Bloomfield Fire And Police Credit Union
Bloomfield Fire And Police Credit Union is headquartered in Bloomfield and is the 117st largest credit union in the state of New Jersey. It is also the 5,009th largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 2 employees and 1,295 members. Bloomfield Fire And Police Credit Union has a 3-star health rating.
Data for Q4 2011
Institution Statistics
| BLOOMFIELD FIRE AND POLICE | | NCUA # | 7069 | | BankRate Report | View | | Year Chartered | 1951 | | Employees | 2 | | Primary Regulator | |
Assets and Liabilities | | Assets | $7.64 million | | Loans | $3.59 million | | Deposits | $6.72 million | | Equity Capital | $893,000 | | Loan Loss Allowance | $183,000 | | Unbacked Noncurrent Loans | $348,000 |
Historic Data - December 2010 | | Assets | $8.15 million | | Equity Capital | $955,000 | | Loan Loss Allowance | $44,000 | | Unbacked Noncurrent Loans | $279,000 |
Profit Margin - Quarterly | | Net Interest Margin | 7.94% | | Return on Assets | -0.81% | | Return on Equity | -6.94% | | Interest Income | $384,000 | | Non-Interest Income | $4,000 |
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Institution Health
Overall Score:
3 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 Bloomfield Fire And Police Credit Union had $348,000 in non-current loans and owned real-estate with $1.08 million in equity and loan loss allowances on hand to cover it. This gives Bloomfield Fire And Police Credit Union a Texas Ratio of 32.34% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Bloomfield Fire And Police Credit Union held steady from 27.93% as of December 31, 2010 to 32.34% as of December 31, 2011, resulting in a negative change of 15.81%. This indicates that the balance sheet and financial strength for Bloomfield Fire And Police Credit Union has held steady in recent periods. | | Deposit Growth |  | | In the past year, Bloomfield Fire And Police Credit Union has decreased its total deposits by $-452,000, resulting in -6.3% 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 Bloomfield Fire And Police Credit Union has shown is poor. | | 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. Bloomfield Fire And Police Credit Union has $7.64 million in assets with $1.08 million in equity, resulting in a capitalization level of 14.09%, which is excellent. |
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