Cessna Employees Credit Union

Cessna Employees Credit Union is headquartered in Wichita and is the 7^th largest credit union in the state of Kansas. It is also the 842^nd largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 30 employees and 14,655 members. Cessna Employees Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

Cessna Employees Credit Union Routing Number: 301180027

Cessna Employees Credit Union Checking Account Rates

Cessna Employees Credit Union Savings Account Rates

Cessna Employees Credit Union CD Rates

Cessna Employees Credit Union IRA Rates

Data for Q4 2011

Institution Statistics CESSNA EMPLOYEES NCUA # 63300 BankRate Report View Year Chartered 1941 Employees 30 Primary Regulator Assets and Liabilities Assets $208.50 million Loans $81.20 million Deposits $174.59 million Equity Capital $32.30 million Loan Loss Allowance $907,000 Unbacked Noncurrent Loans $1.43 million Historic Data - December 2010 Assets $189.71 million Equity Capital $25.90 million Loan Loss Allowance $1.22 million Unbacked Noncurrent Loans $1.73 million Profit Margin - Quarterly Net Interest Margin 4.95% Return on Assets 1.51% Return on Equity 9.75% Interest Income $9.21 million Non-Interest Income $1.74 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, 2011 Cessna Employees Credit Union had $1.43 million in non-current loans and owned real-estate with $33.21 million in equity and loan loss allowances on hand to cover it. This gives Cessna Employees Credit Union a Texas Ratio of 4.32% 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 Cessna Employees Credit Union decreased slightly from 6.37% as of December 31, 2010 to 4.32% as of December 31, 2011, resulting in a positive change of 32.25%.This indicates that the balance sheet and financial strength for Cessna Employees Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Cessna Employees Credit Union has increased its total deposits by $12.36 million, resulting in 7.62% 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 Cessna 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. Cessna Employees Credit Union has $208.5 million in assets with $33.21 million in equity, resulting in a capitalization level of 15.93%, which is excellent.

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