Community Trust Credit Union

Community Trust Credit Union is headquartered in Durham and is the 7^th largest credit union in the state of North Carolina. It is also the 370^th largest credit union in the nation. It was established in 2008 and as of March of 2013, it had grown to 197 employees and 49,307 members. Community Trust Credit Union has a 4-star health rating.

Related Posts

Community Trust Credit Union Checking Account Rates

Community Trust Credit Union Savings Account Rates

Community Trust Credit Union Money Market Rates

Community Trust Credit Union CD Rates

Community Trust Credit Union IRA Rates

Data for Q1 2013

Institution Statistics SELF-HELP NCUA # 24802 BankRate Report View Year Chartered 2008 Employees 197 Primary Regulator Assets and Liabilities Assets $589.74 million Loans $296.72 million Deposits $497.21 million Equity Capital $12.28 million Secondary Capital $67.00 million Loan Loss Allowance $2.62 million Unbacked Noncurrent Loans $19.30 million Real Estate Owned $789,000 Historic Data - March 2012 Assets $417.85 million Equity Capital $6.68 million Loan Loss Allowance $1.98 million Unbacked Noncurrent Loans $7.98 million Real Estate Owned $1.34 million Profit Margin - Quarterly Net Interest Margin 1.79% Return on Assets 0.93% Return on Equity 44.84% Interest Income $5.92 million Non-Interest Income $829,000

Institution Health Overall Score: 4 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 March 31, 2013 Community Trust Credit Union had $20.09 million in non-current loans and owned real-estate with $81.9 million in equity and loan loss allowances on hand to cover it. This gives Community Trust Credit Union a Texas Ratio of 24.53% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Community Trust Credit Union decreased significantly from 107.64% as of March 31, 2012 to 24.53% as of March 31, 2013, resulting in a positive change of 77.21%.This indicates that the balance sheet and financial strength for Community Trust Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Community Trust Credit Union has increased its total deposits by $141.87 million, resulting in 39.93% 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 Trust Credit Union has shown is excellent. 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 Trust Credit Union has $589.74 million in assets with $14.9 million in equity, resulting in a capitalization level of 2.53%, which is poor.

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