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Overview / Commentary
202-806-6128
525 Bryant St NW Rm C-102
Washington, DC 20059-1005

Howard University Employees Credit Union is headquartered in Washington and is the 29th largest credit union in the District of Columbia. It is also the 4,391st largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 4 employees and 2,049 members. Howard University Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an active employee or retiree of Howard University or Howard University Hospital. - See Details

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Health

Data for Q1 2014

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. Howard University Employees Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Howard University Employees Credit Union had $47,000 in non-current loans and owned real-estate with $2.6 million in equity and loan loss allowances on hand to cover it. This gives Howard University Employees Credit Union a Texas Ratio of 1.77% 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 Howard University Employees Credit Union decreased dramatically from 4.81% as of March 31, 2013 to 1.77% as of March 31, 2014, resulting in a positive change of 63.16%.This indicates that the balance sheet and financial strength for Howard University Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Howard University Employees Credit Union has increased its total deposits by $145,000, resulting in 1.75% 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 Howard University Employees 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. Howard University Employees Credit Union has $10.84 million in assets with $2.6 million in equity, resulting in a capitalization level of 23.95%, which is excellent.

Institution Statistics

Overall
NCUA #648
Year Chartered1935
Employees4
Primary Regulator
Assets and Liabilities
Assets$10.84 million
Loans$3.28 million
Deposits$8.45 million
Equity Capital$2.36 million
Loan Loss Allowance$233,000
Unbacked Noncurrent Loans$47,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.95 million
Equity Capital$2.63 million
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$47,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.29%
Return on Assets-2.62%
Return on Equity-12.02%
Interest Income$83,000
Rates
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Howard University Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$200-Regular Share Account
0.10%--Special Share Savings
0.10%--Second Chance Savings
0.10%--Holiday Club Savings
Locations


Howard University Employees Credit Union Locations
Branch Office525 Bryant St NW Rm C-102Washington, DC 20059-1005