Glenview Credit Union

Glenview Credit Union Locations
1631 Waukegan Rd
Glenview, IL 60025
(847) 724-1800.
www.glenviewcu.org



Glenview Credit Union is headquartered in Glenview and is the 145th largest credit union in the state of Illinois. It is also the 4,113st largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 4 employees and 1,884 members. Glenview Credit Union has a 5-star health rating.



See Rates for: Checking | Savings | Money Market | CD | IRA

Glenview Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$1k-Check Plus Checking

Glenview Credit Union Savings Account Rates

ApyMinMaxProduct
0.10%$100-Savings Account
0.10%$100-Holiday Club
0.10%$100-Vacation Club

Glenview Credit Union Money Market Rates

ApyMinMaxProduct
0.15%$2,500-Money Market Account

Glenview Credit Union CD Rates

ApyMinMaxProduct
0.40%$500-24 Month Share Certificate
0.20%$500-12 Month Share Certificate

Glenview Credit Union IRA Rates

ApyMinMaxProduct
0.40%$500-24 Month IRA Certificate
0.20%$500-12 Month IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011


Institution Statistics


GLENVIEW
NCUA #62354
BankRate ReportView
Year Chartered1941
Employees4
Primary Regulator

Assets and Liabilities

Assets$13.82 million
Loans$3.49 million
Deposits$12.91 million
Equity Capital$890,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$14,000

Historic Data - December 2010

Assets$13.13 million
Equity Capital$851,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$24,000

Profit Margin - Quarterly

Net Interest Margin7%
Return on Assets0.28%
Return on Equity4.38%
Interest Income$412,000
Non-Interest Income$220,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Glenview Credit Union had $14,000 in non-current loans and owned real-estate with $912,000 in equity and loan loss allowances on hand to cover it. This gives Glenview Credit Union a Texas Ratio of 1.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Glenview Credit Union decreased significantly from 2.75% as of December 31, 2010 to 1.54% as of December 31, 2011, resulting in a positive change of 44.16%.This indicates that the balance sheet and financial strength for Glenview Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Glenview Credit Union has increased its total deposits by $635,000, resulting in 5.17% 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 Glenview Credit Union has shown is excellent.
Capitalization2
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. Glenview Credit Union has $13.82 million in assets with $912,000 in equity, resulting in a capitalization level of 6.60%, which is below average.
Write Review

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