Canton Police & Firemen's Credit Union
Canton Police & Firemen's Credit Union is headquartered in Canton and is the 252nd largest credit union in the state of Ohio. It is also the 5,103rd largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 4 employees and 1,273 members. Canton Police & Firemen's Credit Union has a 5-star health rating.
Data for Q4 2011
Institution Statistics
| CANTON POLICE & FIREMEN'S | | NCUA # | 96675 | | BankRate Report | View | | Year Chartered | 1940 | | Employees | 4 | | Primary Regulator | |
Assets and Liabilities | | Assets | $7.12 million | | Loans | $4.83 million | | Deposits | $6.46 million | | Equity Capital | $629,000 | | Loan Loss Allowance | $18,000 | | Unbacked Noncurrent Loans | $3,000 |
Historic Data - December 2010 | | Assets | $6.39 million | | Equity Capital | $637,000 | | Loan Loss Allowance | $5,000 | | Unbacked Noncurrent Loans | $19,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.43% | | Return on Assets | 0.07% | | Return on Equity | 0.79% | | Interest Income | $304,000 | | Non-Interest Income | $138,000 |
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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 Canton Police & Firemen's Credit Union had $3,000 in non-current loans and owned real-estate with $647,000 in equity and loan loss allowances on hand to cover it. This gives Canton Police & Firemen's Credit Union a Texas Ratio of 0.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Canton Police & Firemen's Credit Union decreased significantly from 2.96% as of December 31, 2010 to 0.46% as of December 31, 2011, resulting in a positive change of 84.33%.This indicates that the balance sheet and financial strength for Canton Police & Firemen's Credit Union has improved significantly in recent periods. | | Deposit Growth | | | In the past year, Canton Police & Firemen's Credit Union has increased its total deposits by $718,000, resulting in 12.5% 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 Canton Police & Firemen's Credit Union has shown is excellent. | | 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. Canton Police & Firemen's Credit Union has $7.12 million in assets with $647,000 in equity, resulting in a capitalization level of 9.09%, which is average. |
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