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Clarkston Brandon Community Credit Union

Overview / Commentary
248-625-2923
8055 Ortonville Rd
Clarkston, MI 48348-4457

Clarkston Brandon Community Credit Union is headquartered in Clarkston and is the 136th largest credit union in the state of Michigan. It is also the 2,064th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 15 employees and 9,299 members. Clarkston Brandon Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Clarkston Community School District in Clarkston, Michigan or the Brandon School District in Ortonville, Michigan. - 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. Clarkston Brandon Community Credit Union has a relatively 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 Clarkston Brandon Community Credit Union had $108,000 in non-current loans and owned real-estate with $5.61 million in equity and loan loss allowances on hand to cover it. This gives Clarkston Brandon Community Credit Union a Texas Ratio of 1.92% 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 Clarkston Brandon Community Credit Union experienced no significant changes from 1.64% as of March 31, 2013 to 1.92% as of March 31, 2014, resulting in a negative change of 17.35%. This indicates that the balance sheet and financial strength for Clarkston Brandon Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Clarkston Brandon Community Credit Union has increased its total deposits by $2.29 million, resulting in 4.29% 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 Clarkston Brandon Community Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Clarkston Brandon Community Credit Union has $61.47 million in assets with $5.61 million in equity, resulting in a capitalization level of 9.13%, which is average.

Institution Statistics

Overall
NCUA #61293
Year Chartered1957
Employees15
Primary Regulator
Assets and Liabilities
Assets$61.47 million
Loans$22.30 million
Deposits$55.69 million
Equity Capital$5.44 million
Loan Loss Allowance$171,000
Unbacked Noncurrent Loans$108,000
Real Estate Owned$0
Historic Data - March 2013
Assets$59.42 million
Equity Capital$5.20 million
Loan Loss Allowance$232,000
Unbacked Noncurrent Loans$108,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.41%
Return on Assets0.53%
Return on Equity5.95%
Interest Income$387,000
Rates
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Clarkston Brandon Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Educational IRA Savings Account
0.10%$100-Primary Share Savings Account
0.10%$100-Christmas Club Account
0.10%$100-Club Share Account
0.10%$100-IRA Share Account
0.10%$100-Roth IRA Savings Account

Clarkston Brandon Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market Draft

Clarkston Brandon Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month CD
0.75%$1k-48 Month CD
0.50%$1k-36 Month CD
0.35%$1k-24 Month CD
0.30%$1k-18 Month CD
0.25%$1k-12 Month CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD
0.10%$1k-9 Month CD

Clarkston Brandon Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month IRA
0.75%$1k-48 Month IRA
0.50%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA
0.10%$1k-3 Month IRA
0.10%$1k-6 Month IRA
0.10%$1k-9 Month IRA
Locations


Clarkston Brandon Community Credit Union Locations
Branch Office4 South StOrtonville, MI 48462-7717
Branch Office8055 Ortonville RdClarkston, MI 48348-4457