Institution Statistics
| HEIGHTS AUTO WORKERS | | NCUA # | 65640 | | BankRate Report | View | | Year Chartered | 1961 | | Employees | 10 | | Primary Regulator | |
Assets and Liabilities | | Assets | $33.41 million | | Loans | $12.89 million | | Deposits | $27.58 million | | Equity Capital | $5.72 million | | Loan Loss Allowance | $257,000 | | Unbacked Noncurrent Loans | $182,000 |
Historic Data - December 2011 | | Assets | $33.39 million | | Equity Capital | $5.77 million | | Loan Loss Allowance | $187,000 | | Unbacked Noncurrent Loans | $28,000 |
Profit Margin - Quarterly | | Net Interest Margin | 7.6% | | Return on Assets | -0.16% | | Return on Equity | -0.93% | | Interest Income | $1.12 million | | Non-Interest Income | $484,000 |
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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, 2012 Heights Auto Workers Credit Union had $182,000 in non-current loans and owned real-estate with $5.97 million in equity and loan loss allowances on hand to cover it. This gives Heights Auto Workers Credit Union a Texas Ratio of 3.05% 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 Heights Auto Workers Credit Union held steady from 0.47% as of December 31, 2011 to 3.05% as of December 31, 2012, resulting in a negative change of 548.15%. This indicates that the balance sheet and financial strength for Heights Auto Workers Credit Union has held steady in recent periods. | | Deposit Growth | | | In the past year, Heights Auto Workers Credit Union has decreased its total deposits by $-115,000, resulting in -0.42% 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 Heights Auto Workers Credit Union has shown is average. | | 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. Heights Auto Workers Credit Union has $33.41 million in assets with $5.97 million in equity, resulting in a capitalization level of 17.88%, which is excellent. |
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Average User Rating:
Sub Prime Loans Camouflaged As Credit Building Loans
Be careful with this credit union, which serves predominately minorities. Every month they offer loan ' specials' and 'credit building loans ' both have extremely high interest rates, and when you apply for one of these loans, you never get the full amount of money you asked for, but they will report that you did on your credit report. Example: you apply for a 2 thousand dollar 'credit building loan' they give you 1300, and they keep the 700, then report to the bureau you have a loan out for 2 thousand even though that's not what you received in reality. Also they advertise these ' credit building loans' but only report one credit bureau, transunion. Bc transunion is based out of Chicago it does not cost them anything. Question: how can you advertise to build someone's credit, but only report their payments to Only One Of The Three reporting bureas?????????????