Desert Communities Credit Union

Desert Communities Credit Union Locations
P.O. Box 918
Needles, CA 92363
1-877-717-3232
www.desertcommunitiesfcu.org



Desert Communities Credit Union is headquartered in Needles and is the 300th largest credit union in the state of California. It is also the 3,687th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 4 employees and 1,727 members. Desert Communities Credit Union has a 4-star health rating.



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

Desert Communities Credit Union Savings Account Rates

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0.25%$2k-IRA Shares Account
0.25%$2k-Roth IRA Share Account
0.25%$2k-Roth IRA Conversion Share Account
0.15%$50-Education IRA Share Account
0.10%$50-Share Account
0.10%--Christmas Club Account

Desert Communities Credit Union Money Market Rates

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0.20%$2,500-Insured Money Market Account (IMMA)

Desert Communities Credit Union CD Rates

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1.51%$5k-5 Year CD
1.26%$5k-4 Year CD
1.01%$5k-3 Year CD
0.75%$5k-2 Year CD
0.50%$5k-1 Year CD
0.25%$5k-6 Month CD

Desert Communities Credit Union IRA Rates

ApyMinMaxProduct
1.51%$5k-5 Year IRA CD
1.26%$5k-4 Year IRA CD
1.01%$5k-3 Year IRA CD
0.75%$5k-2 Year IRA CD
0.50%$5k-1 Year IRA CD
0.25%$5k-6 Month Roth IRA CD
0.25%$5k-6 Month Roth IRA Conversion CD
0.25%$5k-6 Month IRA CD

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


DESERT COMMUNITIES
NCUA #9821
BankRate ReportView
Year Chartered1954
Employees4
Primary Regulator

Assets and Liabilities

Assets$18.41 million
Loans$5.69 million
Deposits$16.33 million
Equity Capital$2.02 million
Loan Loss Allowance$95,000
Unbacked Noncurrent Loans$240,000

Historic Data - December 2010

Assets$20.41 million
Equity Capital$2.16 million
Loan Loss Allowance$168,000
Unbacked Noncurrent Loans$342,000

Profit Margin - Quarterly

Net Interest Margin8.02%
Return on Assets-0.78%
Return on Equity-7.15%
Interest Income$626,000
Non-Interest Income$114,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Desert Communities Credit Union had $240,000 in non-current loans and owned real-estate with $2.11 million in equity and loan loss allowances on hand to cover it. This gives Desert Communities Credit Union a Texas Ratio of 11.37% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Desert Communities Credit Union decreased slightly from 14.69% as of December 31, 2010 to 11.37% as of December 31, 2011, resulting in a positive change of 22.57%.This indicates that the balance sheet and financial strength for Desert Communities Credit Union has improved slightly in recent periods.
Deposit Growth1
In the past year, Desert Communities Credit Union has decreased its total deposits by -$1.84 million, resulting in -10.13% 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 Desert Communities Credit Union has shown is poor.
Capitalization4
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. Desert Communities Credit Union has $18.41 million in assets with $2.11 million in equity, resulting in a capitalization level of 11.46%, which is above average.
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