Illinois Community Credit Union

Illinois Community Credit Union is headquartered in SYCAMORE and is the 48^th largest credit union in the state of Illinois. It is also the 1,499^th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 42 employees and 15,053 members. Illinois Community Credit Union has a 4-star health rating.

Illinois Community Credit Union Routing Number: 271989714

Related Posts

Illinois Community Credit Union Checking Account Rates

Illinois Community Credit Union Savings Account Rates

Illinois Community Credit Union CD Rates

Illinois Community Credit Union IRA Rates

Data for Q4 2012

Institution Statistics ILLINOIS COMMUNITY NCUA # 61634 BankRate Report View Year Chartered 1935 Employees 42 Primary Regulator Assets and Liabilities Assets $97.05 million Loans $83.59 million Deposits $86.84 million Equity Capital $9.47 million Loan Loss Allowance $2.74 million Unbacked Noncurrent Loans $2.58 million Historic Data - December 2011 Assets $83.72 million Equity Capital $8.16 million Loan Loss Allowance $1.75 million Unbacked Noncurrent Loans $1.37 million Profit Margin - Quarterly Net Interest Margin 8.06% Return on Assets 1.35% Return on Equity 13.86% Interest Income $6.96 million Non-Interest Income $1.80 million

Institution Health Overall Score: 4 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 Illinois Community Credit Union had $2.58 million in non-current loans and owned real-estate with $12.21 million in equity and loan loss allowances on hand to cover it. This gives Illinois Community Credit Union a Texas Ratio of 21.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Illinois Community Credit Union increased slightly from 13.80% as of December 31, 2011 to 21.11% as of December 31, 2012, resulting in a negative change of 52.99%. This indicates that the balance sheet and financial strength for Illinois Community Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Illinois Community Credit Union has increased its total deposits by $11.82 million, resulting in 15.76% 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 Illinois Community Credit Union has shown is excellent. 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. Illinois Community Credit Union has $97.05 million in assets with $12.21 million in equity, resulting in a capitalization level of 12.58%, which is excellent.

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