Colgate Employees Credit Union

Colgate Employees Credit Union is headquartered in Piscataway and is the 105^th largest credit union in the state of New Jersey. It is also the 4,801^st largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 1 employees and 2,000 members. Colgate Employees Credit Union has a 2-star health rating.

Data for Q4 2011

Institution Statistics COLGATE EMPLOYEES NCUA # 4526 BankRate Report View Year Chartered 1941 Employees 1 Primary Regulator Assets and Liabilities Assets $8.70 million Loans $5.27 million Deposits $7.28 million Equity Capital $1.07 million Loan Loss Allowance $26,000 Unbacked Noncurrent Loans $1.27 million Historic Data - December 2010 Assets $8.67 million Equity Capital $1.22 million Loan Loss Allowance $57,000 Unbacked Noncurrent Loans $135,000 Profit Margin - Quarterly Net Interest Margin 5.76% Return on Assets -1.79% Return on Equity -14.62% Interest Income $376,000 Non-Interest Income $5,000

Institution Health Overall Score: 2 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 Colgate Employees Credit Union had $1.27 million in non-current loans and owned real-estate with $1.09 million in equity and loan loss allowances on hand to cover it. This gives Colgate Employees Credit Union a Texas Ratio of 115.92% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Colgate Employees Credit Union increased slightly from 10.55% as of December 31, 2010 to 115.92% as of December 31, 2011, resulting in a negative change of 999.09%. This indicates that the balance sheet and financial strength for Colgate Employees Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Colgate Employees Credit Union has increased its total deposits by $135,000, resulting in 1.89% 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 Colgate Employees Credit Union has shown is above average. 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. Colgate Employees Credit Union has $8.7 million in assets with $1.09 million in equity, resulting in a capitalization level of 12.56%, which is excellent.

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