Grace Congregational Church Credit Union

Grace Congregational Church Credit Union is headquartered in New York and is the 419^st largest credit union in the state of New York. It is also the 7,104^th largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to employees and 165 members. Grace Congregational Church Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics GRACE CONGREGATIONAL CHURCH NCUA # 7883 BankRate Report View Year Chartered 1952 Employees 0 Primary Regulator Assets and Liabilities Assets $242,000 Loans $46,000 Deposits $145,000 Equity Capital $93,000 Loan Loss Allowance $1,000 Unbacked Noncurrent Loans $2,000 Historic Data - December 2010 Assets $236,000 Equity Capital $92,000 Loan Loss Allowance $2,000 Unbacked Noncurrent Loans $12,000 Profit Margin - Quarterly Net Interest Margin 10.87% Return on Assets 0% Return on Equity 0% Interest Income $6,000

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 Grace Congregational Church Credit Union had $2,000 in non-current loans and owned real-estate with $94,000 in equity and loan loss allowances on hand to cover it. This gives Grace Congregational Church Credit Union a Texas Ratio of 2.13% 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 Grace Congregational Church Credit Union decreased significantly from 12.77% as of December 31, 2010 to 2.13% as of December 31, 2011, resulting in a positive change of 83.33%.This indicates that the balance sheet and financial strength for Grace Congregational Church Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Grace Congregational Church Credit Union has increased its total deposits by $3,000, resulting in 2.11% 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 Grace Congregational Church 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. Grace Congregational Church Credit Union has $242,000 in assets with $94,000 in equity, resulting in a capitalization level of 38.84%, which is excellent.

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