British Airways Employees Credit Union

British Airways Employees Credit Union Locations

7520 Astoria Blvd
East Elmhurst, NY 11370
(347) 418-4180
www.bacreditunion.org

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British Airways Employees Credit Union is headquartered in Jamaica and is the 168^th largest credit union in the state of New York. It is also the 3,332^nd largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 6 employees and 2,741 members. British Airways Employees Credit Union has a 3-star health rating.

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See Rates for: Savings | CD | IRA

British Airways Employees Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$40k	-	Regular Share Account
0.50%	-	-	Club Account
0.50%	$40k	-	IRA Share Account
0.50%	$40k	-	Roth IRA Share Account
0.50%	$40k	-	CESA Share Account

British Airways Employees Credit Union CD Rates

Apy	Min	Max	Product
1.38%	$2k	-	4 Year Share Certificate
1.38%	$2k	-	5 Year Share Certificate
1.38%	$50k	-	4 Year Jumbo Share Certificate
1.38%	$50k	-	5 Year Jumbo Share Certificate
0.88%	$2k	-	2 Year Share Certificate
0.88%	$2k	-	3 Year Share Certificate
0.88%	$50k	-	2 Year Jumbo Share Certificate
0.88%	$50k	-	3 Year Jumbo Share Certificate
0.50%	$2k	-	12 Month Liquid Share Certificate
0.50%	$2k	-	12 Month Step Up Share Certificate
0.50%	$2k	-	18 Month Share Certificate
0.50%	$50k	-	18 Month Jumbo Share Certificate
0.38%	$2k	-	6 Month Share Certificate
0.25%	$2k	-	3 Month Share Certificate

British Airways Employees Credit Union IRA Rates

Apy	Min	Max	Product
1.38%	$50k	-	4 Year Jumbo IRA Share Certificate
1.38%	$2k	-	4 Year IRA Share Certificate
1.38%	$50k	-	5 Year Jumbo IRA Share Certificate
1.38%	$2k	-	5 Year IRA Share Certificate
1.38%	$2k	-	4 Year Roth IRA Share Certificate
1.38%	$50k	-	4 Year Jumbo Roth IRA Share Certificate
1.38%	$2k	-	5 Year Roth IRA Share Certificate
1.38%	$50k	-	5 Year Jumbo Roth IRA Share Certificate
1.38%	$2k	-	4 Year CESA Share Certificate
1.38%	$50k	-	4 Year Jumbo CESA Share Certificate
1.38%	$2k	-	5 Year CESA Share Certificate
1.38%	$50k	-	5 Year Jumbo CESA Share Certificate
0.88%	$50k	-	2 Year Jumbo IRA Share Certificate
0.88%	$2k	-	2 Year IRA Share Certificate
0.88%	$50k	-	3 Year Jumbo IRA Share Certificate
0.88%	$2k	-	3 Year IRA Share Certificate
0.88%	$2k	-	2 Year Roth IRA Share Certificate
0.88%	$50k	-	2 Year Jumbo Roth IRA Share Certificate
0.88%	$2k	-	3 Year Roth IRA Share Certificate
0.88%	$50k	-	3 Year Jumbo Roth IRA Share Certificate
0.88%	$2k	-	2 Year CESA Share Certificate
0.88%	$50k	-	2 Year Jumbo CESA Share Certificate
0.88%	$2k	-	3 Year CESA Share Certificate
0.88%	$50k	-	3 Year Jumbo CESA Share Certificate
0.50%	$2k	-	12 Month Liquid IRA Share Certificate
0.50%	$2k	-	12 Month Step Up IRA Share Certificate
0.50%	$50k	-	18 Month Jumbo IRA Share Certificate
0.50%	$2k	-	18 Month IRA Share Certificate
0.50%	$2k	-	12 Month Liquid Roth IRA Share Certificate
0.50%	$2k	-	12 Month Step Up Roth IRA Share Certificate
0.50%	$2k	-	18 Month Roth IRA Share Certificate
0.50%	$50k	-	18 Month Jumbo Roth IRA Share Certificate
0.50%	$2k	-	12 Month Liquid CESA Share Certificate
0.50%	$2k	-	12 Month Step Up CESA Share Certificate
0.50%	$2k	-	18 Month CESA Share Certificate
0.50%	$50k	-	18 Month Jumbo CESA Share Certificate
0.38%	$2k	-	6 Month IRA Share Certificate
0.38%	$2k	-	6 Month Roth IRA Share Certificate
0.38%	$2k	-	6 Month CESA Share Certificate
0.25%	$2k	-	3 Month IRA Share Certificate
0.25%	$2k	-	3 Month Roth IRA Share Certificate
0.25%	$2k	-	3 Month CESA Share Certificate

Rates updated: 5/23/2012

Data for Q4 2011

Institution Statistics

BRITISH AIRWAYS EMPLOYEES
NCUA #	8338
BankRate Report	View
Year Chartered	1953
Employees	6
Primary Regulator
Assets and Liabilities
Assets	$23.06 million
Loans	$10.31 million
Deposits	$20.48 million
Equity Capital	$2.49 million
Loan Loss Allowance	$128,000
Unbacked Noncurrent Loans	$398,000
Historic Data - December 2010
Assets	$23.12 million
Equity Capital	$2.51 million
Loan Loss Allowance	$118,000
Unbacked Noncurrent Loans	$408,000
Profit Margin - Quarterly
Net Interest Margin	6.02%
Return on Assets	-0.08%
Return on Equity	-0.76%
Interest Income	$1.01 million
Non-Interest Income	$130,000

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 British Airways Employees Credit Union had $398,000 in non-current loans and owned real-estate with $2.62 million in equity and loan loss allowances on hand to cover it. This gives British Airways Employees Credit Union a Texas Ratio of 15.18% 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 British Airways Employees Credit Union held steady from 15.51% as of December 31, 2010 to 15.18% as of December 31, 2011, resulting in a positive change of 2.12%.This indicates that the balance sheet and financial strength for British Airways Employees Credit Union has held steady in recent periods.
Deposit Growth
In the past year, British Airways Employees Credit Union has decreased its total deposits by $-18,000, resulting in -0.09% 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 British Airways Employees Credit Union has shown is 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. British Airways Employees Credit Union has $23.06 million in assets with $2.62 million in equity, resulting in a capitalization level of 11.37%, which is above average.

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