Encompass Credit Union

Encompass Credit Union is headquartered in Tipton and is the 29^th largest credit union in the state of Indiana. It is also the 1,123^rd largest credit union in the nation. It was established in 1953 and as of December of 2012, it had grown to 34 employees and 16,823 members. Encompass Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.

Related Posts

Encompass Credit Union Checking Account Rates

Encompass Credit Union Savings Account Rates

Encompass Credit Union CD Rates

Data for Q4 2012

Institution Statistics ENCOMPASS NCUA # 8548 BankRate Report View Year Chartered 1953 Employees 34 Primary Regulator Assets and Liabilities Assets $147.07 million Loans $98.64 million Deposits $131.81 million Equity Capital $14.19 million Loan Loss Allowance $970,000 Unbacked Noncurrent Loans $655,000 Historic Data - December 2011 Assets $127.42 million Equity Capital $12.33 million Loan Loss Allowance $934,000 Unbacked Noncurrent Loans $563,000 Profit Margin - Quarterly Net Interest Margin 5.2% Return on Assets 1.2% Return on Equity 12.48% Interest Income $6.92 million Non-Interest Income $2.11 million

Institution Health Overall Score: 5 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, 2012 Encompass Credit Union had $655,000 in non-current loans and owned real-estate with $15.16 million in equity and loan loss allowances on hand to cover it. This gives Encompass Credit Union a Texas Ratio of 4.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Encompass Credit Union held steady from 4.25% as of December 31, 2011 to 4.32% as of December 31, 2012, resulting in a negative change of 1.74%. This indicates that the balance sheet and financial strength for Encompass Credit Union has held steady in recent periods. Deposit Growth In the past year, Encompass Credit Union has increased its total deposits by $17.86 million, resulting in 15.67% 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 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 $147.07 million in assets with $15.16 million in equity, resulting in a capitalization level of 10.31%, which is above average.

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