Csc Employees Credit Union
Csc Employees Credit Union is headquartered in Falls Church and is the 46th largest credit union in the state of Virginia. It is also the 1,636th largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 14 employees and 8,588 members. Csc Employees Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be an employee of Computer Sciences Corporation (CSC), its subsidiary or affiliate. - See Details
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 Csc Employees Credit Union had $29,000 in non-current loans and owned real-estate with $9.98 million in equity and loan loss allowances on hand to cover it. This gives Csc Employees Credit Union a Texas Ratio of 0.29% 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 Csc Employees Credit Union held steady from 0.23% as of December 31, 2012 to 0.29% as of December 31, 2013, resulting in a negative change of 28.04%. This indicates that the balance sheet and financial strength for Csc Employees Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Csc Employees Credit Union has decreased its total deposits by -$3.23 million, resulting in -4.13% 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 Csc Employees Credit Union has shown is below 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. Csc Employees Credit Union has $86.27 million in assets with $9.98 million in equity, resulting in a capitalization level of 11.57%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 19176 |
| Year Chartered | 1969 |
| Employees | 14 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $86.27 million |
| Loans | $21.30 million |
| Deposits | $74.94 million |
| Equity Capital | $9.96 million |
| Loan Loss Allowance | $24,000 |
| Unbacked Noncurrent Loans | $29,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $89.90 million |
| Equity Capital | $11.38 million |
| Loan Loss Allowance | $79,000 |
| Unbacked Noncurrent Loans | $29,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.89% |
| Return on Assets | -0.62% |
| Return on Equity | -5.4% |
| Interest Income | $1.69 million |
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Csc Employees Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $5k | - | Holiday Club Account | |
| 0.30% | $5k | - | Vacation Club Account | |
| 0.10% | - | - | Shares Savings Account | |
| 0.10% | - | - | VISA Secured Share Savings Account |
Csc Employees Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.22% | $10k | - | Money Market Insured Daily Executive Plus Accounts |
Csc Employees Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.55% | $1k | - | 36 Month PSC | |
| 0.45% | $1k | - | 24 Month PSC | |
| 0.40% | $1k | - | 18 Month PSC | |
| 0.35% | $100 | - | 12 Month Mini PSC | |
| 0.35% | $1k | - | 12 Month PSC | |
| 0.25% | $1k | - | 6 Month PSC |
Csc Employees Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.65% | - | - | 36 Month Conduit IRA (Traditional,Roth) | |
| 0.55% | - | - | 18 Month Conduit IRA (Traditional,Roth) | |
| 0.55% | - | - | 24 Month Conduit IRA (Traditional,Roth) | |
| 0.50% | - | - | 12 Month Conduit IRA (Traditional,Roth) | |
| 0.30% | - | - | 6 Month Conduit IRA (Traditional,Roth) |
| Csc Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 2100 E Grand Ave | El Segundo, CA 90245 |
| Branch Office | 3141 Fairview Park Dr Ste R70 | Falls Church, VA 22042 |