General Mills Credit Union

General Mills Credit Union is headquartered in MINNETONKA and is the 14^st largest credit union in the state of Minnesota. It is also the 658^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 66 employees and 29,028 members. General Mills Credit Union has a 5-star health rating.

General Mills Credit Union Checking Account Rates

General Mills Credit Union Savings Account Rates

General Mills Credit Union Money Market Rates

General Mills Credit Union CD Rates

General Mills Credit Union IRA Rates

Data for Q4 2011

Institution Statistics GENERAL MILLS NCUA # 24444 BankRate Report View Year Chartered 1935 Employees 66 Primary Regulator Assets and Liabilities Assets $285.09 million Loans $159.34 million Deposits $254.98 million Equity Capital $28.24 million Loan Loss Allowance $1.45 million Unbacked Noncurrent Loans $1.48 million Real Estate Owned $464,000 Historic Data - December 2010 Assets $273.03 million Equity Capital $27.01 million Loan Loss Allowance $1.31 million Unbacked Noncurrent Loans $1.31 million Real Estate Owned $412,000 Profit Margin - Quarterly Net Interest Margin 4.74% Return on Assets 0.5% Return on Equity 5.05% Interest Income $10.34 million Non-Interest Income $3.04 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 General Mills Credit Union had $1.94 million in non-current loans and owned real-estate with $29.68 million in equity and loan loss allowances on hand to cover it. This gives General Mills Credit Union a Texas Ratio of 6.54% 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 General Mills Credit Union held steady from 6.08% as of December 31, 2010 to 6.54% as of December 31, 2011, resulting in a negative change of 7.49%. This indicates that the balance sheet and financial strength for General Mills Credit Union has held steady in recent periods. Deposit Growth In the past year, General Mills Credit Union has increased its total deposits by $10.32 million, resulting in 4.22% 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 General Mills 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. General Mills Credit Union has $285.09 million in assets with $29.68 million in equity, resulting in a capitalization level of 10.41%, which is above average.

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