Flint Area School Employees Credit Union

Flint Area School Employees Credit Union Locations

P.O. Box 320830
Flint, MI 48532
800-369-2786
www.fasecu.org

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Flint Area School Employees Credit Union is headquartered in FLINT and is the 29^th largest credit union in the state of Michigan. It is also the 599^th largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 39 employees and 19,840 members. Flint Area School Employees Credit Union has a 5-star health rating.

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See Rates for: Checking | Savings | CD | IRA

Flint Area School Employees Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$100	-	Share Draft Account

Flint Area School Employees Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Regular Shares
0.15%	-	-	Christmas Club
0.15%	-	-	Summer Check Club
0.15%	-	-	Mortgage Payment Club
0.15%	-	-	Super Club
0.15%	-	-	Loan Pledge Club
0.15%	-	-	HSA Share Draft Account
0.15%	$2,500	-	HiFi Account
0.15%	-	-	IRA Savings
0.15%	-	-	Roth IRA Savings
0.15%	-	-	Coverdell Education Savings Account

Flint Area School Employees Credit Union CD Rates

Apy	Min	Max	Product
0.76%	$500	-	36 Month Interest Paid Monthly CD
0.76%	$500	-	36 Month Interest Paid Quarterly CD
0.76%	$500	-	36 Month Interest Paid & Compounded Quarterly CD
0.67%	$500	-	30 Month Interest Paid Monthly CD
0.67%	$500	-	30 Month Interest Paid Quarterly CD
0.67%	$500	-	30 Month Interest Paid & Compounded Quarterly CD
0.58%	$500	-	24 Month Interest Paid Monthly CD
0.58%	$500	-	24 Month Interest Paid Quarterly CD
0.58%	$500	-	24 Month Interest Paid & Compounded Quarterly CD
0.32%	$500	-	18 Month Interest Paid Monthly CD
0.32%	$500	-	18 Month Interest Paid Quarterly CD
0.32%	$500	-	18 Month Interest Paid & Compounded Quarterly CD
0.27%	$500	-	12 Month Interest Paid Monthly CD
0.27%	$500	-	12 Month Interest Paid Quarterly CD
0.27%	$500	-	12 Month Interest Paid & Compounded Quarterly CD
0.15%	$2,500	-	91 Day Interest Paid Monthly CD
0.15%	$2,500	-	182 Day Interest Paid Monthly CD
0.15%	$2,500	-	91 Day Interest Paid at Maturity CD
0.15%	$2,500	-	182 Day Interest Paid at Maturity CD

