E W O D Credit Union

E W O D Credit Union is headquartered in New Castle and is the 23^rd largest credit union in the state of Delaware. It is also the 5,440^th largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 2 employees and 1,387 members. E W O D Credit Union has a 2-star health rating.

Data for Q4 2011

Institution Statistics E W O D NCUA # 12349 BankRate Report View Year Chartered 1958 Employees 2 Primary Regulator Assets and Liabilities Assets $5.39 million Loans $2.36 million Deposits $5.06 million Equity Capital $324,000 Loan Loss Allowance $173,000 Unbacked Noncurrent Loans $399,000 Historic Data - December 2010 Assets $6.13 million Equity Capital $302,000 Loan Loss Allowance $236,000 Unbacked Noncurrent Loans $1.13 million Profit Margin - Quarterly Net Interest Margin 11.76% Return on Assets -0.22% Return on Equity -3.7% Interest Income $340,000

Institution Health Overall Score: 2 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 E W O D Credit Union had $399,000 in non-current loans and owned real-estate with $497,000 in equity and loan loss allowances on hand to cover it. This gives E W O D Credit Union a Texas Ratio of 80.28% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for E W O D Credit Union decreased significantly from 210.78% as of December 31, 2010 to 80.28% as of December 31, 2011, resulting in a positive change of 61.91%.This indicates that the balance sheet and financial strength for E W O D Credit Union has improved significantly in recent periods. Deposit Growth In the past year, E W O D Credit Union has decreased its total deposits by $-755,000, resulting in -12.98% 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 E W O D Credit Union has shown is poor. 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. E W O D Credit Union has $5.39 million in assets with $497,000 in equity, resulting in a capitalization level of 9.22%, which is average.

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