Cutting Edge Credit Union

Cutting Edge Credit Union is headquartered in Milwaukie and is the 45^th largest credit union in the state of Oregon. It is also the 2,617^st largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 11 employees and 3,745 members. Cutting Edge Credit Union's savings rates are 100% higher than the national average, and it has a 4-star health rating.

Cutting Edge Credit Union Savings Account Rates

Cutting Edge Credit Union Money Market Rates

Cutting Edge Credit Union CD Rates

Cutting Edge Credit Union IRA Rates

Data for Q4 2011

Institution Statistics CUTTING EDGE NCUA # 8317 BankRate Report View Year Chartered 1953 Employees 11 Primary Regulator Assets and Liabilities Assets $37.53 million Loans $22.27 million Deposits $32.83 million Equity Capital $4.13 million Loan Loss Allowance $113,000 Unbacked Noncurrent Loans $621,000 Historic Data - December 2010 Assets $35.18 million Equity Capital $4.03 million Loan Loss Allowance $135,000 Unbacked Noncurrent Loans $301,000 Profit Margin - Quarterly Net Interest Margin 5.15% Return on Assets 0.25% Return on Equity 2.25% Interest Income $1.59 million Non-Interest Income $271,000

Institution Health Overall Score: 4 out of 5 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, 2011 Cutting Edge Credit Union had $621,000 in non-current loans and owned real-estate with $4.24 million in equity and loan loss allowances on hand to cover it. This gives Cutting Edge Credit Union a Texas Ratio of 14.65% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Cutting Edge Credit Union increased slightly from 7.23% as of December 31, 2010 to 14.65% as of December 31, 2011, resulting in a negative change of 102.81%. This indicates that the balance sheet and financial strength for Cutting Edge Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Cutting Edge Credit Union has increased its total deposits by $2.05 million, resulting in 6.67% 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 Cutting Edge Credit Union has shown is excellent. 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. Cutting Edge Credit Union has $37.52 million in assets with $4.24 million in equity, resulting in a capitalization level of 11.29%, which is above average.

No reviews have been left for this bank yet. Be the first to review.