendale, AZ 85306
Branch Office525 W Brown RdMesa, AZ 85201