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Not Federally Insured
P.O. Box 190990
Boise, ID 83719

Boise Fire Department Credit Union is headquartered in Boise and is the 34th largest credit union in the state of Idaho. It is also the 4,671st largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 2 employees and 993 members. Boise Fire Department Credit Union has a C+ health rating.

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Health

Data for Q1 2014

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. Boise Fire Department Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 Boise Fire Department Credit Union had $168,000 in non-current loans and owned real-estate with $1.1 million in equity and loan loss allowances on hand to cover it. This gives Boise Fire Department Credit Union a Texas Ratio of 15.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Boise Fire Department Credit Union decreased dramatically from 23.55% as of March 31, 2013 to 15.33% as of March 31, 2014, resulting in a positive change of 34.90%.This indicates that the balance sheet and financial strength for Boise Fire Department Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Boise Fire Department Credit Union has decreased its total deposits by $-1,000, resulting in -0.01% 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 Boise Fire Department Credit Union has shown is average.

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. Boise Fire Department Credit Union has $8.65 million in assets with $1.1 million in equity, resulting in a capitalization level of 12.66%, which is excellent.

Institution Statistics

Overall
NCUA #82504
Year Chartered1940
Employees2
Primary Regulator
Assets and Liabilities
Assets$8.65 million
Loans$6.54 million
Deposits$7.67 million
Equity Capital$952,000
Loan Loss Allowance$144,000
Unbacked Noncurrent Loans$168,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.54 million
Equity Capital$819,000
Loan Loss Allowance$145,000
Unbacked Noncurrent Loans$168,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.3%
Return on Assets0.74%
Return on Equity6.72%
Interest Income$107,000
Rates

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Locations


Boise Fire Department Credit Union Locations
Branch Office8120 S Gantz AveBoise, ID 83709-7303