E-LOAN.com

P.O. Box 690547
Orlando, FL 32869-0547
1-888-533-5333
www.eloan.com

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E-LOAN is a nationwide financial services company that is dedicated to providing consumers with a simple, easy and open way to obtain high yield savings accounts and CDs. Their web site also provides access to several preferred, nationally recognized lending partners that may be able to assist you in obtaining a loan that meets your financial needs.

Competitive Internet CD Rates Return to E-LOAN Bank - 5/30/2011

It has been a while since I had anything to report on E-LOAN . This internet bank became popular back in 2006 when they launhced an internet savings account with a 5.50% APY. There were hopes they wou ...

E-LOAN's CD Rates and Warnings About CD Maturity - 7/29/2009

E-LOAN has some competitive mid-term and long-term CD rates. These include a 2.47% APY 24-month CD and a 3.50% APY 60-month CD. Minimum deposit is $10,000. CD must be opened online, and it must be funded using an ACH transfer from an existing checking or...

E-LOAN and DCU Temporarily Waiving CD Early Withdrawal Penalties - 3/11/2009

E-LOAN is waiving CD early withdrawal penalties during March. They've been sending the following email to customers:For the entire month of March 2009, E-LOAN will waive its Early Withdrawal Penalty if you close your CD early. For many of our customers...

Update on E-LOAN's CD Promotion - 11/25/2008

E-LOAN continues to offer a $25 bonus for a one-year CD. In addition, the promotion offers a yield of 4.36% APY. Here's the link to the promotion page. The offer code is times25. The promotion is scheduled to last through 12/18/08.I first mentioned this...

2008

2007

2006

9/26 - New 5.50% Online Savings Account from E-LOAN

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See Rates for: Savings | CD

E-LOAN.com Savings Account Rates

Apy	Min	Max	Product
0.60%	$100k	-	Savings Plus
0.55%	$100k	-	Standard Savings

E-LOAN.com CD Rates

Apy	Min	Max	Product
1.70%	$10k	-	6 Year CD
1.60%	$10k	-	5 Year CD
1.20%	$10k	-	4 Year CD
1.05%	$10k	-	3 Year CD
0.90%	$10k	-	1 Year CD
0.90%	$10k	-	2 Year CD
0.85%	$10k	-	18 Month CD
0.60%	$10k	-	9 Month CD
0.50%	$10k	-	6 Month CD
0.35%	$10k	-	3 Month CD
0.20%	$10k	-	2 Month CD
0.15%	$10k	-	1 Month CD

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

Banco Popular North America
FDIC Certificate #	34967
BankRate Report	View
Year Established	1999
Employees	1402
Primary Regulator	FED
Assets and Liabilities
Assets	$8.74 billion
Loans	$5.70 billion
Deposits	$6.29 billion
Equity Capital	$1.64 billion
Loan Loss Allowance	$248.91 million
Unbacked Noncurrent Loans	$375.88 million
Real Estate Owned	$31.53 million
Historic Data - September 2010
Assets	$9.35 billion
Equity Capital	$1.51 billion
Loan Loss Allowance	$529.76 million
Unbacked Noncurrent Loans	$654.34 million
Real Estate Owned	$52.87 million
Profit Margin - Quarterly
Net Interest Margin	3.8%
Return on Assets	0.36%
Return on Equity	1.99%
Interest Income	$307.44 million

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 September 30, 2011 E-LOAN.com had $407.42 million in non-current loans and owned real-estate with $1.89 billion in equity and loan loss allowances on hand to cover it. This gives E-LOAN.com a Texas Ratio of 21.57% 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 E-LOAN.com decreased slightly from 35.12% as of September 30, 2010 to 21.57% as of September 30, 2011, resulting in a positive change of 38.58%.This indicates that the balance sheet and financial strength for E-LOAN.com has improved slightly in recent periods.
Deposit Growth
In the past year, E-LOAN.com has decreased its total deposits by -$540.92 million, resulting in -7.92% 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-LOAN.com 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-LOAN.com has $8.74 billion in assets with $1.89 billion in equity, resulting in a capitalization level of 21.60%, which is excellent.