G G W Credit Union

G G W Credit Union is headquartered in New Orleans and is the 196^th largest credit union in the state of Louisiana. It is also the 6,801^st largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to 1 employees and 243 members. G G W Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics G G W NCUA # 15588 BankRate Report View Year Chartered 1963 Employees 1 Primary Regulator Assets and Liabilities Assets $800,000 Loans $404,000 Deposits $582,000 Equity Capital $217,000 Loan Loss Allowance $7,000 Unbacked Noncurrent Loans $1,000 Historic Data - December 2010 Assets $736,000 Equity Capital $216,000 Loan Loss Allowance $11,000 Unbacked Noncurrent Loans $7,000 Profit Margin - Quarterly Net Interest Margin 10.11% Return on Assets 0.38% Return on Equity 1.38% Interest Income $45,000 Non-Interest Income $1,000

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 G G W Credit Union had $1,000 in non-current loans and owned real-estate with $224,000 in equity and loan loss allowances on hand to cover it. This gives G G W Credit Union a Texas Ratio of 0.45% 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 G G W Credit Union decreased significantly from 3.08% as of December 31, 2010 to 0.45% as of December 31, 2011, resulting in a positive change of 85.52%.This indicates that the balance sheet and financial strength for G G W Credit Union has improved significantly in recent periods. Deposit Growth In the past year, G G W Credit Union has increased its total deposits by $63,000, resulting in 12.14% 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 G G W Credit Union has shown is excellent. 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. G G W Credit Union has $800,000 in assets with $224,000 in equity, resulting in a capitalization level of 28.00%, which is excellent.

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