3 star ratingAverage User Rating:
3 star rating based on 1 review.

Credit Union of Atlanta

Credit Union of Atlanta Locations
670 Metropolitan Parkway
Atlanta, GA 30310
404-658-6465
www.cuatlanta.org

Credit Union of Atlanta is headquartered in Atlanta and is the 30th largest credit union in the state of Georgia. It is also the 1,723rd largest credit union in the nation. It was established in 1928 and as of December of 2011, it had grown to 39 employees and 16,194 members. Credit Union of Atlanta's money market rates are 2X the national average, and it has a 4-star health rating.

Credit Union of Atlanta Routing Number: 261071140

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See Rates for: Checking | Savings | Money Market | CD | IRA

Credit Union of Atlanta Checking Account Rates

ApyMinMaxProduct
1.00%$25k-Share Draft Checking

Credit Union of Atlanta Savings Account Rates

ApyMinMaxProduct
1.00%--IRA Share
1.00%--Roth IRA Share
1.00%--CESA Share
0.50%--Share Savings

Credit Union of Atlanta Money Market Rates

ApyMinMaxProduct
1.00%--Share Plus Money Market

Credit Union of Atlanta CD Rates

ApyMinMaxProduct
1.50%$500-60 Month CD
1.35%$500-48 Month CD
1.35%$500-54 Month CD
1.25%$500-36 Month CD
1.25%$500-42 Month CD
1.00%$500-24 Month CD
1.00%$500-30 Month CD
0.65%$500-12 Month CD
0.65%$500-18 Month CD
0.50%$500-6 Month CD

Credit Union of Atlanta IRA Rates

ApyMinMaxProduct
1.50%$500-60 Month IRA
1.50%$500-60 Month Roth IRA
1.50%$500-60 Month CESA
1.35%$500-48 Month IRA
1.35%$500-54 Month IRA
1.35%$500-48 Month Roth IRA
1.35%$500-54 Month Roth IRA
1.35%$500-48 Month CESA
1.35%$500-54 Month CESA
1.25%$500-36 Month IRA
1.25%$500-42 Month IRA
1.25%$500-36 Month Roth IRA
1.25%$500-42 Month Roth IRA
1.25%$500-36 Month CESA
1.25%$500-42 Month CESA
1.00%$500-24 Month IRA
1.00%$500-30 Month IRA
1.00%$500-24 Month Roth IRA
1.00%$500-30 Month Roth IRA
1.00%$500-24 Month CESA
1.00%$500-30 Month CESA
0.65%$500-12 Month IRA
0.65%$500-18 Month IRA
0.65%$500-12 Month Roth IRA
0.65%$500-18 Month Roth IRA
0.65%$500-12 Month CESA
0.65%$500-18 Month CESA
0.50%$500-6 Month IRA
0.50%$500-6 Month Roth IRA
0.50%$500-6 Month CESA

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


CREDIT UNION OF ATLANTA
NCUA #67383
BankRate ReportView
Year Chartered1928
Employees39
Primary Regulator

Assets and Liabilities

Assets$75.78 million
Loans$50.32 million
Deposits$65.95 million
Equity Capital$9.12 million
Loan Loss Allowance$1.33 million
Unbacked Noncurrent Loans$1.58 million

Historic Data - December 2010

Assets$58.15 million
Equity Capital$9.72 million
Loan Loss Allowance$746,000
Unbacked Noncurrent Loans$722,000

Profit Margin - Quarterly

Net Interest Margin7.05%
Return on Assets-0.79%
Return on Equity-6.52%
Interest Income$4.26 million
Non-Interest Income$2.40 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 Credit Union of Atlanta had $1.58 million in non-current loans and owned real-estate with $10.45 million in equity and loan loss allowances on hand to cover it. This gives Credit Union of Atlanta a Texas Ratio of 15.15% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Credit Union of Atlanta increased slightly from 6.90% as of December 31, 2010 to 15.15% as of December 31, 2011, resulting in a negative change of 119.58%. This indicates that the balance sheet and financial strength for Credit Union of Atlanta has declined slightly in recent periods.
Deposit Growth5
In the past year, Credit Union of Atlanta has increased its total deposits by $17.93 million, resulting in 37.33% 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 Credit Union of Atlanta has shown is excellent.
Capitalization5
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. Credit Union of Atlanta has $75.78 million in assets with $10.45 million in equity, resulting in a capitalization level of 13.79%, which is excellent.
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3 stars - dudeman123 - Wednesday, March 16, 2011 - 11:06 AM

The bank is very strict in their policies.  Their managers have an attitude and are not very accommodating.  But they do offer a 0.25% hike in the CD rates if you're over 55 (or have someone joint on the account who is).  So this makes this bank worth it with one of the highest CD rates in the country.

5
 
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