Kings Peak Credit Union

Kings Peak Credit Union is headquartered in Roosevelt and is the 49^th largest credit union in the state of Utah. It is also the 4,356^th largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 5 employees and 2,062 members. Kings Peak Credit Union has a 3-star health rating.

Kings Peak Credit Union Routing Number: 324377998

Kings Peak Credit Union Savings Account Rates

Kings Peak Credit Union CD Rates

Data for Q4 2011

Institution Statistics KINGS PEAK NCUA # 67160 BankRate Report View Year Chartered 1960 Employees 5 Primary Regulator Assets and Liabilities Assets $11.85 million Loans $7.83 million Deposits $10.82 million Equity Capital $993,000 Loan Loss Allowance $84,000 Unbacked Noncurrent Loans $295,000 Historic Data - December 2010 Assets $9.97 million Equity Capital $835,000 Loan Loss Allowance $66,000 Unbacked Noncurrent Loans $96,000 Profit Margin - Quarterly Net Interest Margin 5.99% Return on Assets 1.33% Return on Equity 15.81% Interest Income $541,000 Non-Interest Income $114,000

Institution Health Overall Score: 3 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 Kings Peak Credit Union had $295,000 in non-current loans and owned real-estate with $1.08 million in equity and loan loss allowances on hand to cover it. This gives Kings Peak Credit Union a Texas Ratio of 27.39% 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 Kings Peak Credit Union increased slightly from 10.65% as of December 31, 2010 to 27.39% as of December 31, 2011, resulting in a negative change of 157.08%. This indicates that the balance sheet and financial strength for Kings Peak Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Kings Peak Credit Union has increased its total deposits by $1.72 million, resulting in 18.95% 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 Kings Peak 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. Kings Peak Credit Union has $11.85 million in assets with $1.08 million in equity, resulting in a capitalization level of 9.09%, which is average.

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