Internal Revenue Employees Credit Union
Internal Revenue Employees Credit Union is headquartered in Greensboro and is the 51st largest credit union in the state of North Carolina. It is also the 3,144th largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 3 employees and 1,346 members. Internal Revenue Employees Credit Union has a 5-star health rating.
Data for Q4 2011
Institution Statistics
| INTERNAL REVENUE EMPLOYEES | | NCUA # | 3685 | | BankRate Report | View | | Year Chartered | 1940 | | Employees | 3 | | Primary Regulator | |
Assets and Liabilities | | Assets | $26.04 million | | Loans | $5.26 million | | Deposits | $23.22 million | | Equity Capital | $2.73 million | | Loan Loss Allowance | $9,000 | | Unbacked Noncurrent Loans | $9,000 |
Historic Data - December 2010 | | Assets | $24.62 million | | Equity Capital | $2.62 million | | Loan Loss Allowance | $12,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.44% | | Return on Assets | 0.28% | | Return on Equity | 2.68% | | Interest Income | $590,000 | | Non-Interest Income | $36,000 |
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Institution Health
Overall Score:
5 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 Internal Revenue Employees Credit Union had $9,000 in non-current loans and owned real-estate with $2.74 million in equity and loan loss allowances on hand to cover it. This gives Internal Revenue Employees 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. | | Deposit Growth | | | In the past year, Internal Revenue Employees Credit Union has increased its total deposits by $1.32 million, resulting in 6% 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 Internal Revenue Employees 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. Internal Revenue Employees Credit Union has $26.04 million in assets with $2.74 million in equity, resulting in a capitalization level of 10.51%, which is above average. |
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