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Educational Community Alliance Credit Union

Overview / Commentary
419-381-2323
3845 Angola Rd
Toledo, OH 43615

Educational Community Alliance Credit Union is headquartered in Toledo and is the 103rd largest credit union in the state of Ohio. It is also the 2,450th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 14 employees and 6,093 members. Educational Community Alliance Credit Union has a B+ health rating.

Field of Membership Restrictions

We invite anyone employed in or retired from any position within the education industry to join Educational Community Alliance Credit Union. You may work for (or have retired from) any school district, college or university in the Toledo and surrounding area. You may currently work (or retired) as a teacher, administrator, bus driver, cafeteria worker, or coach (to name a few) to be eligible for membership. Or, if you are the immediate family member of an Educational Community Alliance Credit Union member, you may also join. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Educational Community Alliance Credit Union has a low asset base.

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 Educational Community Alliance Credit Union had $127,000 in non-current loans and owned real-estate with $4.75 million in equity and loan loss allowances on hand to cover it. This gives Educational Community Alliance Credit Union a Texas Ratio of 2.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Educational Community Alliance Credit Union decreased dramatically from 5.30% as of March 31, 2013 to 2.67% as of March 31, 2014, resulting in a positive change of 49.63%.This indicates that the balance sheet and financial strength for Educational Community Alliance Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Educational Community Alliance Credit Union has increased its total deposits by $196,000, resulting in 0.5% 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 Educational Community Alliance Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. Educational Community Alliance Credit Union has $44.35 million in assets with $4.75 million in equity, resulting in a capitalization level of 10.72%, which is above average.

Institution Statistics

Overall
NCUA #68181
Year Chartered1934
Employees14
Primary Regulator
Assets and Liabilities
Assets$44.35 million
Loans$22.02 million
Deposits$39.13 million
Equity Capital$4.57 million
Loan Loss Allowance$185,000
Unbacked Noncurrent Loans$106,000
Real Estate Owned$21,000
Historic Data - March 2013
Assets$44.36 million
Equity Capital$4.76 million
Loan Loss Allowance$201,000
Unbacked Noncurrent Loans$106,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.46%
Return on Assets0.23%
Return on Equity2.28%
Interest Income$383,000
Rates

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

Educational Community Alliance Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Savings
0.25%--Coverdell Education Savings (ESA)
0.25%--Roth IRA Savings
0.25%--SEP IRA Savings
0.10%--Share Savings
0.10%--Vacation Club
0.10%--Holiday Club
0.10%--Special Share Savings

Educational Community Alliance Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Extra Credit Money Market Savings

Educational Community Alliance Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$5kUltimate Rewards Checking - Qualifying
0.05%--Checking Account
0.05%--Ultimate Rewards Checking - Non Qualifying

Educational Community Alliance Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-48 Month CD - Paid Monthly
1.00%$500-48 Month CD - Paid Quarterly
0.75%$500-36 Month CD - Paid Monthly
0.75%$500-36 Month CD - Paid Quarterly
0.40%$500-24 Month CD - Paid Monthly
0.40%$500-24 Month CD - Paid Quarterly
0.30%$500-18 Month CD - Paid Monthly
0.30%$500-18 Month CD - Paid Quarterly
0.20%$500-12 Month CD - Paid Monthly
0.20%$500-12 Month CD - Paid Quarterly
0.15%$500-6 Month CD - Paid Monthly
0.15%$500-9 Month CD - Paid Monthly
0.15%$500-6 Month CD - Paid Quarterly
0.15%$500-9 Month CD - Paid Quarterly

Educational Community Alliance Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-48 Month CESA
1.00%$500-48 Month IRA - Paid Monthly
1.00%$500-48 Month IRA - Paid Quarterly
0.75%$500-36 Month CESA
0.75%$500-36 Month IRA - Paid Monthly
0.75%$500-36 Month IRA - Paid Quarterly
0.40%$500-24 Month CESA
0.40%$500-24 Month IRA - Paid Monthly
0.40%$500-24 Month IRA - Paid Quarterly
0.30%$500-18 Month CESA
0.30%$500-18 Month IRA - Paid Monthly
0.30%$500-18 Month IRA - Paid Quarterly
0.20%$500-12 Month CESA
0.20%$500-12 Month IRA - Paid Monthly
0.20%$500-12 Month IRA - Paid Quarterly
0.15%$500-6 Month CESA
0.15%$500-9 Month CESA
0.15%$500-6 Month IRA - Paid Monthly
0.15%$500-6 Month IRA - Paid Quarterly
0.15%$500-9 Month IRA - Paid Monthly
0.15%$500-9 Month IRA - Paid Quarterly
Locations


Educational Community Alliance Credit Union Locations
Branch Office3845 Angola RdToledo, OH 43615
Branch Office3384 Elm StToledo, OH 43608