El Monte City Employees Credit Union
El Monte City Employees Credit Union is headquartered in EL MONTE and is the 294th largest credit union in the state of California. It is also the 3,585th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 7 employees and 3,313 members. El Monte City Employees Credit Union has a 3-star health rating.
See Rates for: Savings |
Money Market |
CD
El Monte City Employees Credit Union Savings Account Rates
|
Apy | Min | Max | Product |
| 0.45% | $100 | - | IRA Shares |
| 0.20% | $2,500 | - | Regular Shares |
| 0.20% | - | - | Cub Club Shares |
El Monte City Employees Credit Union Money Market Rates
El Monte City Employees Credit Union CD Rates
|
Apy | Min | Max | Product |
| 1.00% | $100k | - | 12 Month CD |
| 0.90% | $2k | - | 24 Month CD |
| 0.60% | $2k | - | 18 Month CD |
| 0.45% | $50k | - | 6 Month CD |
| 0.20% | $2k | - | 3 Month CD |
Rates updated: 5/25/2012
Data for Q4 2011
Institution Statistics
| EL MONTE COMMUNITY CREDIT UNION | | NCUA # | 95072 | | BankRate Report | View | | Year Chartered | 1956 | | Employees | 7 | | Primary Regulator | |
Assets and Liabilities | | Assets | $19.63 million | | Loans | $10.59 million | | Deposits | $17.53 million | | Equity Capital | $1.99 million | | Loan Loss Allowance | $194,000 | | Unbacked Noncurrent Loans | $406,000 |
Historic Data - December 2010 | | Assets | $20.28 million | | Equity Capital | $1.91 million | | Loan Loss Allowance | $236,000 | | Unbacked Noncurrent Loans | $527,000 |
Profit Margin - Quarterly | | Net Interest Margin | 7.76% | | Return on Assets | 0.62% | | Return on Equity | 6.09% | | Interest Income | $975,000 | | Non-Interest Income | $172,000 |
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Institution Health
Overall Score:
3 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 El Monte City Employees Credit Union had $406,000 in non-current loans and owned real-estate with $2.18 million in equity and loan loss allowances on hand to cover it. This gives El Monte City Employees Credit Union a Texas Ratio of 18.62% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for El Monte City Employees Credit Union decreased slightly from 24.60% as of December 31, 2010 to 18.62% as of December 31, 2011, resulting in a positive change of 24.34%.This indicates that the balance sheet and financial strength for El Monte City Employees Credit Union has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, El Monte City Employees Credit Union has decreased its total deposits by $-654,000, resulting in -3.6% 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 El Monte City Employees Credit Union has shown is below average. | | 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. El Monte City Employees Credit Union has $19.63 million in assets with $2.18 million in equity, resulting in a capitalization level of 11.11%, which is above average. |
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