Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
815-838-7159
201 E 9th St
Lockport, IL 60441

Canals & Trails Credit Union is headquartered in Lockport and is the 117st largest credit union in the state of Illinois. It is also the 3,551st largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 5 employees and 2,673 members. Canals & Trails Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live or work in selected areas in Bolingbrook, Crest Hill, Homer Glen, Lemont, Lockport, Mokena, New Lenox, Orland Park, Plainfield or Romeoville, Also open to employees of public schools in Lockport, Dupage, or Homer Township in Will County and other select groups. - See Details

Reviews (1)

Friendliest Staff

The staff at Canals and trails CU are the best. Very friendly and treat you like family. Well done C&TCU. Thanks for all you do.



Health

Data for Q4 2013

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. Canals & Trails Credit Union has a low asset base.

Texas Ratio

GRADE:
A

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, 2013 Canals & Trails Credit Union had $166,000 in non-current loans and owned real-estate with $1.83 million in equity and loan loss allowances on hand to cover it. This gives Canals & Trails Credit Union a Texas Ratio of 9.05% 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 Canals & Trails Credit Union decreased dramatically from 16.63% as of December 31, 2012 to 9.05% as of December 31, 2013, resulting in a positive change of 45.57%.This indicates that the balance sheet and financial strength for Canals & Trails Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Canals & Trails Credit Union has increased its total deposits by $160,000, resulting in 0.9% 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 Canals & Trails Credit Union has shown is above average.

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. Canals & Trails Credit Union has $19.54 million in assets with $1.83 million in equity, resulting in a capitalization level of 9.39%, which is average.

Institution Statistics

Overall
NCUA #68508
Year Chartered1959
Employees5
Primary Regulator
Assets and Liabilities
Assets$19.54 million
Loans$9.62 million
Deposits$17.93 million
Equity Capital$1.58 million
Loan Loss Allowance$253,000
Unbacked Noncurrent Loans$166,000
Real Estate Owned$0
Historic Data - December 2012
Assets$19.27 million
Equity Capital$1.47 million
Loan Loss Allowance$349,000
Unbacked Noncurrent Loans$166,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.2%
Return on Assets0.55%
Return on Equity6.83%
Interest Income$615,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Canals & Trails Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Canals & Trails Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$500-IRA Savings Account
0.05%$100-Regular Share Savings Account
0.05%$25-Christmas Club Account
0.05%$25-Vaction Club Account

Canals & Trails Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Money Market Account
Locations


Canals & Trails Credit Union Locations
Branch Office201 E 9th StLockport, IL 60441-3475