First Credit Union Of Gainesville

First Credit Union Of Gainesville is headquartered in GAINESVILLE and is the 87^th largest credit union in the state of Florida. It is also the 2,325^th largest credit union in the nation. It was established in 1991 and as of December of 2011, it had grown to 18 employees and 5,377 members. First Credit Union Of Gainesville's savings rates are 2X the national average, but it has a 2-star health rating.

First Credit Union Of Gainesville Checking Account Rates

First Credit Union Of Gainesville Savings Account Rates

First Credit Union Of Gainesville CD Rates

First Credit Union Of Gainesville IRA Rates

Data for Q4 2011

Institution Statistics FIRST CREDIT UNION OF GAINESVILLE NCUA # 67432 BankRate Report View Year Chartered 1991 Employees 18 Primary Regulator Assets and Liabilities Assets $46.61 million Loans $30.03 million Deposits $42.20 million Equity Capital $4.06 million Loan Loss Allowance $191,000 Unbacked Noncurrent Loans $876,000 Historic Data - December 2010 Assets $49.93 million Equity Capital $4.02 million Loan Loss Allowance $341,000 Unbacked Noncurrent Loans $613,000 Profit Margin - Quarterly Net Interest Margin 6.95% Return on Assets 0.05% Return on Equity 0.57% Interest Income $2.24 million Non-Interest Income $616,000

Institution Health Overall Score: 2 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 First Credit Union Of Gainesville had $876,000 in non-current loans and owned real-estate with $4.25 million in equity and loan loss allowances on hand to cover it. This gives First Credit Union Of Gainesville a Texas Ratio of 20.62% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Credit Union Of Gainesville increased slightly from 14.04% as of December 31, 2010 to 20.62% as of December 31, 2011, resulting in a negative change of 46.84%. This indicates that the balance sheet and financial strength for First Credit Union Of Gainesville has declined slightly in recent periods. Deposit Growth In the past year, First Credit Union Of Gainesville has decreased its total deposits by -$3 million, resulting in -6.64% 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 First Credit Union Of Gainesville 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. First Credit Union Of Gainesville has $46.61 million in assets with $4.25 million in equity, resulting in a capitalization level of 9.11%, which is average.

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