Crescent CU (MA)
Crescent CU (MA) is headquartered in Brockton and is the 23rd largest credit union in the state of Massachusetts. It is also the 502nd largest credit union in the nation. It was established in 1919 and as of December of 2013, it had grown to 100 employees and 49,788 members. Crescent CU (MA) has a A+ health rating.
Field of Membership Restrictions
Credit union membership is open to those who live or work in Plymouth, Bristol, Norfolk, or Barnstable counties in Massachusetts. - See Details
Related Posts
Data for Q4 2013
Institution Health
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, 2013 Crescent CU (MA) had $1.65 million in non-current loans and owned real-estate with $53.65 million in equity and loan loss allowances on hand to cover it. This gives Crescent CU (MA) a Texas Ratio of 3.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Crescent CU (MA) decreased dramatically from 6.10% as of December 31, 2012 to 3.07% as of December 31, 2013, resulting in a positive change of 49.66%.This indicates that the balance sheet and financial strength for Crescent CU (MA) has improved dramatically in recent periods.
Deposit Growth
In the past year, Crescent CU (MA) has increased its total deposits by $806,000, resulting in 0.27% 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 Crescent CU (MA) has shown is above average.
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. Crescent CU (MA) has $429.02 million in assets with $53.65 million in equity, resulting in a capitalization level of 12.50%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68048 |
| Year Chartered | 1919 |
| Employees | 100 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $429.02 million |
| Loans | $344.81 million |
| Deposits | $299.53 million |
| Equity Capital | $51.76 million |
| Loan Loss Allowance | $1.89 million |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $401.76 million |
| Equity Capital | $50.12 million |
| Loan Loss Allowance | $2.62 million |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.51% |
| Return on Assets | 0.28% |
| Return on Equity | 2.29% |
| Interest Income | $12.97 million |
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Crescent CU (MA) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Passbook Savings | |
| 0.05% | - | - | Statement Savings | |
| 0.05% | - | - | Club Account |
Crescent CU (MA) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $50k | - | Maximum Money Market | |
| 0.30% | $100k | - | Super Money Market | |
| 0.10% | $2,500 | - | Money Market |
Crescent CU (MA) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.00% | - | $5k | eRewards Checking | |
| 0.15% | - | - | Relationship Checking | |
| 0.10% | - | - | eRewards Checking | |
| 0.05% | - | - | Crescent 62 Checking |
Crescent CU (MA) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.10% | $1k | - | 5 Year Certificate | |
| 0.90% | $1k | - | 4 Year Certificate | |
| 0.80% | $1k | - | 3 Year Certificate | |
| 0.75% | $1k | - | 2 ½ Year Certificate | |
| 0.70% | $1k | - | 2 Year Certificate | |
| 0.65% | $1k | - | 8 Month CD Special | |
| 0.55% | $1k | - | 18 Month Certificate | |
| 0.50% | $1k | - | 15 Month Certificate | |
| 0.40% | $1k | - | 1 Year Certificate | |
| 0.35% | $1k | - | 9 Month Certificate | |
| 0.25% | $1k | - | 6 Month Certificate | |
| 0.20% | $1k | - | 91 Day Certificate |
Crescent CU (MA) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.35% | $1k | - | 5 Year IRA Certificate | |
| 0.90% | $1k | - | 4 Year IRA Certificate | |
| 0.80% | $1k | - | 3 Year IRA Certificate | |
| 0.75% | $1k | - | 2 ½ Year IRA Certificate | |
| 0.70% | $1k | - | 2 Year IRA Certificate | |
| 0.65% | $1k | - | 8 Month IRA Special | |
| 0.55% | $1k | - | 18 Month IRA Certificate | |
| 0.50% | $1k | - | 15 Month IRA Certificate | |
| 0.40% | $1k | - | 1 Year IRA Certificate | |
| 0.35% | $1k | - | 9 Month IRA Certificate | |
| 0.25% | $1k | - | 6 Month IRA Certificate | |
| 0.20% | $1k | - | 91 Day IRA Certificate |
| Crescent CU (MA) Locations | ||
|---|---|---|
| Branch Office | 835 Oak St | Brockton, MA 02301 |
| Branch Office | 225 Liberty St | Brockton, MA 02301-7506 |
| Branch Office | 1300 Belmont St 2nd and 3rd Floors | Brockton, MA 02301 |
| Branch Office | 115 Commercial St | Brockton, MA 02302 |
| Branch Office | 1219 Main St | Brockton, MA 02301 |
| Branch Office | 951 County St | Taunton, MA 02780 |
| Branch Office | 715 Crescent St Shaw's Eastside Supermarket | Brockton, MA 02302 |
| Branch Office | 1300 Belmont St 1st Floor | Brockton, MA 02301 |
| Branch Office | 200 Myles Standish Blvd | Taunton, MA 02780 |
| Branch Office | 85 Pond St | Norwell, MA 02061 |