Financial Partners Credit Union is headquartered in Woodburn and is the 83rd largest credit union in the state of Indiana. It is also the 3,204th largest credit union in the nation. It was established in 1965 and as of June of 2013, it had grown to 11 employees and 3,615 members. Financial Partners Credit Union has a A+ health rating.
Must live or work in Cedar Creek, Springfield, Scipio, Milan, Maumee, Jefferson, Jackson, Marion, Madison or Monroe Township in East Allen County. - See Details
No reviews have been left for this bank yet. Be the first to review.
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 June 30, 2013 Financial Partners Credit Union had $82,000 in non-current loans and owned real-estate with $2.55 million in equity and loan loss allowances on hand to cover it. This gives Financial Partners Credit Union a Texas Ratio of 3.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Financial Partners Credit Union held steady from 1.41% as of June 30, 2012 to 3.22% as of June 30, 2013, resulting in a negative change of 128.60%. This indicates that the balance sheet and financial strength for Financial Partners Credit Union has held steady in recent periods.
In the past year, Financial Partners Credit Union has increased its total deposits by $2.2 million, resulting in 10.62% 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 Partners Credit Union has shown is excellent.
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 Partners Credit Union has $25.45 million in assets with $2.55 million in equity, resulting in a capitalization level of 10.02%, which is above average.
|Assets and Liabilities|
|Equity Capital||$2.42 million|
|Loan Loss Allowance||$128,000|
|Unbacked Noncurrent Loans||$66,000|
|Real Estate Owned||$16,000|
|Historic Data - June 2012|
|Equity Capital||$2.32 million|
|Loan Loss Allowance||$96,000|
|Unbacked Noncurrent Loans||$66,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.3%|
|Return on Assets||0.26%|
|Return on Equity||2.73%|
Always verify rates and promotions with the bank or credit union. We are not Financial Partners Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.30%||-||-||IRA Share Savings Account|
|0.20%||-||-||Junior Partners Account|
|0.10%||-||-||Holiday Share Account|
|0.05%||$250||-||Share Savings Account|
|1.05%||-||-||60 Month Certificate|
|0.90%||-||-||48 Month Certificate|
|0.65%||-||-||36 Month Certificate|
|0.45%||-||-||24 Month Certificate|
|0.30%||-||-||18 Month Certificate|
|0.20%||-||-||1 Week Super Seven Certificate|
|0.17%||-||-||12 Month Certificate|
|0.10%||-||-||6 Month Certificate|
|1.15%||-||-||60 Month IRA Certificate|
|1.15%||-||-||60 Month Roth IRA Certificate|
|1.15%||-||-||60 Month Educational IRA Certificate|
|1.00%||-||-||48 Month IRA Certificate|
|1.00%||-||-||48 Month Roth IRA Certificate|
|1.00%||-||-||48 Month Educational IRA Certificate|
|0.75%||-||-||36 Month IRA Certificate|
|0.75%||-||-||36 Month Roth IRA Certificate|
|0.75%||-||-||36 Month Educational IRA Certificate|
|0.55%||-||-||24 Month IRA Certificate|
|0.55%||-||-||24 Month Roth IRA Certificate|
|0.55%||-||-||24 Month Educational IRA Certificate|
|0.27%||-||-||12 Month IRA Certificate|
|0.27%||-||-||12 Month Roth IRA Certificate|
|0.27%||-||-||12 Month Educational IRA Certificate|
|Financial Partners Credit Union Locations|
|Branch Office||13309 Witmer Rd||Grabill, IN 46741|
|Branch Office||22440 Main St||Woodburn, IN 46797|