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Overview / Commentary
800-223-2177
5 Choke Cherry Road
Rockville, MD 20850

Energy Credit Union is headquartered in Rockville and is the 32nd largest credit union in the state of Maryland. It is also the 1,465th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 34 employees and 12,422 members. Energy Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of their Select Employee Groups. - See Details

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Health

Data for Q4 2013

Institution Health

B+

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 Energy Credit Union had $241,000 in non-current loans and owned real-estate with $8.52 million in equity and loan loss allowances on hand to cover it. This gives Energy Credit Union a Texas Ratio of 2.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Energy Credit Union decreased slightly from 3.79% as of December 31, 2012 to 2.83% as of December 31, 2013, resulting in a positive change of 25.31%.This indicates that the balance sheet and financial strength for Energy Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Energy Credit Union has decreased its total deposits by -$5.47 million, resulting in -5.5% 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 Energy Credit Union has shown is below average.

Capitalization

GRADE:
C

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. Energy Credit Union has $103.19 million in assets with $8.52 million in equity, resulting in a capitalization level of 8.25%, which is average.

Institution Statistics

Overall
NCUA #5631
Year Chartered1948
Employees34
Primary Regulator
Assets and Liabilities
Assets$103.19 million
Loans$51.97 million
Deposits$93.99 million
Equity Capital$7.82 million
Loan Loss Allowance$698,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$0
Historic Data - December 2012
Assets$108.03 million
Equity Capital$7.29 million
Loan Loss Allowance$762,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.66%
Return on Assets0.51%
Return on Equity6.78%
Interest Income$3.85 million
Rates
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Energy Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.21%$50-IRA Savings Account
0.21%$50-Roth IRA Savings Account
0.21%$50-Education IRA Savings Account
0.10%--Accumulator Savings Account
0.10%--Holiday Savings Account
0.02%$50-Membership Share Savings Account

Energy Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.12%$2,500-Money Market Account

Energy Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.01%$500-3 Month Term Share Certificate
0.01%$500-6 Month Term Share Certificate
0.01%$500-12 Month Term Share Certificate
0.01%$500-18 Month Term Share Certificate
0.01%$500-24 Month Term Share Certificate
0.01%$500-36 Month Term Share Certificate
0.01%$500-48 Month Term Share Certificate
0.01%$500-60 Month Term Share Certificate

Energy Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.46%$500-60 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-3 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-6 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-36 Month IRA Certificate (Traditional,Roth,CESA)
0.26%$500-48 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Energy Credit Union Locations
Branch Office19901 Germantown RdGermantown, MD 20874-1207
Branch Office1000 Independence Ave SWWashington, DC 20585-0001
Branch Office11545 Rockville PikeRockville, MD 20852
Branch Office5 Choke Cherry RdRockville, MD 20850-4004
Branch Office5 Choke Cherry Rd Suite 110Rockville, MD 20850-4004
Branch Office5 Choke Cherry RdRockville, MD 20850-4004