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Overview / Commentary
205-583-4632
708 17th St N
Birmingham, AL 35203

Birmingham Police Credit Union is headquartered in Birmingham and is the 87th largest credit union in the state of Alabama. It is also the 4,845th largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 4 employees and 1,722 members. Birmingham Police Credit Union's savings rates are 4X the national average, and it has a C+ health rating.

Field of Membership Restrictions

All Birmingham Police Department Personnel to include: Sworn Officers, Civilian Personnel such as Administrative Assistants, Dispatchers/Communications, Corrections Officers, Family members of sponsor members to include spouses, children, grandchildren, parents, brothers and sisters. Other Departments: Leeds Police Department, Irondale Police Department, Mt. Brook Police Department, Homewood Police Department. Term of Membership: Once you are a member of Birmingham Police Credit Union, you are always a member; therefore we have a large number of retired personnel that continue to utilize our services. - See Details

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Birmingham Police Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 Birmingham Police Credit Union had $165,000 in non-current loans and owned real-estate with $1 million in equity and loan loss allowances on hand to cover it. This gives Birmingham Police Credit Union a Texas Ratio of 16.42% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Birmingham Police Credit Union experienced no significant changes from 13.04% as of December 31, 2012 to 16.42% as of December 31, 2013, resulting in a negative change of 25.92%. This indicates that the balance sheet and financial strength for Birmingham Police Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Birmingham Police Credit Union has increased its total deposits by $1.45 million, resulting in 28.02% 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 Birmingham Police 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. Birmingham Police Credit Union has $7.43 million in assets with $1 million in equity, resulting in a capitalization level of 13.53%, which is excellent.

Institution Statistics

Overall
NCUA #64603
Year Chartered1939
Employees4
Primary Regulator
Assets and Liabilities
Assets$7.43 million
Loans$4.99 million
Deposits$6.64 million
Equity Capital$928,000
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$0
Historic Data - December 2012
Assets$5.80 million
Equity Capital$748,000
Loan Loss Allowance$65,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.89%
Return on Assets2.44%
Return on Equity19.5%
Interest Income$482,000
Rates
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Birmingham Police Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.27%$1k-IRA Account
2.27%$1k-Roth IRA Account
2.27%$1k-Coverdell ESA Account
1.51%$25k-Vacation Club Account
1.51%$25k-Christmas Club Account
1.51%$25k-Additional Savings
1.51%$25k-Kids Club

Birmingham Police Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.38%$1k-60 Month Share Certificate
1.49%$1k-24 Month Share Certificate
1.25%$1k-12 Month Share Certificate
1.00%$1k-6 Month Share Certificate

Birmingham Police Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.38%$1k-5 Year IRA Share Certificate (Traditional,CESA,Roth)
1.49%$1k-24 Month IRA Share Certificate (Traditional,Roth,CESA)
1.25%$1k-12 Month IRA Share Certificate (Traditional,Roth,CESA)
1.00%$1k-6 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations


Birmingham Police Credit Union Locations
Branch Office708 17th St NBirmingham, AL 35203-2020