Chetco Credit Union

Chetco Credit Union Locations
P.O. Box 3000J
Harbor, OR 97415
1-800-237-8064
www.chetcofcu.org
ALEXANDRIA, Va. September 23, 2011 – The National Credit Union Administration (NCUA) today assumed control of service and operations at Chetco Federal Credit Union of Harbor, Ore. While continuing normal member services, NCUA will work to resolve issues affecting the institution. Deposits at Chetco Federal Credit Union remain federally protected. Administered by NCUA, the National Credit Union Share Insurance Fund (NCUSIF) continues to insure individual accounts at Chetco Federal Credit Union up to $250,000.



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Chetco Credit Union Checking Account Rates

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0.05%$1,500-Premiere Checking

Chetco Credit Union Savings Account Rates

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0.90%$250-Smart Saver TSC
0.10%--Holiday Account
0.10%--Savings Account
0.10%$25-IRA Accumulator

Chetco Credit Union Money Market Rates

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0.25%$75k-Money Market Account

Chetco Credit Union CD Rates

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1.51%$75k-60 Month Time Share Certificate
1.11%$75k-48 Month Time Share Certificate
0.90%$75k-36 Month Time Share Certificate
0.70%$75k-24 Month Time Share Certificate
0.60%$75k-18 Month Time Share Certificate
0.45%$75k-12 Month Time Share Certificate
0.40%$75k-6 Month Time Share Certificate
0.30%$75k-3 Month Time Share Certificate

Chetco Credit Union IRA Rates

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1.51%$75k-60 Month IRA Time Share Certificate
1.11%$75k-48 Month IRA Time Share Certificate
0.90%$75k-36 Month IRA Time Share Certificate
0.70%$75k-24 Month IRA Time Share Certificate
0.60%$75k-18 Month IRA Time Share Certificate
0.48%$75k-12 Month Variable IRA Time Share Certificate
0.45%$75k-12 Month IRA Time Share Certificate
0.40%$75k-6 Month IRA Time Share Certificate
0.30%$75k-3 Month IRA Time Share Certificate

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


CHETCO
NCUA #12047
BankRate ReportView
Year Chartered1957
Employees95
Primary Regulator

Assets and Liabilities

Assets$291.91 million
Loans$282.01 million
Deposits$268.84 million
Equity Capital$999,000
Loan Loss Allowance$20.55 million
Unbacked Noncurrent Loans$54.27 million
Real Estate Owned$12.34 million

Historic Data - December 2010

Assets$348.13 million
Equity Capital$27.03 million
Loan Loss Allowance$8.84 million
Unbacked Noncurrent Loans$34.41 million
Real Estate Owned$7.72 million

Profit Margin - Quarterly

Net Interest Margin4.11%
Return on Assets-5.48%
Return on Equity-1,600.1%
Interest Income$16.30 million
Non-Interest Income$1.88 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
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 Chetco Credit Union had $66.61 million in non-current loans and owned real-estate with $21.55 million in equity and loan loss allowances on hand to cover it. This gives Chetco Credit Union a Texas Ratio of 309.16% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Chetco Credit Union increased slightly from 117.46% as of December 31, 2010 to 309.16% as of December 31, 2011, resulting in a negative change of 163.21%. This indicates that the balance sheet and financial strength for Chetco Credit Union has declined slightly in recent periods.
Deposit Growth1
In the past year, Chetco Credit Union has decreased its total deposits by -$50.25 million, resulting in -15.75% 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 Chetco Credit Union has shown is poor.
Capitalization2
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. Chetco Credit Union has $291.91 million in assets with $21.55 million in equity, resulting in a capitalization level of 7.38%, which is below average.
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