I.M. Detroit District Credit Union
2101 Gratiot Avenue
Detroit, MI 48207
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I.M. Detroit District Credit Union is headquartered in DETROIT and is the 298th largest credit union in the state of Michigan. It is also the 6,641st largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 1 employees and 194 members. I.M. Detroit District Credit Union has a 4-star health rating.
Data for Q4 2011
Institution Statistics
| I.M. DETROIT DISTRICT | | NCUA # | 62167 | | BankRate Report | View | | Year Chartered | 1957 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.13 million | | Loans | $282,000 | | Deposits | $832,000 | | Equity Capital | $288,000 | | Loan Loss Allowance | $4,000 | | Unbacked Noncurrent Loans | $27,000 |
Historic Data - December 2010 | | Assets | $1.12 million | | Equity Capital | $289,000 | | Loan Loss Allowance | $1,000 |
Profit Margin - Quarterly | | Net Interest Margin | 7.44% | | Return on Assets | 1.59% | | Return on Equity | 6.25% | | Interest Income | $40,000 | | Non-Interest Income | $7,000 |
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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, 2011 I.M. Detroit District Credit Union had $27,000 in non-current loans and owned real-estate with $292,000 in equity and loan loss allowances on hand to cover it. This gives I.M. Detroit District Credit Union a Texas Ratio of 9.25% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, I.M. Detroit District Credit Union has increased its total deposits by $8,000, resulting in 0.97% 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 I.M. Detroit District Credit Union has shown is 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. I.M. Detroit District Credit Union has $1.13 million in assets with $292,000 in equity, resulting in a capitalization level of 25.80%, which is excellent. |
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