Har-Co Credit Union is headquartered in BEL AIR and is the 27th largest credit union in the state of Maryland. It is also the 967th largest credit union in the nation. It was established in 1955 and as of September of 2013, it had grown to 54 employees and 18,782 members. Har-Co Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be a household with children in any Harford County School. - See Details
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Data for Q3 2013
Institution Health
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 September 30, 2013 Har-Co Credit Union had $1.82 million in non-current loans and owned real-estate with $16.67 million in equity and loan loss allowances on hand to cover it. This gives Har-Co Credit Union a Texas Ratio of 10.89% 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 Har-Co Credit Union increased slightly from 0.00% as of January 1, 0001 to 10.89% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Har-Co Credit Union has declined slightly in recent periods.
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. Har-Co Credit Union has $185.27 million in assets with $16.67 million in equity, resulting in a capitalization level of 9.00%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68639 |
| Year Chartered | 1955 |
| Employees | 54 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $185.27 million |
| Loans | $128.02 million |
| Deposits | $168.09 million |
| Equity Capital | $16.05 million |
| Loan Loss Allowance | $621,000 |
| Unbacked Noncurrent Loans | $1.82 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.15% |
| Return on Assets | 0.11% |
| Return on Equity | 1.3% |
| Interest Income | $4.55 million |
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Har-Co Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Savings | |
| 0.05% | - | - | IRA Account | |
| 0.05% | - | - | Roth IRA Account | |
| 0.05% | - | - | CESA Account | |
| 0.05% | - | - | Special Shares | |
| 0.05% | - | - | Holiday Account |
Har-Co Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | $2k | - | Money Market |
Har-Co Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $500 | - | 60 Month CD | |
| 0.45% | $500 | - | 48 Month CD | |
| 0.25% | $500 | - | 36 Month CD | |
| 0.20% | $500 | - | 24 Month CD | |
| 0.20% | $500 | - | 30 Month CD | |
| 0.15% | $500 | - | 18 Month CD | |
| 0.10% | $500 | - | 12 Month CD | |
| 0.05% | $500 | - | 3 Month CD | |
| 0.05% | $500 | - | 6 Month CD |
Sorry, but we do not have location data for Har-Co Credit Union. Its headquarters is located at 30 N Hickory Ave - Bel Air, MD 21014