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Overview / Commentary
800-359-1939
2075 Big Timber Rd
Elgin, IL 60123-1140

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 389th largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 190 employees and 67,920 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 Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Corporate America Family Credit Union had $3.54 million in non-current loans and owned real-estate with $90.4 million in equity and loan loss allowances on hand to cover it. This gives Corporate America Family Credit Union a Texas Ratio of 3.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Corporate America Family Credit Union experienced no significant changes from 3.87% as of March 31, 2013 to 3.92% as of March 31, 2014, resulting in a negative change of 1.11%. This indicates that the balance sheet and financial strength for Corporate America Family Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Corporate America Family Credit Union has decreased its total deposits by -$2.7 million, resulting in -0.54% 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 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 $586.28 million in assets with $90.4 million in equity, resulting in a capitalization level of 15.42%, which is excellent.

Institution Statistics

Overall
NCUA #68215
Year Chartered1976
Employees190
Primary Regulator
Assets and Liabilities
Assets$586.29 million
Loans$303.82 million
Deposits$496.12 million
Equity Capital$86.88 million
Loan Loss Allowance$3.51 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$108,000
Historic Data - March 2013
Assets$586.83 million
Equity Capital$84.77 million
Loan Loss Allowance$4.90 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$286,000
Profit Margin - Quarterly
Net Interest Margin1.54%
Return on Assets0.51%
Return on Equity3.41%
Interest Income$5.52 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
0.60%$10k-24 Month IRA
0.40%$10k-12 Month IRA
0.30%$10k-6 Month IRA
Locations

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