5 star ratingAverage User Rating:
5 star rating based on 1 review.

Kent Credit Union

Kent Credit Union Locations
6020 Rhodes Road
Kent, OH 44240
888.221.7556
www.kentcu.com

Kent Credit Union is headquartered in KENT and is the 110st largest credit union in the state of Ohio. It is also the 2,511st largest credit union in the nation. It was established in 1984 and as of December of 2011, it had grown to 19 employees and 6,439 members. Kent Credit Union has a 4-star health rating.

Kent Credit Union Routing Number: 241279234



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See Rates for: Savings | CD | IRA

Kent Credit Union Savings Account Rates

ApyMinMaxProduct
0.31%--IRA Savings Account
0.31%--Roth IRA Savings Account
0.31%--Education IRA Savings Account
0.20%$7,500-Money Maker Account
0.10%--Christmas Club
0.10%--Savings Account
0.10%--Vacation Club

Kent Credit Union CD Rates

ApyMinMaxProduct
0.91%$500-36 Month Share Certificate
0.71%$500-24 Month Share Certificate
0.41%$500-12 Month Share Certificate
0.31%$500-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Kent Credit Union IRA Rates

ApyMinMaxProduct
0.91%$500-36 Month IRA Certificate
0.91%$500-36 Month Roth IRA Certificate
0.91%$500-36 Month Education IRA Certificate
0.71%$500-24 Month IRA Certificate
0.71%$500-24 Month Roth IRA Certificate
0.71%$500-24 Month Education IRA Certificate
0.41%$500-12 Month IRA Certificate
0.41%$500-12 Month Roth IRA Certificate
0.41%$500-12 Month Education IRA Certificate

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


KENT
NCUA #67199
BankRate ReportView
Year Chartered1984
Employees19
Primary Regulator

Assets and Liabilities

Assets$40.62 million
Loans$20.36 million
Deposits$37.62 million
Equity Capital$2.73 million
Loan Loss Allowance$122,000
Unbacked Noncurrent Loans$337,000

Historic Data - December 2010

Assets$38.49 million
Equity Capital$2.81 million
Loan Loss Allowance$222,000
Unbacked Noncurrent Loans$351,000

Profit Margin - Quarterly

Net Interest Margin5.56%
Return on Assets-0.19%
Return on Equity-2.85%
Interest Income$1.39 million
Non-Interest Income$479,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Kent Credit Union had $337,000 in non-current loans and owned real-estate with $2.86 million in equity and loan loss allowances on hand to cover it. This gives Kent Credit Union a Texas Ratio of 11.80% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Kent Credit Union held steady from 11.57% as of December 31, 2010 to 11.80% as of December 31, 2011, resulting in a negative change of 2.06%. This indicates that the balance sheet and financial strength for Kent Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Kent Credit Union has increased its total deposits by $2.07 million, resulting in 5.83% 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 Kent Credit Union has shown is excellent.
Capitalization2
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. Kent Credit Union has $40.62 million in assets with $2.86 million in equity, resulting in a capitalization level of 7.03%, which is below average.
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Five-Star Rating For This All-Around Wonderful, Helpful, Informative And The Courteous Employees And Services
5 stars - KSU_Student2 - Tuesday, July 5, 2011 - 7:49 PM

I opened my checking and savings account because I am enrolled at KSU and just moved back to the area.  They showed the utmost care and helpfullness in doing so- and I even received a personal call a week later to check on my experience.  I have brought my SD In Training into the bank several times since then, and they have welcomed both me and him with open arms.  I only wish I had more money to put into savings and other types of accounts, perhaps one day- if I work at it, I will!

Thank you Kent Credit Union for making me feel at home during this transition and for having answers to every question or concern that I may have.

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