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Overview / Commentary
800-359-1939
2075 Big Timber Rd
Elgin, IL 60123

Corporate America Family Credit Union is headquartered in Elgin and is the 13st largest credit union in the state of Illinois. It is also the 384th largest credit union in the nation. It was established in 1976 and as of December of 2013, it had grown to 189 employees and 67,839 members. Corporate America Family Credit Union has a A health rating.

Field of Membership Restrictions

Membership in the credit union is open to anyone who lives or works within a 25-mile radius of a branch. Anyone employed by a Corporate America sponsor company and family members of a current member are, likewise, qualified for membership. Also, members of The Hope Group are eligible to join the credit union, and anyone can join The Hope Group. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Corporate America Family Credit Union had $2.97 million in non-current loans and owned real-estate with $89.13 million in equity and loan loss allowances on hand to cover it. This gives Corporate America Family Credit Union a Texas Ratio of 3.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Corporate America Family Credit Union decreased slightly from 4.67% as of December 31, 2012 to 3.33% as of December 31, 2013, resulting in a positive change of 28.77%.This indicates that the balance sheet and financial strength for Corporate America Family Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Corporate America Family Credit Union has increased its total deposits by $966,000, resulting in 0.2% 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 Corporate America Family Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Corporate America Family Credit Union has $571 million in assets with $89.13 million in equity, resulting in a capitalization level of 15.61%, which is excellent.

Institution Statistics

Overall
NCUA #68215
Year Chartered1976
Employees189
Primary Regulator
Assets and Liabilities
Assets$571.00 million
Loans$305.21 million
Deposits$480.92 million
Equity Capital$85.63 million
Loan Loss Allowance$3.50 million
Unbacked Noncurrent Loans$2.89 million
Real Estate Owned$76,000
Historic Data - December 2012
Assets$568.14 million
Equity Capital$83.44 million
Loan Loss Allowance$5.60 million
Unbacked Noncurrent Loans$2.89 million
Real Estate Owned$352,000
Profit Margin - Quarterly
Net Interest Margin6%
Return on Assets1.15%
Return on Equity7.64%
Interest Income$21.72 million
Rates
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Corporate America Family Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Health Savings Account (HSA)
0.05%--Regular Share Account
0.05%--Holiday Club
0.05%--Vacation Club
0.05%--Housing Club
0.05%--Special Event Club
0.05%--Transportation Club
0.05%--Name Your Own Club

Corporate America Family Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Corporate America Family Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$10k-36 Month CD
0.60%$10k-24 Month CD
0.40%$10k-12 Month CD
0.30%$10k-6 Month CD
0.25%$250$1k6 Month Youth Share Certificate

Corporate America Family Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$10k-36 Month IRA (Traditional,Roth,CESA)
0.60%$10k-24 Month IRA (Traditional,Roth,CESA)
0.40%$10k-12 Month IRA (Traditional,Roth,CESA)
0.30%$10k-6 Month IRA (Traditional,Roth,CESA)
Locations

Corporate America Family Credit Union has 19 locations. Click to view all Corporate America Family Credit Union locations.