Gates Chili Credit Union

Gates Chili Credit Union is headquartered in Rochester and is the 182^nd largest credit union in the state of New York. It is also the 3,606^th largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 5 employees and 2,380 members. Gates Chili Credit Union has a 5-star health rating.

Gates Chili Credit Union Savings Account Rates

Gates Chili Credit Union Money Market Rates

Gates Chili Credit Union CD Rates

Gates Chili Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GATES CHILI NCUA # 16236 BankRate Report View Year Chartered 1964 Employees 5 Primary Regulator Assets and Liabilities Assets $19.31 million Loans $10.27 million Deposits $17.96 million Equity Capital $1.32 million Loan Loss Allowance $34,000 Unbacked Noncurrent Loans $54,000 Historic Data - December 2010 Assets $18.35 million Equity Capital $1.28 million Loan Loss Allowance $32,000 Unbacked Noncurrent Loans $79,000 Profit Margin - Quarterly Net Interest Margin 5.16% Return on Assets 0.19% Return on Equity 2.81% Interest Income $698,000 Non-Interest Income $161,000

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 Gates Chili Credit Union had $54,000 in non-current loans and owned real-estate with $1.35 million in equity and loan loss allowances on hand to cover it. This gives Gates Chili Credit Union a Texas Ratio of 4.00% 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 Gates Chili Credit Union decreased slightly from 6.02% as of December 31, 2010 to 4.00% as of December 31, 2011, resulting in a positive change of 33.62%.This indicates that the balance sheet and financial strength for Gates Chili Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Gates Chili Credit Union has increased its total deposits by $959,000, resulting in 5.64% 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 Gates Chili 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. Gates Chili Credit Union has $19.31 million in assets with $1.35 million in equity, resulting in a capitalization level of 7.00%, which is below average.

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