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Overview / Commentary
281-470-1813
10920 Spencer Hwy
La Porte, TX 77571

ILA 1351 Credit Union is headquartered in La Porte and is the 304th largest credit union in the state of Texas. It is also the 3,990th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 4 employees and 1,186 members. ILA 1351 Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or director of the Illinois Electric and Telephone Cooperative. - See Details

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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. ILA 1351 Credit Union has a 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 ILA 1351 Credit Union had $8,000 in non-current loans and owned real-estate with $2.4 million in equity and loan loss allowances on hand to cover it. This gives ILA 1351 Credit Union a Texas Ratio of 0.33% 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 ILA 1351 Credit Union decreased dramatically from 0.79% as of December 31, 2012 to 0.33% as of December 31, 2013, resulting in a positive change of 57.95%.This indicates that the balance sheet and financial strength for ILA 1351 Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, ILA 1351 Credit Union has increased its total deposits by $146,000, resulting in 1.27% 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 ILA 1351 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. ILA 1351 Credit Union has $14.14 million in assets with $2.4 million in equity, resulting in a capitalization level of 17.00%, which is excellent.

Institution Statistics

Overall
NCUA #17253
Year Chartered1966
Employees4
Primary Regulator
Assets and Liabilities
Assets$14.14 million
Loans$5.14 million
Deposits$11.61 million
Equity Capital$2.36 million
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Historic Data - December 2012
Assets$13.95 million
Equity Capital$2.35 million
Loan Loss Allowance$49,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.86%
Return on Assets0.05%
Return on Equity0.3%
Interest Income$504,000
Rates
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ILA 1351 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-Regular Savings Account
Locations


ILA 1351 Credit Union Locations
Branch Office10920 Spencer HwyLa Porte, TX 77571