Clearpath Credit Union

Clearpath Credit Union Locations
340 Arden Ave
Glendale, CA 91203
800-433-7328
www.clearpathfcu.org

NCUA

Clearpath Credit Union is headquartered in Glendale and is the 163rd largest credit union in the state of California. It is also the 1,655th largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 30 employees and 11,878 members. Clearpath Credit Union has a 5-star health rating.

Related Posts

Hackers Force California's Clearpath FCU Offline (Forum) - 5/9/2013

From Credit Union Times; Clearpath FCU, an $87 million credit union headquartered in Glendale, Calif., has acknowledged its website was hacked and subsequently taken offline by the vendor that hosted the site. The event happened “around two weeks

Competitive 5-Year CD Rate in Southern California at Clearpath Credit Union - 2/27/2012

This is the first time that I noticed Clearpath Credit Union . I'm surprised I haven't noticed it before since it has some competitive CD rates and it's available to Southern California residents. The ...


Data for Q4 2012


Institution Statistics


CLEARPATH
NCUA #9556
BankRate ReportView
Year Chartered1954
Employees30
Primary Regulator

Assets and Liabilities

Assets$83.68 million
Loans$39.48 million
Deposits$72.31 million
Equity Capital$10.23 million
Loan Loss Allowance$959,000
Unbacked Noncurrent Loans$115,000
Real Estate Owned$426,000

Historic Data - December 2011

Assets$82.43 million
Equity Capital$9.92 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$390,000

Profit Margin - Quarterly

Net Interest Margin6.3%
Return on Assets0.45%
Return on Equity3.71%
Interest Income$3.26 million
Non-Interest Income$1.91 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Clearpath Credit Union had $541,000 in non-current loans and owned real-estate with $11.18 million in equity and loan loss allowances on hand to cover it. This gives Clearpath Credit Union a Texas Ratio of 4.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Clearpath Credit Union held steady from 3.52% as of December 31, 2011 to 4.84% as of December 31, 2012, resulting in a negative change of 37.34%. This indicates that the balance sheet and financial strength for Clearpath Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Clearpath Credit Union has increased its total deposits by $1.65 million, resulting in 2.34% 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 Clearpath Credit Union has shown is above average.
Capitalization5
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. Clearpath Credit Union has $83.68 million in assets with $11.18 million in equity, resulting in a capitalization level of 13.37%, which is excellent.
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