City Of Boston Credit Union

City Of Boston Credit Union is headquartered in BOSTON and is the 31^st largest credit union in the state of Massachusetts. It is also the 660^th largest credit union in the nation. It was established in 1915 and as of December of 2011, it had grown to 49 employees and 19,329 members. City Of Boston Credit Union has a 5-star health rating.

Related Posts

City Of Boston Credit Union Checking Account Rates

City Of Boston Credit Union Savings Account Rates

City Of Boston Credit Union Money Market Rates

City Of Boston Credit Union CD Rates

City Of Boston Credit Union IRA Rates

Data for Q4 2011

Institution Statistics CITY OF BOSTON NCUA # 67841 BankRate Report View Year Chartered 1915 Employees 49 Primary Regulator Assets and Liabilities Assets $284.61 million Loans $138.90 million Deposits $243.23 million Equity Capital $40.72 million Loan Loss Allowance $1.44 million Unbacked Noncurrent Loans $3.15 million Historic Data - December 2010 Assets $268.49 million Equity Capital $39.50 million Loan Loss Allowance $1.91 million Unbacked Noncurrent Loans $2.35 million Profit Margin - Quarterly Net Interest Margin 6.36% Return on Assets 0.39% Return on Equity 2.73% Interest Income $11.19 million Non-Interest Income $1.02 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 City Of Boston Credit Union had $3.14 million in non-current loans and owned real-estate with $42.16 million in equity and loan loss allowances on hand to cover it. This gives City Of Boston Credit Union a Texas Ratio of 7.46% 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 City Of Boston Credit Union held steady from 5.67% as of December 31, 2010 to 7.46% as of December 31, 2011, resulting in a negative change of 31.62%. This indicates that the balance sheet and financial strength for City Of Boston Credit Union has held steady in recent periods. Deposit Growth In the past year, City Of Boston Credit Union has increased its total deposits by $14.92 million, resulting in 6.54% 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 City Of Boston 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. City Of Boston Credit Union has $284.61 million in assets with $42.16 million in equity, resulting in a capitalization level of 14.81%, which is excellent.

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