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Overview / Commentary
530-868-5405
P.O. Box 475
Biggs, CA 95917

Butte Credit Union is headquartered in BIGGS and is the 226th largest credit union in the state of California. It is also the 2,659th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 14 employees and 8,377 members. Butte Credit Union has a B+ health rating.

Field of Membership Restrictions

You are eligible to join Butte Federal Credit Union if you live, work, worship, attend school or volunteer in one of the seven Northern California counties that we serve. These counties include: Butte, Colusa, Glenn, Plumas, Sutter, Tehama, and Yuba. Also, being a Grange member in one of the many Northern California counties that we serve outside of the ones listed above is another way you are eligible to join. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A+

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 Butte Credit Union had $58,000 in non-current loans and owned real-estate with $3.98 million in equity and loan loss allowances on hand to cover it. This gives Butte Credit Union a Texas Ratio of 1.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Butte Credit Union decreased dramatically from 5.30% as of March 31, 2013 to 1.43% as of March 31, 2014, resulting in a positive change of 73.02%.This indicates that the balance sheet and financial strength for Butte Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Butte Credit Union has increased its total deposits by $1.8 million, resulting in 5.6% 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 Butte Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Butte Credit Union has $38.09 million in assets with $2.98 million in equity, resulting in a capitalization level of 7.83%, which is below average.

Institution Statistics

Overall
NCUA #643
Year Chartered1935
Employees14
Primary Regulator
Assets and Liabilities
Assets$38.09 million
Loans$19.11 million
Deposits$34.03 million
Equity Capital$2.60 million
Secondary Capital$1,000,000
Loan Loss Allowance$378,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Historic Data - March 2013
Assets$36.22 million
Equity Capital$2.58 million
Loan Loss Allowance$454,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$94,000
Profit Margin - Quarterly
Net Interest Margin1.73%
Return on Assets0.01%
Return on Equity0.15%
Interest Income$356,000
Rates
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Butte Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Regular Share Account
0.15%--Youth Savings Account
0.15%--Holiday Account
0.15%$100-IRA Share Account

Butte Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-36-47 Month CD
1.05%$50k-48 Month CD
0.55%$50k-24-35 Month CD
0.30%$50k-12-17 Month CD
0.30%$50k-18-23 Month CD
0.20%$500-6-11 Month CD
0.15%$500-3-5 Month CD

Butte Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-36-47 Month IRA
1.05%$50k-48 Month IRA
0.55%$50k-24-35 Month IRA
0.30%$50k-12-17 Month IRA
0.30%$50k-18-23 Month IRA
Locations


Butte Credit Union Locations
Branch Office482 B STREETBIGGS, CA 95917
Branch Office2122 5TH AVEOROVILLE, CA 95965
Branch Office2201 PILLSBURY RD STE 192CHICO, CA 95926