Co-Ne Credit Union

Co-Ne Credit Union is headquartered in JULESBURG and is the 89^th largest credit union in the state of Colorado. It is also the 5,901^st largest credit union in the nation. It was established in 1966 and as of December of 2011, it had grown to 2 employees and 1,055 members. Co-Ne Credit Union has a 3-star health rating.

Data for Q4 2011

Institution Statistics CO-NE NCUA # 17250 BankRate Report View Year Chartered 1966 Employees 2 Primary Regulator Assets and Liabilities Assets $3.48 million Loans $2.08 million Deposits $3.14 million Equity Capital $337,000 Loan Loss Allowance $43,000 Unbacked Noncurrent Loans $135,000 Historic Data - December 2010 Assets $3.31 million Equity Capital $335,000 Loan Loss Allowance $24,000 Unbacked Noncurrent Loans $79,000 Profit Margin - Quarterly Net Interest Margin 7.35% Return on Assets 0.06% Return on Equity 0.59% Interest Income $180,000 Non-Interest Income $59,000

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 Co-Ne Credit Union had $135,000 in non-current loans and owned real-estate with $380,000 in equity and loan loss allowances on hand to cover it. This gives Co-Ne Credit Union a Texas Ratio of 35.53% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Co-Ne Credit Union increased slightly from 22.01% as of December 31, 2010 to 35.53% as of December 31, 2011, resulting in a negative change of 61.44%. This indicates that the balance sheet and financial strength for Co-Ne Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Co-Ne Credit Union has increased its total deposits by $168,000, resulting in 5.66% 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 Co-Ne 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. Co-Ne Credit Union has $3.48 million in assets with $380,000 in equity, resulting in a capitalization level of 10.91%, which is above average.

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