Institution Statistics
| GLOVER | | NCUA # | 12613 | | BankRate Report | View | | Year Chartered | 1958 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $4.74 million | | Loans | $211,000 | | Deposits | $4.17 million | | Equity Capital | $573,000 | | Loan Loss Allowance | $10,000 | | Unbacked Noncurrent Loans | $2,000 |
Historic Data - December 2011 | | Assets | $4.41 million | | Equity Capital | $548,000 | | Loan Loss Allowance | $13,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.72% | | Return on Assets | 0.53% | | Return on Equity | 4.36% | | Interest Income | $89,000 | | Non-Interest Income | $3,000 |
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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, 2012 Glover Credit Union had $2,000 in non-current loans and owned real-estate with $583,000 in equity and loan loss allowances on hand to cover it. This gives Glover Credit Union a Texas Ratio of 0.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Glover Credit Union has increased its total deposits by $303,000, resulting in 7.84% 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 Glover 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. Glover Credit Union has $4.74 million in assets with $583,000 in equity, resulting in a capitalization level of 12.30%, which is excellent. |
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