Gloucester Fire Department Credit Union
Fire Headquarters, 8 School St
Gloucester, MA 01930
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Gloucester Fire Department Credit Union is headquartered in Gloucester and is the 207th largest credit union in the state of Massachusetts. It is also the 6,937th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 1 employees and 102 members. Gloucester Fire Department Credit Union has a 5-star health rating.
Data for Q4 2011
Institution Statistics
| GLOUCESTER FIRE DEPARTMENT | | NCUA # | 67905 | | BankRate Report | View | | Year Chartered | 1938 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $518,000 | | Loans | $294,000 | | Deposits | $345,000 | | Equity Capital | $171,000 | | Loan Loss Allowance | $2,000 |
Historic Data - December 2010 | | Assets | $521,000 | | Equity Capital | $162,000 | | Loan Loss Allowance | $8,000 | | Unbacked Noncurrent Loans | $6,000 |
Profit Margin - Quarterly | | Net Interest Margin | 8.02% | | Return on Assets | 1.54% | | Return on Equity | 4.68% | | Interest Income | $29,000 |
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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 Gloucester Fire Department Credit Union had $0 in non-current loans and owned real-estate with $173,000 in equity and loan loss allowances on hand to cover it. This gives Gloucester Fire Department Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Gloucester Fire Department Credit Union has decreased its total deposits by $-12,000, resulting in -3.36% 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 Gloucester Fire Department Credit Union has shown is below 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. Gloucester Fire Department Credit Union has $518,000 in assets with $173,000 in equity, resulting in a capitalization level of 33.40%, which is excellent. |
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