Industrial CU (MA)

1 Liberty Square
Boston, MA 02109
(617) 742-1616
www.icu.org

NCUA


Industrial CU (MA) is headquartered in Boston and is the 42nd largest credit union in the state of Massachusetts. It is also the 1,117st largest credit union in the nation. It was established in 1910 and as of March of 2013, it had grown to 7 employees and 2,133 members. Industrial CU (MA)'s CD rates are 17% higher than the national average, and it has a 4-star health rating.

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See Rates for: Checking | Savings | CD | IRA

Industrial CU (MA) Checking Account Rates

ApyMinMaxProduct
0.75%$2,500-NOWPlus Checking
0.25%$200-NOW Checking

Industrial CU (MA) Savings Account Rates

ApyMinMaxProduct
0.50%$50-Savings Account

Industrial CU (MA) CD Rates

ApyMinMaxProduct
2.00%$1k-60 Month CD
1.75%$1k-48 Month CD
1.55%$1k-36 Month CD
1.30%$1k-24 Month CD
1.05%$1k-12 Month CD
1.05%$1k-18 Month CD
0.90%$1k-6 Month CD

Industrial CU (MA) IRA Rates

ApyMinMaxProduct
2.00%$1k-60 Month IRA
2.00%$1k-60 Month Roth IRA
1.75%$1k-48 Month IRA
1.75%$1k-48 Month Roth IRA
1.55%$1k-36 Month IRA
1.55%$1k-36 Month Roth IRA
1.30%$1k-24 Month IRA
1.30%$1k-24 Month Roth IRA
1.05%$1k-12 Month IRA
1.05%$1k-18 Month IRA
1.05%$1k-12 Month Roth IRA
1.05%$1k-18 Month Roth IRA
0.90%$1k-6 Month IRA
0.90%$1k-6 Month Roth IRA

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


INDUSTRIAL
NCUA #67994
BankRate ReportView
Year Chartered1910
Employees7
Primary Regulator

Assets and Liabilities

Assets$152.43 million
Loans$91.53 million
Deposits$134.83 million
Equity Capital$17.20 million
Loan Loss Allowance$712,000
Unbacked Noncurrent Loans$267,000
Real Estate Owned$482,000

Historic Data - March 2012

Assets$160.90 million
Equity Capital$15.89 million
Loan Loss Allowance$690,000
Unbacked Noncurrent Loans$1.97 million

Profit Margin - Quarterly

Net Interest Margin0.77%
Return on Assets0.55%
Return on Equity4.86%
Interest Income$1.19 million
Non-Interest Income$19,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
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 March 31, 2013 Industrial CU (MA) had $749,000 in non-current loans and owned real-estate with $17.91 million in equity and loan loss allowances on hand to cover it. This gives Industrial CU (MA) a Texas Ratio of 4.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Industrial CU (MA) decreased significantly from 11.87% as of March 31, 2012 to 4.18% as of March 31, 2013, resulting in a positive change of 64.77%.This indicates that the balance sheet and financial strength for Industrial CU (MA) has improved significantly in recent periods.
Deposit Growth1
In the past year, Industrial CU (MA) has decreased its total deposits by -$9.37 million, resulting in -6.5% 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 Industrial CU (MA) has shown is poor.
Capitalization4
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. Industrial CU (MA) has $152.43 million in assets with $17.91 million in equity, resulting in a capitalization level of 11.75%, which is above average.
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