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Overview / Commentary
800-983-6365
1100 Green St
Washington, PA 15301

Jessop Community Credit Union is headquartered in Washington and is the 144th largest credit union in the state of Pennsylvania. It is also the 2,813st largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 6 employees and 3,594 members. Jessop Community Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Washington County, PA. - See Details

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Health

Data for Q1 2014

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. Jessop Community Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Jessop Community Credit Union had $210,000 in non-current loans and owned real-estate with $3.07 million in equity and loan loss allowances on hand to cover it. This gives Jessop Community Credit Union a Texas Ratio of 6.84% 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 Jessop Community Credit Union decreased dramatically from 11.45% as of March 31, 2013 to 6.84% as of March 31, 2014, resulting in a positive change of 40.32%.This indicates that the balance sheet and financial strength for Jessop Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Jessop Community Credit Union has decreased its total deposits by -$1.05 million, resulting in -3.32% 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 Jessop Community Credit Union has shown is below average.

Capitalization

GRADE:
C+

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. Jessop Community Credit Union has $33.57 million in assets with $3.07 million in equity, resulting in a capitalization level of 9.15%, which is average.

Institution Statistics

Overall
NCUA #7724
Year Chartered1952
Employees6
Primary Regulator
Assets and Liabilities
Assets$33.57 million
Loans$11.08 million
Deposits$30.51 million
Equity Capital$2.98 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$173,000
Real Estate Owned$37,000
Historic Data - March 2013
Assets$34.74 million
Equity Capital$3.13 million
Loan Loss Allowance$45,000
Unbacked Noncurrent Loans$173,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.16%
Return on Assets0.06%
Return on Equity0.67%
Interest Income$176,000
Rates
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Jessop Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Share Account
0.15%--Roth IRA Share Account
0.15%--Coverdell ESA Share Account
0.05%$10k-Share Savings Account
0.02%--Christmas Club Account
0.02%--Escrow Account

Jessop Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.40%$500-12 Month Safari Saver Certificate
0.30%$500-36 Month Share Certificate
0.15%$500-12 Month Share Certificate
0.10%$500-6 Month Share Certificate

Jessop Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.30%$500-36 Month IRA Share Certificate
0.15%$500-12 Month IRA Share Certificate
Locations


Jessop Community Credit Union Locations
Branch Office1100 Green StWashington, PA 15301-2338