Desertview Credit Union

Desertview Credit Union is headquartered in HUNTINGTON and is the 33^rd largest credit union in the state of Utah. It is also the 2,969^th largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 10 employees and 5,189 members. Desertview Credit Union's savings rates are 2X the national average, and it has a 4-star health rating.

Desertview Credit Union Checking Account Rates

Desertview Credit Union Savings Account Rates

Desertview Credit Union Money Market Rates

Desertview Credit Union CD Rates

Desertview Credit Union IRA Rates

Data for Q4 2011

Institution Statistics DESERTVIEW NCUA # 13790 BankRate Report View Year Chartered 1960 Employees 10 Primary Regulator Assets and Liabilities Assets $29.40 million Loans $20.80 million Deposits $26.39 million Equity Capital $2.97 million Loan Loss Allowance $913,000 Unbacked Noncurrent Loans $715,000 Real Estate Owned $103,000 Historic Data - December 2010 Assets $30.36 million Equity Capital $2.63 million Loan Loss Allowance $773,000 Unbacked Noncurrent Loans $1.03 million Profit Margin - Quarterly Net Interest Margin 6.32% Return on Assets 1.16% Return on Equity 11.49% Interest Income $1.59 million Non-Interest Income $639,000

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 Desertview Credit Union had $818,000 in non-current loans and owned real-estate with $3.88 million in equity and loan loss allowances on hand to cover it. This gives Desertview Credit Union a Texas Ratio of 21.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Desertview Credit Union decreased slightly from 30.22% as of December 31, 2010 to 21.08% as of December 31, 2011, resulting in a positive change of 30.25%.This indicates that the balance sheet and financial strength for Desertview Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Desertview Credit Union has decreased its total deposits by -$1.26 million, resulting in -4.55% 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 Desertview 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. Desertview Credit Union has $29.4 million in assets with $3.88 million in equity, resulting in a capitalization level of 13.20%, which is excellent.

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