Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Fort Morgan Schools Credit Union

Fort Morgan Schools Credit Union
Overview / Commentary
P.O. Box 547
Fort Morgan, CO 80701

Fort Morgan Schools Credit Union is headquartered in Fort Morgan and is the 82nd largest credit union in the state of Colorado. It is also the 5,391st largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 609 members. Fort Morgan Schools Credit Union has a C+ health rating.

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



Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Fort Morgan Schools Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Fort Morgan Schools Credit Union had $12,000 in non-current loans and owned real-estate with $744,000 in equity and loan loss allowances on hand to cover it. This gives Fort Morgan Schools Credit Union a Texas Ratio of 1.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Fort Morgan Schools Credit Union decreased dramatically from 3.27% as of March 31, 2013 to 1.61% as of March 31, 2014, resulting in a positive change of 50.65%.This indicates that the balance sheet and financial strength for Fort Morgan Schools Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Fort Morgan Schools Credit Union has decreased its total deposits by $-337,000, resulting in -8.19% 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 Fort Morgan Schools Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. Fort Morgan Schools Credit Union has $4.48 million in assets with $744,000 in equity, resulting in a capitalization level of 16.62%, which is excellent.

Institution Statistics

Overall
NCUA #10180
Year Chartered1955
Employees0
Primary Regulator
Assets and Liabilities
Assets$4.48 million
Loans$2.40 million
Deposits$3.78 million
Equity Capital$694,000
Loan Loss Allowance$50,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.83 million
Equity Capital$711,000
Loan Loss Allowance$54,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.96%
Return on Assets0%
Return on Equity0%
Interest Income$28,000
Rates

Sorry, we do not have rate data for Fort Morgan Schools Credit Union

Locations


Fort Morgan Schools Credit Union Locations
Branch Office300 Deuel StFort Morgan, CO 80701