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.
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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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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||1.05%|
|Return on Assets||0.47%|
|Return on Equity||4.9%|
|Interest Income||$6.79 million|
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|0.40%||$100k||-||Share Savings Plus|
|0.40%||$100k||-||IRA Share Savings Plus|
|0.65%||$250k||-||Money Market Plus|
|2.25%||-||$25k||Advantage Checking - Qualifying|
|0.01%||-||-||Advantage Checking - Non Qualifying|
|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|
|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|
|Collins Community Credit Union Locations|
|Branch Office||3680 Highway 151||Marion, IA 52302|
|Main Office||1150 42nd St NE||Cedar Rapids, IA 52402-5733|
|Branch Office||1755 1st Ave SE||Cedar Rapids, IA 52402-5432|
|Branch Office||3160 Wiley Blvd SW||Cedar Rapids, IA 52404|
|Branch Office||855 35th St NE||Cedar Rapids, IA 52498-0506|
|Branch Office||1843 Johnson Ave NW||Cedar Rapids, IA 52405-4752|
|Branch Office||20 Wilson Ave SW||Cedar Rapids, IA 52404|
|Branch Office||1655 Jordan St||North Liberty, IA 52317-4791|
|Branch Office||5761 C St SW||Cedar Rapids, IA 52404-7358|