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208-656-1000
1087 Erikson Dr
Rexburg, ID 83440

Beehive Credit Union is headquartered in Rexburg and is the 8th largest credit union in the state of Idaho. It is also the 979th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 51 employees and 21,590 members. Beehive Credit Union's savings rates are 6X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

To be eligible for membership, you must be a member or an employee of The Church of Jesus Christ of Latter-day Saints in the state of Idaho. Spouses of persons who died while within the field of membership and members of their immediate families or households also qualify for membership. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Beehive Credit Union had $714,000 in non-current loans and owned real-estate with $21.14 million in equity and loan loss allowances on hand to cover it. This gives Beehive Credit Union a Texas Ratio of 3.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Beehive Credit Union decreased dramatically from 8.92% as of March 31, 2013 to 3.38% as of March 31, 2014, resulting in a positive change of 62.13%.This indicates that the balance sheet and financial strength for Beehive Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Beehive Credit Union has increased its total deposits by $6.36 million, resulting in 3.99% 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 Beehive Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Beehive Credit Union has $187.79 million in assets with $21.14 million in equity, resulting in a capitalization level of 11.26%, which is excellent.

Institution Statistics

Overall
NCUA #13741
Year Chartered1960
Employees51
Primary Regulator
Assets and Liabilities
Assets$187.79 million
Loans$122.25 million
Deposits$165.79 million
Equity Capital$20.71 million
Loan Loss Allowance$430,000
Unbacked Noncurrent Loans$412,000
Real Estate Owned$302,000
Historic Data - March 2013
Assets$179.54 million
Equity Capital$19.15 million
Loan Loss Allowance$710,000
Unbacked Noncurrent Loans$412,000
Real Estate Owned$304,000
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets1.05%
Return on Equity9.5%
Interest Income$1.42 million
Rates
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Beehive Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%--Pocket Change Account
0.20%--Dedicated Savings
0.20%--Idaho Medical Savings
0.20%--IRA Savings
0.20%--Coverdell Education Savings Account (CESA)
0.15%--Regular Savings
0.05%--Unlimited Transaction Savings
0.05%--Escrow Savings

Beehive Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market Share

Beehive Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.58%$100k-60 Month Share Certificate
1.33%$100k-48 Month Share Certificate
0.98%$100k-36 Month Share Certificate
0.68%$100k-24 Month Share Certificate
0.63%$100k-24 Month Floater Share Certificate Special
0.58%$100k-18 Month Share Certificate
0.53%$100k-12 Month Share Certificate
0.38%$100k-6 Month Share Certificate
0.28%$100k-3 Month Share Certificate

Beehive Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.58%$100k-60 Month IRA Certificate
1.33%$100k-48 Month IRA Certificate
0.98%$100k-36 Month IRA Certificate
0.68%$100k-24 Month IRA Certificate
0.63%$100k-24 Month Floater IRA Certificate Special
0.58%$100k-18 Month IRA Certificate
0.53%$100k-12 Month IRA Certificate
0.38%$100k-6 Month IRA Certificate
0.28%$100k-3 Month IRA Certificate
Locations


Beehive Credit Union Locations
Branch Office1087 Erikson DrRexburg, ID 83440
Branch Office1650 E Sunnyside RdIdaho Falls, ID 83404
Branch Office1087 Erikson DrRexburg, ID 83440
Branch Office65 S Center StRexburg, ID 83440