Bellco Credit Union is headquartered in Wyomissing and is the 53rd largest credit union in the state of Pennsylvania. It is also the 1,409th largest credit union in the nation. It was established in 1938 and as of September of 2013, it had grown to 31 employees and 13,487 members. Bellco Credit Union has a A health rating.
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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 September 30, 2013 Bellco Credit Union had $341,000 in non-current loans and owned real-estate with $11.07 million in equity and loan loss allowances on hand to cover it. This gives Bellco Credit Union a Texas Ratio of 3.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bellco Credit Union decreased slightly from 3.48% as of September 30, 2012 to 3.08% as of September 30, 2013, resulting in a positive change of 11.54%.This indicates that the balance sheet and financial strength for Bellco Credit Union has improved slightly in recent periods.
In the past year, Bellco Credit Union has increased its total deposits by $329,000, resulting in 0.34% 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 Bellco Credit Union has shown is above 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. Bellco Credit Union has $108.58 million in assets with $11.07 million in equity, resulting in a capitalization level of 10.19%, which is above average.
|Assets and Liabilities|
|Equity Capital||$10.75 million|
|Loan Loss Allowance||$322,000|
|Unbacked Noncurrent Loans||$341,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$12.71 million|
|Loan Loss Allowance||$183,000|
|Unbacked Noncurrent Loans||$341,000|
|Real Estate Owned||$35,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.37%|
|Return on Assets||-0.49%|
|Return on Equity||-4.95%|
|Interest Income||$2.79 million|
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|0.30%||-||-||Individual Retirement Accounts|
|0.30%||-||-||Roth Individual Retirement Accounts|
|0.25%||-||-||Vacation Club Account|
|0.25%||-||-||Christmas Club Account|
|0.05%||-||-||Regular Savings Account|
|0.25%||$50k||-||Money Market Accounts|
|2.38%||$100||-||60 Month Right Start Student CD|
|1.36%||$25k||-||60 Month CD|
|1.11%||$25k||-||48 Month CD|
|0.90%||$25k||-||36 Month CD|
|0.60%||$25k||-||24 Month CD|
|0.40%||$25k||-||12 Month CD|
|0.20%||$500||-||6 Month CD|
|1.36%||$25k||-||60 Month IRA|
|1.36%||$25k||-||60 Month Roth IRA|
|1.36%||$25k||-||60 Month CESA|
|1.11%||$25k||-||48 Month IRA|
|1.11%||$25k||-||48 Month Roth IRA|
|1.11%||$25k||-||48 Month CESA|
|0.90%||$25k||-||36 Month IRA|
|0.90%||$25k||-||36 Month Roth IRA|
|0.90%||$25k||-||36 Month CESA|
|0.60%||$25k||-||24 Month IRA|
|0.60%||$25k||-||24 Month Roth IRA|
|0.60%||$25k||-||24 Month CESA|
|0.40%||$25k||-||12 Month IRA|
|0.40%||$25k||-||12 Month Roth IRA|
|0.40%||$25k||-||12 Month CESA|
|0.20%||$500||-||6 Month IRA|
|0.20%||$500||-||6 Month Roth IRA|
|0.20%||$500||-||6 Month CESA|
|Bellco Credit Union Locations|
|Branch Office||2 Cloister Ct||Sinking Spring, PA 19608|
|Branch Office||1251 N Front St||Reading, PA 19601|
|Branch Office||609 Spring St||Wyomissing, PA 19610|