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Healthcare Associates Credit Union

Overview / Commentary
800-942-0158
1151 E Warrenville Road
Naperville, IL 60563

Healthcare Associates Credit Union is headquartered in Naperville and is the 25th largest credit union in the state of Illinois. It is also the 742nd largest credit union in the nation. It was established in 1979 and as of December of 2013, it had grown to 67 employees and 37,545 members. Healthcare Associates Credit Union has a A health rating.

Field of Membership Restrictions

Must be a member or employee of Illinois Hospital Association, American College of Foot and Ankle Surgeons, Illinois Academy of Family Physicians, Pain Care America or one of HealthCare Associates Credit Union's designated Select Employee Groups. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Healthcare Associates Credit Union had $2.53 million in non-current loans and owned real-estate with $39.88 million in equity and loan loss allowances on hand to cover it. This gives Healthcare Associates Credit Union a Texas Ratio of 6.35% 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 Healthcare Associates Credit Union experienced no significant changes from 5.88% as of December 31, 2012 to 6.35% as of December 31, 2013, resulting in a negative change of 8.06%. This indicates that the balance sheet and financial strength for Healthcare Associates Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Healthcare Associates Credit Union has increased its total deposits by $5.81 million, resulting in 2.6% 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 Healthcare Associates Credit Union has shown is above 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. Healthcare Associates Credit Union has $267.92 million in assets with $39.88 million in equity, resulting in a capitalization level of 14.88%, which is excellent.

Institution Statistics

Overall
NCUA #65421
Year Chartered1979
Employees67
Primary Regulator
Assets and Liabilities
Assets$267.92 million
Loans$164.79 million
Deposits$229.61 million
Equity Capital$36.95 million
Loan Loss Allowance$2.93 million
Unbacked Noncurrent Loans$2.53 million
Real Estate Owned$0
Historic Data - December 2012
Assets$259.80 million
Equity Capital$34.37 million
Loan Loss Allowance$2.58 million
Unbacked Noncurrent Loans$2.53 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.13%
Return on Assets0.88%
Return on Equity6.4%
Interest Income$9.58 million
Rates
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Healthcare Associates Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Savings Account

Healthcare Associates Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Super Money Market
0.25%$25k-Money Market Account

Healthcare Associates Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$25k-3 Year CD
0.50%$25k-2 Year CD
0.35%$25k-1 Year CD
0.25%$25k-6 Month CD

Healthcare Associates Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$25k-3 Year IRA (Traditional,Roth)
0.70%$25k-3 Year CESA
0.50%$25k-2 Year IRA (Traditional,Roth)
0.50%$25k-2 Year CESA
0.35%$25k-1 Year IRA (Traditional,Roth)
0.35%$25k-1 Year CESA
Locations


Healthcare Associates Credit Union Locations
Branch Office9640 S Pulaski RdOak Lawn, IL 60453-3391
Branch Office249 S River RdDes Plaines, IL 60016
Branch Office1151 E Warrenville RdNaperville, IL 60563-9339
Branch Office27W460 Chicago Ave Ste AWinfield, IL 60190