Filene Credit Union

Filene Credit Union is headquartered in Boston and is the 107^th largest credit union in the state of Massachusetts. It is also the 3,590^th largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 5 employees and 1,633 members. Filene Credit Union has a 3-star health rating.

Filene Credit Union Routing Number: 211080916

Filene Credit Union Savings Account Rates

Filene Credit Union Money Market Rates

Filene Credit Union CD Rates

Filene Credit Union IRA Rates

Data for Q4 2011

Institution Statistics FILENE NCUA # 24504 BankRate Report View Year Chartered 1934 Employees 5 Primary Regulator Assets and Liabilities Assets $19.53 million Loans $12.30 million Deposits $17.61 million Equity Capital $1.82 million Loan Loss Allowance $259,000 Unbacked Noncurrent Loans $762,000 Historic Data - December 2010 Assets $21.05 million Equity Capital $2.33 million Loan Loss Allowance $242,000 Unbacked Noncurrent Loans $1.44 million Profit Margin - Quarterly Net Interest Margin 4.79% Return on Assets -2.61% Return on Equity -28.04% Interest Income $795,000 Non-Interest Income $119,000

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 Filene Credit Union had $762,000 in non-current loans and owned real-estate with $2.08 million in equity and loan loss allowances on hand to cover it. This gives Filene Credit Union a Texas Ratio of 36.67% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Filene Credit Union decreased slightly from 55.83% as of December 31, 2010 to 36.67% as of December 31, 2011, resulting in a positive change of 34.32%.This indicates that the balance sheet and financial strength for Filene Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Filene Credit Union has decreased its total deposits by $-971,000, resulting in -5.23% 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 Filene Credit Union 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. Filene Credit Union has $19.53 million in assets with $2.08 million in equity, resulting in a capitalization level of 10.64%, which is above average.

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