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Overview / Commentary
717-533-9174
232 Hershey Rd
Hummelstown, PA 17036

Hershey Credit Union is headquartered in Hummelstown and is the 104th largest credit union in the state of Pennsylvania. It is also the 2,170th largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 20 employees and 6,806 members. Hershey Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Dauphin or Lebanon County. - See Details

Reviews (1)

Great For Average User

The bank is great for the individual that needs to go the bank. The individuals at all the branches are very friendly and helpful when you walk in. Most times they remember you by name too. However, for the hours are a little tricky to make it in for some people, and the online banking site is less than optimal. All you can do is check your balances and sign up for bill payer. There is not the opportunity for other services either. Additionally, their website is hard to navigate to find information for on things such as their credit card, CDs, and other services the bank provides. Overall, the bank is great for an average user.



Health

Data for Q4 2013

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. Hershey Credit Union has a relatively low asset base.

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 Hershey Credit Union had $175,000 in non-current loans and owned real-estate with $4.54 million in equity and loan loss allowances on hand to cover it. This gives Hershey Credit Union a Texas Ratio of 3.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Hershey Credit Union decreased dramatically from 5.75% as of December 31, 2012 to 3.85% as of December 31, 2013, resulting in a positive change of 32.98%.This indicates that the balance sheet and financial strength for Hershey Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Hershey Credit Union has decreased its total deposits by $-42,000, resulting in -0.08% 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 Hershey Credit Union has shown is average.

Capitalization

GRADE:
C

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. Hershey Credit Union has $54.94 million in assets with $4.54 million in equity, resulting in a capitalization level of 8.27%, which is average.

Institution Statistics

Overall
NCUA #6095
Year Chartered1949
Employees20
Primary Regulator
Assets and Liabilities
Assets$54.94 million
Loans$33.06 million
Deposits$50.31 million
Equity Capital$4.46 million
Loan Loss Allowance$83,000
Unbacked Noncurrent Loans$175,000
Real Estate Owned$0
Historic Data - December 2012
Assets$54.92 million
Equity Capital$4.37 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$175,000
Real Estate Owned$169,000
Profit Margin - Quarterly
Net Interest Margin4.6%
Return on Assets0.17%
Return on Equity2.06%
Interest Income$1.75 million
Rates
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Hershey Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Accumulation Share Account
0.15%--Roth IRA Accumulation Share Account
0.15%--Coverdell ESA Accumulation Share Account
0.10%$100-Regular Share Account
0.10%$100-Holiday Share Account
0.10%$100-Special Share Account

Hershey Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Hershey Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month Share Certificate
0.75%$500-48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.35%$500-24 Month Share Certificate
0.30%$500-18 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate

Hershey Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month IRA (Traditional,Roth,CESA)
0.75%$500-48 Month IRA (Traditional,Roth,CESA)
0.50%$500-36 Month IRA (Traditional,Roth,CESA)
0.35%$500-24 Month IRA (Traditional,Roth,CESA)
0.30%$500-18 Month IRA (Traditional,Roth,CESA)
0.25%$500-12 Month IRA (Traditional,Roth,CESA)
Locations


Hershey Credit Union Locations
Branch Office232 Hershey RdHummelstown, PA 17036
Branch Office904 E Chocolate AveHershey, PA 17033
Branch Office710 E Main StAnnville, PA 17003