Bar-Cons Credit Union

Bar-Cons Credit Union is headquartered in Columbus and is the 74^th largest credit union in the state of Indiana. It is also the 2,988^th largest credit union in the nation. It was established in 1965 and as of December of 2011, it had grown to 12 employees and 4,805 members. Bar-Cons Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics BAR-CONS NCUA # 17040 BankRate Report View Year Chartered 1965 Employees 12 Primary Regulator Assets and Liabilities Assets $29.11 million Loans $15.74 million Deposits $26.13 million Equity Capital $2.93 million Loan Loss Allowance $98,000 Unbacked Noncurrent Loans $45,000 Historic Data - December 2010 Assets $27.72 million Equity Capital $2.72 million Loan Loss Allowance $159,000 Unbacked Noncurrent Loans $61,000 Profit Margin - Quarterly Net Interest Margin 5.53% Return on Assets 0.65% Return on Equity 6.45% Interest Income $1.10 million Non-Interest Income $409,000

Institution Health Overall Score: 5 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 Bar-Cons Credit Union had $45,000 in non-current loans and owned real-estate with $3.03 million in equity and loan loss allowances on hand to cover it. This gives Bar-Cons Credit Union a Texas Ratio of 1.49% 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 Bar-Cons Credit Union decreased slightly from 2.12% as of December 31, 2010 to 1.49% as of December 31, 2011, resulting in a positive change of 29.91%.This indicates that the balance sheet and financial strength for Bar-Cons Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Bar-Cons Credit Union has increased its total deposits by $1.18 million, resulting in 4.74% 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 Bar-Cons Credit Union has shown is above 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. Bar-Cons Credit Union has $29.11 million in assets with $3.03 million in equity, resulting in a capitalization level of 10.40%, which is above average.

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