Canyon State Credit Union

Canyon State Credit Union is headquartered in Phoenix and is the 20^th largest credit union in the state of Arizona. It is also the 1,212^st largest credit union in the nation. It was established in 1951 and as of December of 2012, it had grown to 52 employees and 17,286 members. Canyon State Credit Union has a 5-star health rating.

Canyon State Credit Union Routing Number: 322172849

Related Posts

Canyon State Credit Union Checking Account Rates

Canyon State Credit Union Savings Account Rates

Canyon State Credit Union Money Market Rates

Canyon State Credit Union CD Rates

Canyon State Credit Union IRA Rates

Data for Q4 2012

Institution Statistics CANYON STATE NCUA # 68502 BankRate Report View Year Chartered 1951 Employees 52 Primary Regulator Assets and Liabilities Assets $131.43 million Loans $68.03 million Deposits $114.34 million Equity Capital $15.44 million Loan Loss Allowance $1.32 million Unbacked Noncurrent Loans $434,000 Historic Data - December 2011 Assets $128.93 million Equity Capital $12.65 million Loan Loss Allowance $3.77 million Unbacked Noncurrent Loans $1.31 million Real Estate Owned $58,000 Profit Margin - Quarterly Net Interest Margin 5.63% Return on Assets 0.76% Return on Equity 6.51% Interest Income $4.32 million Non-Interest Income $3.29 million

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, 2012 Canyon State Credit Union had $434,000 in non-current loans and owned real-estate with $16.76 million in equity and loan loss allowances on hand to cover it. This gives Canyon State Credit Union a Texas Ratio of 2.59% 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 Canyon State Credit Union decreased significantly from 8.31% as of December 31, 2011 to 2.59% as of December 31, 2012, resulting in a positive change of 68.83%.This indicates that the balance sheet and financial strength for Canyon State Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Canyon State Credit Union has increased its total deposits by $34,000, resulting in 0.03% 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 Canyon State 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. Canyon State Credit Union has $131.43 million in assets with $16.76 million in equity, resulting in a capitalization level of 12.75%, which is excellent.