Community Cu Of New Milford, Inc.

Community Cu Of New Milford, Inc. is headquartered in New Milford and is the 80^th largest credit union in the state of Connecticut. It is also the 4,597^th largest credit union in the nation. It was established in 1959 and as of December of 2011, it had grown to 4 employees and 2,089 members. Community Cu Of New Milford, Inc.'s savings rates are 92% higher than the national average, and it has a 3-star health rating.

Community Cu Of New Milford, Inc. Savings Account Rates

Community Cu Of New Milford, Inc. CD Rates

Community Cu Of New Milford, Inc. IRA Rates

Data for Q4 2011

Institution Statistics COMMUNITY CU OF NEW MILFORD, INC. NCUA # 61261 BankRate Report View Year Chartered 1959 Employees 4 Primary Regulator Assets and Liabilities Assets $10.13 million Loans $4.15 million Deposits $9.39 million Equity Capital $737,000 Loan Loss Allowance $20,000 Unbacked Noncurrent Loans $113,000 Historic Data - December 2010 Assets $10.35 million Equity Capital $728,000 Loan Loss Allowance $21,000 Unbacked Noncurrent Loans $67,000 Profit Margin - Quarterly Net Interest Margin 6.98% Return on Assets 0.08% Return on Equity 1.09% Interest Income $467,000 Non-Interest Income $93,000

Institution Health Overall Score: 3 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 Community Cu Of New Milford, Inc. had $113,000 in non-current loans and owned real-estate with $757,000 in equity and loan loss allowances on hand to cover it. This gives Community Cu Of New Milford, Inc. a Texas Ratio of 14.93% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Community Cu Of New Milford, Inc. increased slightly from 8.95% as of December 31, 2010 to 14.93% as of December 31, 2011, resulting in a negative change of 66.87%. This indicates that the balance sheet and financial strength for Community Cu Of New Milford, Inc. has declined slightly in recent periods. Deposit Growth In the past year, Community Cu Of New Milford, Inc. has decreased its total deposits by $-232,000, resulting in -2.41% 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 Community Cu Of New Milford, Inc. has shown is below 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. Community Cu Of New Milford, Inc. has $10.13 million in assets with $757,000 in equity, resulting in a capitalization level of 7.47%, which is below average.

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