Jordan Credit Union

Jordan Credit Union is headquartered in SANDY and is the 11^st largest credit union in the state of Utah. It is also the 848^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 66 employees and 25,625 members. Jordan Credit Union has a 4-star health rating.

Jordan Credit Union Routing Number: 324379705

Related Posts

Jordan Credit Union Checking Account Rates

Jordan Credit Union Savings Account Rates

Jordan Credit Union Money Market Rates

Jordan Credit Union CD Rates

Jordan Credit Union IRA Rates

Data for Q4 2011

Institution Statistics JORDAN NCUA # 24698 BankRate Report View Year Chartered 1950 Employees 66 Primary Regulator Assets and Liabilities Assets $205.81 million Loans $134.16 million Deposits $188.72 million Equity Capital $15.64 million Loan Loss Allowance $2.55 million Unbacked Noncurrent Loans $2.01 million Real Estate Owned $776,000 Historic Data - December 2010 Assets $207.66 million Equity Capital $16.28 million Loan Loss Allowance $3.72 million Unbacked Noncurrent Loans $4.78 million Real Estate Owned $915,000 Profit Margin - Quarterly Net Interest Margin 5.18% Return on Assets -0.08% Return on Equity -1.03% Interest Income $8.58 million Non-Interest Income $2.56 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, 2011 Jordan Credit Union had $2.79 million in non-current loans and owned real-estate with $18.19 million in equity and loan loss allowances on hand to cover it. This gives Jordan Credit Union a Texas Ratio of 15.32% 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 Jordan Credit Union decreased significantly from 28.48% as of December 31, 2010 to 15.32% as of December 31, 2011, resulting in a positive change of 46.19%.This indicates that the balance sheet and financial strength for Jordan Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Jordan Credit Union has decreased its total deposits by -$1.09 million, resulting in -0.57% 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 Jordan 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. Jordan Credit Union has $205.81 million in assets with $18.19 million in equity, resulting in a capitalization level of 8.84%, which is average.

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