Chaco Credit Union is headquartered in Hamilton and is the 34th largest credit union in the state of Ohio. It is also the 1,020th largest credit union in the nation. It was established in 1938 and as of September of 2013, it had grown to 59 employees and 24,624 members. Chaco Credit Union has a B health rating.
Field of Membership Restrictions
Anyone who lives, works, attends school or worships in Butler, Hamilton, Preble or Warren counties is eligible to join. You can also join if you are employed by one of CHACOs Select Employee Groups. - See Details
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Don't Deal With This Bank
I purchased a car from a member of this credit union. I went with him the day I purchased it, and wrote a check for the full amount. My check cleared the following day. It has been over a month and still no title. It's obvious that this bank suffers from a severe lack of internal processes.
Data for Q3 2013
Institution Health
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 September 30, 2013 Chaco Credit Union had $2.73 million in non-current loans and owned real-estate with $15.06 million in equity and loan loss allowances on hand to cover it. This gives Chaco Credit Union a Texas Ratio of 18.13% 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 Chaco Credit Union held steady from 16.18% as of September 30, 2012 to 18.13% as of September 30, 2013, resulting in a negative change of 12.03%. This indicates that the balance sheet and financial strength for Chaco Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Chaco Credit Union has increased its total deposits by $4.17 million, resulting in 2.76% 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 Chaco Credit Union has shown is above 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. Chaco Credit Union has $172.31 million in assets with $15.06 million in equity, resulting in a capitalization level of 8.74%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 60954 |
| Year Chartered | 1938 |
| Employees | 59 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $172.31 million |
| Loans | $124.21 million |
| Deposits | $155.51 million |
| Equity Capital | $13.68 million |
| Loan Loss Allowance | $1.38 million |
| Unbacked Noncurrent Loans | $2.36 million |
| Real Estate Owned | $369,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $168.57 million |
| Equity Capital | $13.74 million |
| Loan Loss Allowance | $1.62 million |
| Unbacked Noncurrent Loans | $2.36 million |
| Real Estate Owned | $295,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.01% |
| Return on Assets | 0.05% |
| Return on Equity | 0.58% |
| Interest Income | $4.59 million |
Always verify rates and promotions with the bank or credit union. We are not Chaco Credit Union, we are a rate comparison website and can not provide official rates or promotions.
Chaco Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | IRA Accumulation Account | |
| 0.20% | - | - | Roth IRA Accumulation Account | |
| 0.02% | - | - | Basic Shares Account |
Chaco Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $100k | - | Classic Oak Money Market Account |
Chaco Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Members Choice Checking Account |
Chaco Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.09% | $500 | - | 72 Month CD | |
| 1.00% | $500 | - | 60 Month CD | |
| 0.95% | $500 | - | 49-59 Month CD | |
| 0.90% | $500 | - | 37-48 Month CD | |
| 0.70% | $500 | - | 31-36 Month CD | |
| 0.60% | $500 | - | 30 Month CD | |
| 0.50% | $500 | - | 24-29 Month CD | |
| 0.40% | $500 | - | 18-23 Month CD | |
| 0.30% | $500 | - | 12-17 Month CD | |
| 0.20% | $500 | - | 7-11 Month CD | |
| 0.15% | $500 | - | 6 Month CD | |
| 0.10% | $500 | - | 3 Month CD |
Chaco Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.09% | $500 | - | 72 Month IRA | |
| 1.09% | $500 | - | 72 Month Roth IRA | |
| 1.00% | $500 | - | 60 Month IRA | |
| 1.00% | $500 | - | 60 Month Roth IRA | |
| 0.95% | $500 | - | 49-59 Month IRA | |
| 0.95% | $500 | - | 49-59 Month Roth IRA | |
| 0.90% | $500 | - | 37-48 Month IRA | |
| 0.90% | $500 | - | 37-48 Month Roth IRA | |
| 0.70% | $500 | - | 31-36 Month IRA | |
| 0.70% | $500 | - | 31-36 Month Roth IRA | |
| 0.60% | $500 | - | 30 Month IRA | |
| 0.60% | $500 | - | 30 Month Roth IRA | |
| 0.50% | $500 | - | 24-29 Month IRA | |
| 0.50% | $500 | - | 24-29 Month Roth IRA | |
| 0.40% | $500 | - | 18-23 Month IRA | |
| 0.40% | $500 | - | 18-23 Month Roth IRA | |
| 0.30% | $500 | - | 12-17 Month IRA | |
| 0.30% | $500 | - | 12-17 Month Roth IRA | |
| 0.20% | $500 | - | 7-11 Month IRA | |
| 0.20% | $500 | - | 7-11 Month Roth IRA | |
| 0.15% | $500 | - | 6 Month IRA | |
| 0.15% | $500 | - | 6 Month Roth IRA | |
| 0.10% | $500 | - | 3 Month IRA | |
| 0.10% | $500 | - | 3 Month Roth IRA |
| Chaco Credit Union Locations | ||
|---|---|---|
| Branch Office | 601 Park Ave | Hamilton, OH 45013-3064 |
| Branch Office | 100 S 3rd St | Hamilton, OH 45011-2816 |
| Branch Office | 5174 COLLEGE CORNER PIKE | OXFORD, OH 45056 |
| Branch Office | 3201 Princeton Rd | Hamilton, OH 45011-5332 |
| Branch Office | 7237 Cincinnati Dayton Rd | West Chester, OH 45069 |
| Branch Office | 950 Deis Dr | Fairfield, OH 45014-8128 |