Institution Statistics
| CANAAN | | NCUA # | 68472 | | BankRate Report | View | | Year Chartered | 2001 | | Employees | 2 | | Primary Regulator | |
Assets and Liabilities | | Assets | $134,000 | | Loans | $55,000 | | Deposits | $108,000 | | Equity Capital | $26,000 | | Loan Loss Allowance | $13,000 | | Unbacked Noncurrent Loans | $4,000 |
Historic Data - December 2010 | | Assets | $126,000 | | Equity Capital | $23,000 | | Loan Loss Allowance | $13,000 |
Profit Margin - Quarterly | | Net Interest Margin | 15.44% | | Return on Assets | 1.49% | | Return on Equity | 7.69% | | Interest Income | $9,000 | | Non-Interest Income | $8,000 |
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Institution Health
Overall Score:
5 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 Canaan Credit Union had $4,000 in non-current loans and owned real-estate with $39,000 in equity and loan loss allowances on hand to cover it. This gives Canaan Credit Union a Texas Ratio of 10.26% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Canaan Credit Union has increased its total deposits by $5,000, resulting in 4.85% 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 Canaan Credit Union has shown is above 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. Canaan Credit Union has $134,000 in assets with $39,000 in equity, resulting in a capitalization level of 29.10%, which is excellent. |
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