Dexter Credit Union is headquartered in Central Falls and is the 8th largest credit union in the state of Rhode Island. It is also the 1,318st largest credit union in the nation. It was established in 1948 and as of June of 2013, it had grown to 39 employees and 6,737 members. Dexter Credit Union has a C- health rating.
Must be a member of a fraternal organization, volunteer association, partnership or corporation. - See Details
Unsubstantiated funds were taken from my
checking account without my consent by Dexter Credit Union.
When pulling up to a drive through the cone was not sitting properly
and when I went to take it from the cradle it slipped and fell on the ground.
The manager watched from the window as I sat in my car waiting for help
and she did nothing. Finally I put my car in reverse so i could get out and retrieve it.
And has luck would have it my tire caught the top if it and cracked it.
They are charging me forty dollars. I don't recall signing anything
that implied I was responsible for their consumables.
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 June 30, 2013 Dexter Credit Union had $2.24 million in non-current loans and owned real-estate with $8.79 million in equity and loan loss allowances on hand to cover it. This gives Dexter Credit Union a Texas Ratio of 25.49% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Dexter Credit Union increased slightly from 19.57% as of June 30, 2012 to 25.49% as of June 30, 2013, resulting in a negative change of 30.23%. This indicates that the balance sheet and financial strength for Dexter Credit Union has declined slightly in recent periods.
In the past year, Dexter Credit Union has decreased its total deposits by -$2.63 million, resulting in -2.38% 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 Dexter Credit Union has shown is average.
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. Dexter Credit Union has $121.16 million in assets with $8.79 million in equity, resulting in a capitalization level of 7.26%, which is below average.
|Assets and Liabilities|
|Equity Capital||$8.41 million|
|Loan Loss Allowance||$382,000|
|Unbacked Noncurrent Loans||$2.05 million|
|Real Estate Owned||$188,000|
|Historic Data - June 2012|
|Equity Capital||$10.31 million|
|Loan Loss Allowance||$271,000|
|Unbacked Noncurrent Loans||$2.05 million|
|Real Estate Owned||$314,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.23%|
|Return on Assets||-0.25%|
|Return on Equity||-3.57%|
|Interest Income||$1.97 million|
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|0.15%||$25||-||Share Savings Account|
|0.30%||$100k||-||Xtra Money Market Account|
|0.15%||$500||-||Money Market Account|
|0.25%||$1k||-||Interest Checking Account|
|1.40%||$1k||-||60 Month CD|
|1.15%||$1k||-||48 Month Step up CD|
|1.00%||$1k||-||36 Month CD|
|0.75%||$1k||-||30 Month CD|
|0.60%||$1k||-||24 Month CD|
|0.50%||$1k||-||18 Month CD|
|0.45%||$1k||-||13 Month CD|
|0.45%||$1k||-||15 Month CD|
|0.30%||$1k||-||7 Month CD|
|0.30%||$1k||-||9 Month CD|
|0.30%||$1k||-||10 Month CD|
|0.30%||$1k||-||12 Month CD|
|0.30%||$1k||-||8 Month CD|
|0.30%||$1k||-||11 Month CD|
|0.25%||$1k||-||3 Month CD|
|0.25%||$1k||-||6 Month CD|
|1.40%||$500||-||60 Month IRA|
|1.00%||$500||-||36 Month IRA|
|0.75%||$500||-||30 Month IRA|
|0.60%||$500||-||24 Month IRA|
|0.50%||$500||-||18 Month IRA|
|0.45%||$500||-||13 Month IRA|
|0.45%||$500||-||15 Month IRA|
|0.30%||$500||-||7 Month IRA|
|0.30%||$500||-||9 Month IRA|
|0.30%||$500||-||10 Month IRA|
|0.30%||$500||-||12 Month IRA|
|0.30%||$500||-||8 Month IRA|
|0.30%||$500||-||11 Month IRA|
|0.25%||$500||-||3 Month IRA|
|0.25%||$500||-||6 Month IRA|
|Dexter Credit Union Locations|
|Branch Office||934 Dexter St||Central Falls, RI 02863|
|Branch Office||135 Danielson Pike||North Scituate, RI 02857|