Huron Area Education Credit Union

Huron Area Education Credit Union is headquartered in HURON and is the 28^th largest credit union in the state of South Dakota. It is also the 4,063^rd largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 4 employees and 1,122 members. Huron Area Education Credit Union's savings rates are 92% higher than the national average, and it has a 3-star health rating.

Huron Area Education Credit Union Checking Account Rates

Huron Area Education Credit Union Savings Account Rates

Huron Area Education Credit Union Money Market Rates

Huron Area Education Credit Union CD Rates

Huron Area Education Credit Union IRA Rates

Data for Q4 2011

Institution Statistics HURON AREA EDUCATION NCUA # 7599 BankRate Report View Year Chartered 1952 Employees 4 Primary Regulator Assets and Liabilities Assets $14.30 million Loans $9.80 million Deposits $13.64 million Equity Capital $567,000 Loan Loss Allowance $366,000 Unbacked Noncurrent Loans $303,000 Historic Data - December 2010 Assets $14.14 million Equity Capital $542,000 Loan Loss Allowance $280,000 Unbacked Noncurrent Loans $388,000 Profit Margin - Quarterly Net Interest Margin 5.87% Return on Assets 0.17% Return on Equity 4.23% Interest Income $714,000 Non-Interest Income $30,000

Institution Health Overall Score: 3 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 Huron Area Education Credit Union had $303,000 in non-current loans and owned real-estate with $933,000 in equity and loan loss allowances on hand to cover it. This gives Huron Area Education Credit Union a Texas Ratio of 32.48% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Huron Area Education Credit Union decreased slightly from 47.20% as of December 31, 2010 to 32.48% as of December 31, 2011, resulting in a positive change of 31.20%.This indicates that the balance sheet and financial strength for Huron Area Education Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Huron Area Education Credit Union has increased its total deposits by $190,000, resulting in 1.41% 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 Huron Area Education Credit Union has shown is above 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. Huron Area Education Credit Union has $14.3 million in assets with $933,000 in equity, resulting in a capitalization level of 6.53%, which is below average.

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