Average User Rating:
5 star rating based on 1 review.

District 08 Credit Union

P O Box 5464
Alexandria, LA 71307
800-775-7771
www.district08fcu.org

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District 08 Credit Union is headquartered in ALEXANDRIA and is the 113^st largest credit union in the state of Louisiana. It is also the 4,623^rd largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 4 employees and 1,616 members. District 08 Credit Union's savings rates are 92% higher than the national average, and it has a 4-star health rating.

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See Rates for: Savings | CD | IRA

District 08 Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	IRA Savings
1.00%	-	-	Roth IRA Savings
1.00%	-	-	Education IRA Savings
0.50%	-	-	Christmas Club
0.10%	$200	-	Regular Savings
0.10%	$200	-	Auxillary Savings
0.10%	$200	-	Escrow Savings
0.10%	-	-	Children Savings

District 08 Credit Union CD Rates

Apy	Min	Max	Product
0.35%	-	-	18 Month CD
0.35%	-	-	24 Month CD
0.25%	-	-	12 Month CD
0.10%	-	-	6 Month CD

District 08 Credit Union IRA Rates

Apy	Min	Max	Product
0.35%	-	-	18 Month IRA
0.35%	-	-	24 Month IRA
0.35%	-	-	18 Month Roth IRA
0.35%	-	-	24 Month Roth IRA
0.35%	-	-	18 Month Education IRA
0.35%	-	-	24 Month Education IRA
0.25%	-	-	12 Month IRA
0.25%	-	-	12 Month Roth IRA
0.25%	-	-	12 Month Education IRA
0.10%	-	-	6 Month IRA
0.10%	-	-	6 Month Roth IRA
0.10%	-	-	6 Month Education IRA

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

DISTRICT 08
NCUA #	14651
BankRate Report	View
Year Chartered	1961
Employees	4
Primary Regulator
Assets and Liabilities
Assets	$9.97 million
Loans	$4.25 million
Deposits	$9.37 million
Equity Capital	$586,000
Loan Loss Allowance	$12,000
Unbacked Noncurrent Loans	$67,000
Historic Data - December 2010
Assets	$8.79 million
Equity Capital	$605,000
Loan Loss Allowance	$31,000
Unbacked Noncurrent Loans	$69,000
Profit Margin - Quarterly
Net Interest Margin	5.38%
Return on Assets	-0.18%
Return on Equity	-3.07%
Interest Income	$334,000
Non-Interest Income	$75,000

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 District 08 Credit Union had $67,000 in non-current loans and owned real-estate with $598,000 in equity and loan loss allowances on hand to cover it. This gives District 08 Credit Union a Texas Ratio of 11.20% 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 District 08 Credit Union held steady from 10.85% as of December 31, 2010 to 11.20% as of December 31, 2011, resulting in a negative change of 3.27%. This indicates that the balance sheet and financial strength for District 08 Credit Union has held steady in recent periods.
Deposit Growth
In the past year, District 08 Credit Union has increased its total deposits by $1.21 million, resulting in 14.79% 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 District 08 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. District 08 Credit Union has $9.97 million in assets with $598,000 in equity, resulting in a capitalization level of 6.00%, which is below average.

District 08 Credit Union Is A Great Place To Bank!
5 stars

- felton - Friday, February 18, 2011 - 3:45 PM

I love this credit union. My parents have been members for almost 40 years. I have been a member for about six years. We have never had any issues that we were unable to resolve quickly. It is a delight to conduct the banking transactions of my small business with the helpful staff of District 08. I have had problems with many other banks, and these problems have cost my business money. However, this credit union works with me to insure that my business is not hurt by any transaction errors. The friendly staff knows you by name and I really like that as well. I would recommend District 08 Credit union to everyone, but especially to small business owners.