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Overview / Commentary
410-838-9090
30 N Hickory Ave
Bel Air, MD 21014

Har-Co Credit Union is headquartered in BEL AIR and is the 26th 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 December of 2013, it had grown to 56 employees and 18,427 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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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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, 2013 Har-Co Credit Union had $1.66 million in non-current loans and owned real-estate with $16.74 million in equity and loan loss allowances on hand to cover it. This gives Har-Co Credit Union a Texas Ratio of 9.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Capitalization

GRADE:
C+

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 $185.06 million in assets with $16.74 million in equity, resulting in a capitalization level of 9.05%, which is average.

Institution Statistics

Overall
NCUA #68639
Year Chartered1955
Employees56
Primary Regulator
Assets and Liabilities
Assets$185.06 million
Loans$131.23 million
Deposits$167.47 million
Equity Capital$16.10 million
Loan Loss Allowance$641,000
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$170,000
Profit Margin - Quarterly
Net Interest Margin4.12%
Return on Assets0.14%
Return on Equity1.56%
Interest Income$6.11 million
Rates
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Har-Co Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.05%$2k-Money Market

Har-Co Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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
Locations

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