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Overview / Commentary
716-630-0888
9145 Sheridan Dr
Clarence, NY 14031

Clarence Community & Schools Credit Union is headquartered in Clarence and is the 185th largest credit union in the state of New York. It is also the 3,537th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 5 employees and 3,024 members. Clarence Community & Schools Credit Union has a B health rating.

Field of Membership Restrictions

If you LIVE, WORK, WORSHIP or GO TO SCHOOL in the Town of Clarence, you are eligible to join the Clarence Community & Schools Federal Credit Union. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Clarence Community & Schools Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Clarence Community & Schools Credit Union had $140,000 in non-current loans and owned real-estate with $1.92 million in equity and loan loss allowances on hand to cover it. This gives Clarence Community & Schools Credit Union a Texas Ratio of 7.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Clarence Community & Schools Credit Union increased slightly from 0.69% as of March 31, 2013 to 7.30% as of March 31, 2014, resulting in a negative change of 960.07%. This indicates that the balance sheet and financial strength for Clarence Community & Schools Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Clarence Community & Schools Credit Union has increased its total deposits by $664,000, resulting in 3.78% 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 Clarence Community & Schools Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Clarence Community & Schools Credit Union has $20.09 million in assets with $1.92 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

Overall
NCUA #9812
Year Chartered1954
Employees5
Primary Regulator
Assets and Liabilities
Assets$20.09 million
Loans$9.10 million
Deposits$18.21 million
Equity Capital$1.83 million
Loan Loss Allowance$86,000
Unbacked Noncurrent Loans$140,000
Real Estate Owned$0
Historic Data - March 2013
Assets$19.43 million
Equity Capital$1.85 million
Loan Loss Allowance$38,000
Unbacked Noncurrent Loans$140,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.12%
Return on Equity-1.31%
Interest Income$150,000
Rates
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Clarence Community & Schools Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--IRA Shares
0.15%$25k-Regular Shares
0.15%$25k-CLUBS
Locations


Clarence Community & Schools Credit Union Locations
Branch Office9625 Main StClarence, NY 14031
Branch Office9145 Sheridan DrClarence, NY 14031