Flint Area School Employees Credit Union IRA Rates

Apy	Min	Max	Product
0.76%	$500	-	36 Month Interest Paid & Compounded Quarterly IRA
0.76%	$500	-	36 Month Interest Paid Monthly IRA
0.76%	$500	-	36 Month Interest Paid Quarterly IRA
0.76%	$500	-	36 Month Interest Paid & Compounded Quarterly Roth IRA
0.76%	$500	-	36 Month Interest Paid Monthly Roth IRA
0.76%	$500	-	36 Month Interest Paid Quarterly Roth IRA
0.76%	$500	-	36 Month Interest Paid & Compounded Quarterly CESA
0.76%	$500	-	36 Month Interest Paid Monthly CESA
0.76%	$500	-	36 Month Interest Paid Quarterly CESA
0.67%	$500	-	30 Month Interest Paid & Compounded Quarterly IRA
0.67%	$500	-	30 Month Interest Paid Monthly IRA
0.67%	$500	-	30 Month Interest Paid Quarterly IRA
0.67%	$500	-	30 Month Interest Paid & Compounded Quarterly Roth IRA
0.67%	$500	-	30 Month Interest Paid Monthly Roth IRA
0.67%	$500	-	30 Month Interest Paid Quarterly Roth IRA
0.67%	$500	-	30 Month Interest Paid & Compounded Quarterly CESA
0.67%	$500	-	30 Month Interest Paid Monthly CESA
0.67%	$500	-	30 Month Interest Paid Quarterly CESA
0.58%	$500	-	24 Month Interest Paid & Compounded Quarterly IRA
0.58%	$500	-	24 Month Interest Paid Monthly IRA
0.58%	$500	-	24 Month Interest Paid Quarterly IRA
0.58%	$500	-	24 Month Interest Paid & Compounded Quarterly Roth IRA
0.58%	$500	-	24 Month Interest Paid Monthly Roth IRA
0.58%	$500	-	24 Month Interest Paid Quarterly Roth IRA
0.58%	$500	-	24 Month Interest Paid & Compounded Quarterly CESA
0.58%	$500	-	24 Month Interest Paid Monthly CESA
0.58%	$500	-	24 Month Interest Paid Quarterly CESA
0.32%	$500	-	18 Month Interest Paid & Compounded Quarterly IRA
0.32%	$500	-	18 Month Interest Paid Monthly IRA
0.32%	$500	-	18 Month Interest Paid Quarterly IRA
0.32%	$500	-	18 Month Interest Paid & Compounded Quarterly Roth IRA
0.32%	$500	-	18 Month Interest Paid Monthly Roth IRA
0.32%	$500	-	18 Month Interest Paid Quarterly Roth IRA
0.32%	$500	-	18 Month Interest Paid & Compounded Quarterly CESA
0.32%	$500	-	18 Month Interest Paid Monthly CESA
0.32%	$500	-	18 Month Interest Paid Quarterly CESA
0.27%	$500	-	12 Month Interest Paid & Compounded Quarterly IRA
0.27%	$500	-	12 Month Interest Paid Monthly IRA
0.27%	$500	-	12 Month Interest Paid Quarterly IRA
0.27%	$500	-	12 Month Interest Paid & Compounded Quarterly Roth IRA
0.27%	$500	-	12 Month Interest Paid Monthly Roth IRA
0.27%	$500	-	12 Month Interest Paid Quarterly Roth IRA
0.27%	$500	-	12 Month Interest Paid & Compounded Quarterly CESA
0.27%	$500	-	12 Month Interest Paid Monthly CESA
0.27%	$500	-	12 Month Interest Paid Quarterly CESA

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

FLINT AREA SCHOOL EMPLOYEES
NCUA #	60666
BankRate Report	View
Year Chartered	1934
Employees	39
Primary Regulator
Assets and Liabilities
Assets	$327.15 million
Loans	$60.95 million
Deposits	$274.03 million
Equity Capital	$48.71 million
Loan Loss Allowance	$881,000
Unbacked Noncurrent Loans	$317,000
Historic Data - December 2010
Assets	$321.21 million
Equity Capital	$47.05 million
Loan Loss Allowance	$1.03 million
Unbacked Noncurrent Loans	$251,000
Profit Margin - Quarterly
Net Interest Margin	6.08%
Return on Assets	0.38%
Return on Equity	2.58%
Interest Income	$8.85 million
Non-Interest Income	$1.03 million

Institution Health

Overall Score:

5 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 Flint Area School Employees Credit Union had $317,000 in non-current loans and owned real-estate with $49.59 million in equity and loan loss allowances on hand to cover it. This gives Flint Area School Employees Credit Union a Texas Ratio of 0.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Flint Area School Employees Credit Union held steady from 0.52% as of December 31, 2010 to 0.64% as of December 31, 2011, resulting in a negative change of 22.46%. This indicates that the balance sheet and financial strength for Flint Area School Employees Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Flint Area School Employees Credit Union has increased its total deposits by $3.4 million, resulting in 1.26% 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 Flint Area School Employees Credit Union has shown is above average.
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. Flint Area School Employees Credit Union has $327.14 million in assets with $49.59 million in equity, resulting in a capitalization level of 15.16%, which is excellent.

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