Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
205-226-3900
105 Frankfurt Cir
Birmingham, AL 35211

Eco Credit Union is headquartered in Birmingham and is the 28th largest credit union in the state of Alabama. It is also the 1,329th largest credit union in the nation. It was established in 1979 and as of December of 2013, it had grown to 38 employees and 13,372 members. Eco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Jefferson, Shelby, Cullman, Walker or Blount County. - See Details

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



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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, 2013 Eco Credit Union had $695,000 in non-current loans and owned real-estate with $9.51 million in equity and loan loss allowances on hand to cover it. This gives Eco Credit Union a Texas Ratio of 7.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Eco Credit Union experienced no significant changes from 7.70% as of December 31, 2012 to 7.31% as of December 31, 2013, resulting in a positive change of 5.04%.This indicates that the balance sheet and financial strength for Eco Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Eco Credit Union has increased its total deposits by $3.4 million, resulting in 3.19% 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 Eco Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Eco Credit Union has $119.38 million in assets with $9.51 million in equity, resulting in a capitalization level of 7.96%, which is below average.

Institution Statistics

Overall
NCUA #65464
Year Chartered1979
Employees38
Primary Regulator
Assets and Liabilities
Assets$119.39 million
Loans$49.67 million
Deposits$109.91 million
Equity Capital$8.97 million
Loan Loss Allowance$540,000
Unbacked Noncurrent Loans$685,000
Real Estate Owned$10,000
Historic Data - December 2012
Assets$119.05 million
Equity Capital$12.03 million
Loan Loss Allowance$673,000
Unbacked Noncurrent Loans$685,000
Real Estate Owned$34,000
Profit Margin - Quarterly
Net Interest Margin5.74%
Return on Assets0.11%
Return on Equity1.53%
Interest Income$3.97 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Eco Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Eco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Share Savings
0.40%$100k-Club Savings
0.40%--IRA Club
0.40%--Roth IRA Club
0.40%--CESA Club

Eco Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Magic

Eco Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Checking

Eco Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-5 Year CD
0.90%$1k-4 Year CD
0.75%$1k-3 Year CD
0.65%$1k-30 Month CD
0.60%$1k-2 Year CD
0.50%$1k-18 Month CD
0.40%$1k-1 Year CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Eco Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-5 Year IRA (Traditional,Roth,CESA)
0.90%$500-4 Year IRA (Traditional,Roth,CESA)
0.75%$500-3 Year IRA (Traditional,Roth,CESA)
0.65%$500-30 Month IRA (Traditional,Roth,CESA)
0.60%$500-2 Year IRA (Traditional,Roth,CESA)
0.50%$500-18 Month IRA (Traditional,Roth,CESA)
0.40%$500-1 Year IRA (Traditional,Roth,CESA)
Locations


Eco Credit Union Locations
Branch Office2430 Old Springville RdBirmingham, AL 35215
Branch Office4933 Promenade Pkwy Ste 113Bessemer, AL 35022-7317
Branch Office2100 18th St SBirmingham, AL 35209
Branch Office105 Frankfurt CirBirmingham, AL 35211-6978
Branch Office507 1st St NAlabaster, AL 35007-8755
Branch Office1233 Pecan AveGardendale, AL 35071
Branch Office3746 Lorna RdBirmingham, AL 35216