Heartland CU (MN)

Heartland CU (MN) is headquartered in Saint Paul and is the 36^th largest credit union in the state of Minnesota. It is also the 1,552^nd largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 21 employees and 8,887 members. Heartland CU (MN) has a 4-star health rating.

Heartland CU (MN) Checking Account Rates

Heartland CU (MN) Savings Account Rates

Heartland CU (MN) Money Market Rates

Heartland CU (MN) CD Rates

Heartland CU (MN) IRA Rates

Data for Q4 2011

Institution Statistics HEARTLAND NCUA # 64168 BankRate Report View Year Chartered 1939 Employees 21 Primary Regulator Assets and Liabilities Assets $86.37 million Loans $56.27 million Deposits $78.30 million Equity Capital $7.48 million Loan Loss Allowance $1.10 million Unbacked Noncurrent Loans $1.35 million Historic Data - December 2010 Assets $81.82 million Equity Capital $6.95 million Loan Loss Allowance $1.17 million Unbacked Noncurrent Loans $1.23 million Profit Margin - Quarterly Net Interest Margin 5.78% Return on Assets 0.47% Return on Equity 5.39% Interest Income $3.60 million Non-Interest Income $931,000

Institution Health Overall Score: 4 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 Heartland CU (MN) had $1.35 million in non-current loans and owned real-estate with $8.58 million in equity and loan loss allowances on hand to cover it. This gives Heartland CU (MN) a Texas Ratio of 15.74% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Heartland CU (MN) held steady from 15.11% as of December 31, 2010 to 15.74% as of December 31, 2011, resulting in a negative change of 4.14%. This indicates that the balance sheet and financial strength for Heartland CU (MN) has held steady in recent periods. Deposit Growth In the past year, Heartland CU (MN) has increased its total deposits by $3.99 million, resulting in 5.37% 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 Heartland CU (MN) 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. Heartland CU (MN) has $86.37 million in assets with $8.58 million in equity, resulting in a capitalization level of 9.93%, which is average.

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