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Overview / Commentary
319-393-9000
1150 42nd St NE
Cedar Rapids, IA 52402-5733

Collins Community Credit Union is headquartered in Cedar Rapids and is the 4th largest credit union in the state of Iowa. It is also the 296th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 198 employees and 62,235 members. Collins Community Credit Union's money market rates are 48% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Collins Community Credit Union is open to all businesses located in or persons living or working in Linn, Benton, Buchanan, Cedar, Delaware, Iowa, Johnson, Jones, Keokuk, Louisa, Muscatine, and Washington counties. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Collins Community Credit Union had $3.13 million in non-current loans and owned real-estate with $80 million in equity and loan loss allowances on hand to cover it. This gives Collins Community Credit Union a Texas Ratio of 3.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Collins Community Credit Union decreased dramatically from 13.44% as of March 31, 2013 to 3.91% as of March 31, 2014, resulting in a positive change of 70.92%.This indicates that the balance sheet and financial strength for Collins Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Collins Community Credit Union has increased its total deposits by $38.02 million, resulting in 5.85% 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 Collins Community 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. Collins Community Credit Union has $773.71 million in assets with $80 million in equity, resulting in a capitalization level of 10.34%, which is above average.

Institution Statistics

Overall
NCUA #62969
Year Chartered1940
Employees198
Primary Regulator
Assets and Liabilities
Assets$773.71 million
Loans$537.23 million
Deposits$687.33 million
Equity Capital$73.94 million
Loan Loss Allowance$6.07 million
Unbacked Noncurrent Loans$3.01 million
Real Estate Owned$112,000
Historic Data - March 2013
Assets$730.80 million
Equity Capital$65.37 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$3.01 million
Real Estate Owned$36,000
Profit Margin - Quarterly
Net Interest Margin1.05%
Return on Assets0.47%
Return on Equity4.9%
Interest Income$6.79 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Collins Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Collins Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$100-HSA Checking
0.40%$100k-Share Savings Plus
0.40%$100k-STAR Savings
0.40%$100k-IRA Share Savings Plus
0.10%$100-Share Savings
0.10%--Kirby Trust
0.10%$50-Fortune 50
0.10%--Thrift/Vacation
0.10%--Christmas Club

Collins Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$250k-Money Market Plus

Collins Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.25%-$25kAdvantage Checking - Qualifying
0.05%$2,500-Business Checking
0.01%--Advantage Checking - Non Qualifying

Collins Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$250k-28 Month CD Special
0.90%$250k-60 Month Fixed Rate CD
0.80%$250k-48 Month Fixed Rate CD
0.80%$250k-10 Month CD Special
0.65%$10k-12 Month STAR CD
0.60%$250k-36 Month Fixed Rate CD
0.55%$250k-24 Month Fixed Rate CD
0.50%$250k-12 Month Fixed Rate CD
0.45%$250k-6 Month Fixed Rate CD

Collins Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$250k-28 Month IRA Special
0.90%$250k-60 Month Fixed Rate IRA
0.80%$250k-48 Month Fixed Rate IRA
0.80%$250k-10 Month IRA Special
0.60%$250k-36 Month Fixed Rate IRA
0.55%$250k-24 Month Fixed Rate IRA
0.50%$250k-12 Month Fixed Rate IRA
Locations


Collins Community Credit Union Locations
Branch Office3680 Highway 151Marion, IA 52302
Main Office1150 42nd St NECedar Rapids, IA 52402-5733
Branch Office1755 1st Ave SECedar Rapids, IA 52402-5432
Branch Office3160 Wiley Blvd SWCedar Rapids, IA 52404
Branch Office855 35th St NECedar Rapids, IA 52498-0506
Branch Office1843 Johnson Ave NWCedar Rapids, IA 52405-4752
Branch Office20 Wilson Ave SWCedar Rapids, IA 52404
Branch Office1655 Jordan StNorth Liberty, IA 52317-4791
Branch Office5761 C St SWCedar Rapids, IA 52404-7358