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Overview / Commentary
719-527-1358
1060 Harrison Rd
Colorado Spring, CO 80905

Harrison District No 2 Credit Union is headquartered in Colorado Springs and is the 65th largest credit union in the state of Colorado. It is also the 4,270th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 4 employees and 1,664 members. Harrison District No 2 Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee or a student of Harrison School District #2. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Harrison District No 2 Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Harrison District No 2 Credit Union had $16,000 in non-current loans and owned real-estate with $1.86 million in equity and loan loss allowances on hand to cover it. This gives Harrison District No 2 Credit Union a Texas Ratio of 0.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Harrison District No 2 Credit Union experienced no significant changes from 0.26% as of March 31, 2013 to 0.86% as of March 31, 2014, resulting in a negative change of 233.27%. This indicates that the balance sheet and financial strength for Harrison District No 2 Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Harrison District No 2 Credit Union has decreased its total deposits by $-45,000, resulting in -0.45% 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 average.

Capitalization

GRADE:
A+

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 $11.92 million in assets with $1.86 million in equity, resulting in a capitalization level of 15.59%, which is excellent.

Institution Statistics

Overall
NCUA #12056
Year Chartered1957
Employees4
Primary Regulator
Assets and Liabilities
Assets$11.92 million
Loans$5.01 million
Deposits$10.06 million
Equity Capital$1.82 million
Loan Loss Allowance$42,000
Unbacked Noncurrent Loans$16,000
Real Estate Owned$0
Historic Data - March 2013
Assets$12.06 million
Equity Capital$1.92 million
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$16,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.46%
Return on Assets-0.37%
Return on Equity-2.42%
Interest Income$85,000
Rates
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Harrison District No 2 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Christmas Club Account
0.10%--Share Savings Account
0.10%--IRA Savings Account
0.10%--Roth IRA Savings Account
0.10%--Education IRA Savings Account

Harrison District No 2 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$1k-Money Market Account

Harrison District No 2 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-48 Month Share Certificate
0.99%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.30%$500-6 Month Share Certificate

Harrison District No 2 Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-48 Month IRA Certificate
0.99%$500-36 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
0.30%$500-6 Month IRA Certificate
Locations


Harrison District No 2 Credit Union Locations
Branch Office1060 Harrison RdColorado Springs, CO 80905