Cecil County School Employees Credit Union

Cecil County School Employees Credit Union is headquartered in Elkton and is the 60^th largest credit union in the state of Maryland. It is also the 3,416^st largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 7 employees and 3,593 members. Cecil County School Employees Credit Union has a 4-star health rating.

Cecil County School Employees Credit Union Checking Account Rates

Cecil County School Employees Credit Union Savings Account Rates

Cecil County School Employees Credit Union Money Market Rates

Cecil County School Employees Credit Union CD Rates

Data for Q4 2011

Institution Statistics CECIL COUNTY SCHOOL EMPLOYEES NCUA # 8549 BankRate Report View Year Chartered 1953 Employees 7 Primary Regulator Assets and Liabilities Assets $21.96 million Loans $9.88 million Deposits $19.86 million Equity Capital $2.01 million Loan Loss Allowance $106,000 Unbacked Noncurrent Loans $255,000 Historic Data - December 2010 Assets $20.96 million Equity Capital $1.99 million Loan Loss Allowance $106,000 Unbacked Noncurrent Loans $218,000 Profit Margin - Quarterly Net Interest Margin 6.83% Return on Assets 0.09% Return on Equity 0.99% Interest Income $1.01 million Non-Interest Income $295,000

Institution Health Overall Score: 4 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 Cecil County School Employees Credit Union had $255,000 in non-current loans and owned real-estate with $2.12 million in equity and loan loss allowances on hand to cover it. This gives Cecil County School Employees Credit Union a Texas Ratio of 12.05% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Cecil County School Employees Credit Union held steady from 10.40% as of December 31, 2010 to 12.05% as of December 31, 2011, resulting in a negative change of 15.87%. This indicates that the balance sheet and financial strength for Cecil County School Employees Credit Union has held steady in recent periods. Deposit Growth In the past year, Cecil County School Employees Credit Union has increased its total deposits by $963,000, resulting in 5.1% 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 Cecil County School Employees 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. Cecil County School Employees Credit Union has $21.96 million in assets with $2.12 million in equity, resulting in a capitalization level of 9.64%, which is average.

No reviews have been left for this bank yet. Be the first to review.