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765-675-8848
P.O. Box 100
Tipton, IN 46072

Encompass Credit Union is headquartered in Tipton and is the 26th largest credit union in the state of Indiana. It is also the 1,067th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 37 employees and 16,776 members. Encompass Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership in Encompass Credit Union is open to anyone who lives, works, worships, or attends school in Tipton or Clinton County, Indiana. Businesses and organizations can join as well. To become a member, simply open a savings account with a minimum deposit of $5 at any of our 3 locations. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Encompass Credit Union had $741,000 in non-current loans and owned real-estate with $16.59 million in equity and loan loss allowances on hand to cover it. This gives Encompass Credit Union a Texas Ratio of 4.47% 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 Encompass Credit Union experienced no significant changes from 4.32% as of December 31, 2012 to 4.47% as of December 31, 2013, resulting in a negative change of 3.39%. This indicates that the balance sheet and financial strength for Encompass Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Encompass Credit Union has increased its total deposits by $13.51 million, resulting in 10.25% 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 Encompass Credit Union has shown is excellent.

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. Encompass Credit Union has $161.82 million in assets with $16.59 million in equity, resulting in a capitalization level of 10.25%, which is above average.

Institution Statistics

Overall
NCUA #8548
Year Chartered1953
Employees37
Primary Regulator
Assets and Liabilities
Assets$161.82 million
Loans$106.59 million
Deposits$145.32 million
Equity Capital$15.33 million
Loan Loss Allowance$1.26 million
Unbacked Noncurrent Loans$741,000
Real Estate Owned$0
Historic Data - December 2012
Assets$147.07 million
Equity Capital$14.19 million
Loan Loss Allowance$970,000
Unbacked Noncurrent Loans$741,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.04%
Return on Assets0.7%
Return on Equity7.42%
Interest Income$7.00 million
Rates
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Encompass Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--IRA - monthly adjustable
0.25%--Regular Savings
0.25%--Christmas Club
0.25%--Vacation Club

Encompass Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Draft Checking

Encompass Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-36 Month CD
1.51%$500-48 Month CD
1.51%$500-60 Month CD
1.25%$500-24 Month CD
1.00%$500-18 Month CD
0.75%$500-12 Month CD
0.50%$500-6 Month CD
Locations


Encompass Credit Union Locations
Branch Office201 N Main StTipton, IN 46072
Branch Office2115 W Holiday RdFrankfort, IN 46041-9100
Branch Office1600 N A StElwood, IN 46036