Financial Benefits Credit Union is headquartered in Alameda and is the 280th largest credit union in the state of California. It is also the 3,584th largest credit union in the nation. It was established in 1931 and as of December of 2013, it had grown to 5 employees and 2,776 members. Financial Benefits Credit Union has a C+ health rating.
Must live or work in the City of Alameda or be an employee of any company belonging to the Better Business Bureau of Northern California or the Emeryville Chamber of Commerce. - See Details
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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 Financial Benefits Credit Union had $0 in non-current loans and owned real-estate with $1.63 million in equity and loan loss allowances on hand to cover it. This gives Financial Benefits Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Financial Benefits Credit Union has decreased its total deposits by $-622,000, resulting in -3.43% 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 Financial Benefits Credit Union has shown is below average.
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. Financial Benefits Credit Union has $19.13 million in assets with $1.63 million in equity, resulting in a capitalization level of 8.54%, which is average.
|Assets and Liabilities|
|Equity Capital||$1.57 million|
|Loan Loss Allowance||$60,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$1.50 million|
|Loan Loss Allowance||$86,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||6.03%|
|Return on Assets||0.4%|
|Return on Equity||4.89%|
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|0.40%||-||-||IRA Share Account|
|0.40%||-||-||Roth IRA Share Account|
|0.40%||-||-||Educational Savings Account|
|0.25%||$25||-||Youth Share (ages 0 - 12)|
|0.25%||$25||-||Teen Share (ages 13 - 17)|
|0.15%||-||-||Christmas Club Account|
|0.10%||$300||-||Membership Share Account|
|0.15%||$2,500||-||Market Daily Account|
|0.05%||$1k||-||Share Draft Account|
|0.80%||$300||-||36 Month CD|
|0.60%||$300||-||24 Month CD|
|0.40%||$300||-||12 Month CD|
|0.30%||$300||-||6 Month CD|
|0.20%||$300||-||3 Month CD|
|0.90%||$300||-||36 Month IRA Certificate (Traditional,CESA,Roth)|
|0.70%||$300||-||24 Month IRA Certificate (Traditional,CESA,Roth)|
|0.50%||$300||-||12 Month IRA Certificate (Traditional,CESA,Roth)|
|Financial Benefits Credit Union Locations|
|Branch Office||1528 Webster St||Alameda, CA 94501|