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Overview / Commentary
610-373-5192
P.O. Box 6455
Wyomissing, PA 19610

Bellco Credit Union is headquartered in Wyomissing and is the 53rd largest credit union in the state of Pennsylvania. It is also the 1,418st largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 29 employees and 13,415 members. Bellco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Berks County. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Bellco Credit Union had $371,000 in non-current loans and owned real-estate with $10.49 million in equity and loan loss allowances on hand to cover it. This gives Bellco Credit Union a Texas Ratio of 3.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Bellco Credit Union experienced no significant changes from 2.35% as of December 31, 2012 to 3.54% as of December 31, 2013, resulting in a negative change of 50.73%. This indicates that the balance sheet and financial strength for Bellco Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Bellco Credit Union has decreased its total deposits by -$1.26 million, resulting in -1.29% 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 average.

Capitalization

GRADE:
B

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 $107.54 million in assets with $10.49 million in equity, resulting in a capitalization level of 9.75%, which is above average.

Institution Statistics

Overall
NCUA #2531
Year Chartered1938
Employees29
Primary Regulator
Assets and Liabilities
Assets$107.54 million
Loans$53.30 million
Deposits$96.77 million
Equity Capital$10.19 million
Loan Loss Allowance$302,000
Unbacked Noncurrent Loans$345,000
Real Estate Owned$26,000
Historic Data - December 2012
Assets$111.08 million
Equity Capital$12.28 million
Loan Loss Allowance$294,000
Unbacked Noncurrent Loans$345,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.52%
Return on Assets-0.52%
Return on Equity-5.54%
Interest Income$3.70 million
Rates
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Bellco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--Individual Retirement Accounts
0.30%--Roth Individual Retirement Accounts
0.30%--CESA Accounts
0.25%--Vacation Club Account
0.25%--Christmas Club Account
0.05%--Regular Savings Account

Bellco Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Accounts

Bellco Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.38%$100-60 Month Right Start Student CD
1.36%$25k-60 Month CD
1.11%$25k-48 Month CD
0.70%$25k-36 Month CD
0.60%$25k-24 Month CD
0.40%$25k-12 Month CD
0.20%$500-6 Month CD

Bellco Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.36%$25k-60 Month IRA (Traditional,Roth,CESA)
1.11%$25k-48 Month IRA (Traditional,Roth,CESA)
0.70%$25k-36 Month IRA (Traditional,Roth,CESA)
0.60%$25k-24 Month IRA (Traditional,Roth,CESA)
0.40%$25k-12 Month IRA (Traditional,Roth,CESA)
0.20%$500-6 Month IRA (Traditional,Roth,CESA)
Locations


Bellco Credit Union Locations
Branch Office2 Cloister CtSinking Spring, PA 19608
Branch Office1251 N Front StReading, PA 19601
Branch Office609 Spring StWyomissing, PA 19610