Boulder Dam Credit Union

Boulder Dam Credit Union is headquartered in BOULDER CITY and is the 4^th largest credit union in the state of Nevada. It is also the 426^th largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 41 employees and 21,404 members. Boulder Dam Credit Union's savings rates are 44% higher than the national average, and it has a 3-star health rating.

Boulder Dam Credit Union Routing Number: 322484029

Boulder Dam Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics BOULDER DAM NCUA # 96084 BankRate Report View Year Chartered 1940 Employees 41 Primary Regulator Assets and Liabilities Assets $459.15 million Loans $192.89 million Deposits $418.83 million Equity Capital $39.04 million Loan Loss Allowance $6.76 million Unbacked Noncurrent Loans $6.63 million Real Estate Owned $5.37 million Historic Data - December 2010 Assets $478.91 million Equity Capital $42.08 million Loan Loss Allowance $5.58 million Unbacked Noncurrent Loans $9.98 million Real Estate Owned $7.00 million Profit Margin - Quarterly Net Interest Margin 10.52% Return on Assets -0.66% Return on Equity -7.78% Interest Income $13.64 million Non-Interest Income ($511,000)

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 Boulder Dam Credit Union had $12 million in non-current loans and owned real-estate with $45.8 million in equity and loan loss allowances on hand to cover it. This gives Boulder Dam Credit Union a Texas Ratio of 26.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Boulder Dam Credit Union decreased slightly from 35.65% as of December 31, 2010 to 26.20% as of December 31, 2011, resulting in a positive change of 26.49%.This indicates that the balance sheet and financial strength for Boulder Dam Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Boulder Dam Credit Union has decreased its total deposits by -$17.32 million, resulting in -3.97% 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 Boulder Dam Credit Union has shown is below average. 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. Boulder Dam Credit Union has $459.15 million in assets with $45.8 million in equity, resulting in a capitalization level of 9.97%, which is average.

No reviews have been left for this bank yet. Be the first to review.