Harrison District No 2 Credit Union

Harrison District No 2 Credit Union is headquartered in COLORADO SPRING and is the 67^th largest credit union in the state of Colorado. It is also the 4,324^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 4 employees and 1,706 members. Harrison District No 2 Credit Union has a 5-star health rating.

Harrison District No 2 Credit Union Savings Account Rates

Harrison District No 2 Credit Union Money Market Rates

Harrison District No 2 Credit Union CD Rates

Harrison District No 2 Credit Union IRA Rates

Data for Q4 2011

Institution Statistics HARRISON DISTRICT NO 2 NCUA # 12056 BankRate Report View Year Chartered 1957 Employees 4 Primary Regulator Assets and Liabilities Assets $12.07 million Loans $5.05 million Deposits $10.08 million Equity Capital $1.94 million Loan Loss Allowance $30,000 Unbacked Noncurrent Loans $42,000 Historic Data - December 2010 Assets $11.39 million Equity Capital $1.95 million Loan Loss Allowance $54,000 Unbacked Noncurrent Loans $25,000 Profit Margin - Quarterly Net Interest Margin 6.22% Return on Assets -0.12% Return on Equity -0.72% Interest Income $389,000 Non-Interest Income $81,000

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 Harrison District No 2 Credit Union had $42,000 in non-current loans and owned real-estate with $1.97 million in equity and loan loss allowances on hand to cover it. This gives Harrison District No 2 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 Harrison District No 2 Credit Union held steady from 1.25% as of December 31, 2010 to 2.13% as of December 31, 2011, resulting in a negative change of 71.24%. This indicates that the balance sheet and financial strength for Harrison District No 2 Credit Union has held steady in recent periods. Deposit Growth In the past year, Harrison District No 2 Credit Union has increased its total deposits by $680,000, resulting in 7.24% 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 Harrison District No 2 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. Harrison District No 2 Credit Union has $12.06 million in assets with $1.97 million in equity, resulting in a capitalization level of 16.33%, which is excellent.

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