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Overview / Commentary
800-593-1000
1600 Medical Dr
Pottstown, PA 19464-3242

Diamond Credit Union is headquartered in Pottstown and is the 19st largest credit union in the state of Pennsylvania. It is also the 507th largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 125 employees and 47,537 members. Diamond Credit Union has a A+ health rating.

Field of Membership Restrictions

Anyone who lives, works (or regularly conducts business in) or attends school in Berks County, Pottstown, and parts of Montgomery and Chester counties in Southeastern Pennsylvania. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Diamond Credit Union had $2.35 million in non-current loans and owned real-estate with $51.41 million in equity and loan loss allowances on hand to cover it. This gives Diamond Credit Union a Texas Ratio of 4.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Diamond Credit Union decreased slightly from 6.00% as of March 31, 2013 to 4.56% as of March 31, 2014, resulting in a positive change of 23.86%.This indicates that the balance sheet and financial strength for Diamond Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Diamond Credit Union has increased its total deposits by $24.7 million, resulting in 7.06% 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 Diamond Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Diamond Credit Union has $436.67 million in assets with $51.41 million in equity, resulting in a capitalization level of 11.77%, which is excellent.

Institution Statistics

Overall
NCUA #68241
Year Chartered1947
Employees125
Primary Regulator
Assets and Liabilities
Assets$436.67 million
Loans$362.98 million
Deposits$374.39 million
Equity Capital$47.85 million
Loan Loss Allowance$3.57 million
Unbacked Noncurrent Loans$1.86 million
Real Estate Owned$487,000
Historic Data - March 2013
Assets$403.21 million
Equity Capital$43.06 million
Loan Loss Allowance$4.21 million
Unbacked Noncurrent Loans$1.86 million
Real Estate Owned$484,000
Profit Margin - Quarterly
Return on Assets0.69%
Return on Equity6.27%
Interest Income$4.76 million
Rates
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Diamond Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Health Savings Money Market Account
0.00%$100-Health Savings Checking

Diamond Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Choice Money Market Account
0.30%$25k-Marquee Money Market Account
0.20%$10k-Premier Money Market Account

Diamond Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$75k-60 Month Jumbo Share Certificate
2.00%$75k-10 Year Jumbo Share Certificate
1.75%$75k-48 Month Jumbo Share Certificate
1.55%$1k-60 Month Share Certificate
1.55%$1k-10 Year Share Certificate
1.55%$1k-60 Month Health Savings Share Certificate
1.30%$1k-48 Month Share Certificate
1.30%$75k-36 Month Jumbo Share Certificate
1.10%$75k-30 Month Jumbo Share Certificate
1.00%$1k-36 Month Share Certificate
1.00%$1k-36 Month Health Savings Share Certificate
0.95%$75k-24 Month Jumbo Share Certificate
0.85%$1k-30 Month Share Certificate
0.85%$75k-18 Month Jumbo Share Certificate
0.60%$1k-24 Month Share Certificate
0.55%$1k-18 Month Share Certificate
0.55%$75k-12 Month Jumbo Share Certificate
0.40%$1k-12 Month Share Certificate
0.40%$1k-12 Month Health Savings Share Certificate
0.30%$75k-26 Week Jumbo Share Certificate
0.25%$1k-26 Week Share Certificate
0.25%$75k-90 Day Jumbo Share Certificate
0.25%$1k-26 Week Health Savings Share Certificate
0.20%$1k-90 Day Share Certificate
0.20%$75k-45 Day Jumbo Share Certificate
0.15%$1k-45 Day Share Certificate

Diamond Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$75k-60 Month Jumbo IRA Share Certificate
2.00%$75k-10 Year Jumbo IRA Share Certificate
1.75%$75k-48 Month Jumbo IRA Share Certificate
1.55%$1k-60 Month IRA Share Certificate
1.55%$1k-10 Year IRA Share Certificate
1.30%$1k-48 Month IRA Share Certificate
1.30%$75k-36 Month Jumbo IRA Share Certificate
1.10%$75k-30 Month Jumbo IRA Share Certificate
1.00%$1k-36 Month IRA Share Certificate
0.95%$75k-24 Month Jumbo IRA Share Certificate
0.85%$1k-30 Month IRA Share Certificate
0.85%$75k-18 Month Jumbo IRA Share Certificate
0.60%$1k-24 Month IRA Share Certificate
0.55%$1k-18 Month IRA Share Certificate
0.55%$75k-12 Month Jumbo IRA Share Certificate
0.40%$1k-12 Month IRA Share Certificate
0.30%$75k-26 Week Jumbo IRA Share Certificate
0.25%$1k-26 Week IRA Share Certificate
0.25%$75k-90 Day Jumbo IRA Share Certificate
0.20%$1k-90 Day IRA Share Certificate
0.20%$75k-45 Day Jumbo IRA Share Certificate
0.15%$1k-45 Day IRA Share Certificate
Locations


Diamond Credit Union Locations
Branch Office6591 Perkiomen AveBirdsboro, PA 19508
Branch Office6th and Spruce StReading, PA 19611-1428
Branch Office1500 Ethan DrWyomissing, PA 19610-1253
Branch Office1600 Medical DrPottstown, PA 19464-3242