Heartland Credit Union (OH) is headquartered in Dayton and is the 72nd largest credit union in the state of Ohio. It is also the 1,721st largest credit union in the nation. It was established in 1935 and as of September of 2013, it had grown to 25 employees and 9,009 members. Heartland Credit Union (OH)'s savings rates are 3X the national average, and it has a C+ health rating.
Must live, work, worship or attend school in the Ohio counties of Clark, Greene, Miami or Montgomery. - See Details
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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 September 30, 2013 Heartland Credit Union (OH) had $845,000 in non-current loans and owned real-estate with $7.62 million in equity and loan loss allowances on hand to cover it. This gives Heartland Credit Union (OH) a Texas Ratio of 11.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Heartland Credit Union (OH) held steady from 10.86% as of September 30, 2012 to 11.08% as of September 30, 2013, resulting in a negative change of 2.06%. This indicates that the balance sheet and financial strength for Heartland Credit Union (OH) has held steady in recent periods.
In the past year, Heartland Credit Union (OH) has decreased its total deposits by -$5.52 million, resulting in -7.12% 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 Credit Union (OH) has shown is below average.
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 Credit Union (OH) has $80.51 million in assets with $7.62 million in equity, resulting in a capitalization level of 9.47%, which is average.
|Assets and Liabilities|
|Equity Capital||$6.82 million|
|Loan Loss Allowance||$800,000|
|Unbacked Noncurrent Loans||$845,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$7.50 million|
|Loan Loss Allowance||$900,000|
|Unbacked Noncurrent Loans||$845,000|
|Real Estate Owned||$54,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.12%|
|Return on Assets||-0.24%|
|Return on Equity||-2.79%|
|Interest Income||$2.19 million|
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|0.35%||-||-||Regular IRA Shares Account|
|0.35%||-||-||IRA Roth Shares Account|
|0.35%||-||-||Health Savings Account|
|0.10%||-||-||Vacation Club Account|
|0.10%||-||-||Regular Shares Account|
|0.10%||-||-||Holiday Club Account|
|0.20%||$25k||-||Full Service Money Market Account|
|0.10%||$1,500||-||Regular Checking Account|
|0.85%||-||-||36 Month Share Certificate|
|0.55%||-||-||24 Month Share Certificate|
|0.45%||-||-||18 Month Share Certificate|
|0.40%||-||-||15 Month Share Certificate|
|0.35%||-||-||12 Month Share Certificate|
|0.25%||-||-||8 Month Share Certificate|
|0.20%||-||-||6 Month Share Certificate|
|0.15%||-||-||3 Month Share Certificate|
|0.85%||-||-||36 Month IRA Share Certificate|
|0.85%||-||-||36 Month Education IRA Share Certificate|
|0.85%||-||-||36 Month Roth IRA Share Certificate|
|0.55%||-||-||24 Month IRA Share Certificate|
|0.55%||-||-||24 Month Education IRA Share Certificate|
|0.55%||-||-||24 Month Roth IRA Share Certificate|
|0.35%||-||-||12 Month IRA Share Certificate|
|0.35%||-||-||12 Month Education IRA Share Certificate|
|0.35%||-||-||12 Month Roth IRA Share Certificate|
|Heartland Credit Union (OH) Locations|
|Branch Office||1620 Upper Valley Pike||Springfield, OH 455044065|
|Branch Office||1933 Covington Ave||Piqua, OH 453562635|
|Branch Office||3400 Office Park Dr||Dayton, OH 45439|
|Branch Office||3115 S Dixie Dr||Moraine, OH 454392200|