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Overview / Commentary
480-967-9475
2800 S Mill Ave
Tempe, AZ 85282

Landings Credit Union is headquartered in TEMPE and is the 20th largest credit union in the state of Arizona. It is also the 1,226th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 59 employees and 18,067 members. Landings Credit Union has a C+ health rating.

Field of Membership Restrictions

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
B

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, 2013 Landings Credit Union had $2.35 million in non-current loans and owned real-estate with $11.31 million in equity and loan loss allowances on hand to cover it. This gives Landings Credit Union a Texas Ratio of 20.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Landings Credit Union experienced no significant changes from 20.12% as of December 31, 2012 to 20.78% as of December 31, 2013, resulting in a negative change of 3.27%. This indicates that the balance sheet and financial strength for Landings Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Landings Credit Union has decreased its total deposits by -$2.11 million, resulting in -1.72% 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 Landings Credit Union has shown is 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. Landings Credit Union has $132.29 million in assets with $11.31 million in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

Overall
NCUA #62937
Year Chartered1953
Employees59
Primary Regulator
Assets and Liabilities
Assets$132.29 million
Loans$77.67 million
Deposits$121.07 million
Equity Capital$10.07 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.81 million
Real Estate Owned$545,000
Historic Data - December 2012
Assets$133.87 million
Equity Capital$9.85 million
Loan Loss Allowance$2.50 million
Unbacked Noncurrent Loans$1.81 million
Real Estate Owned$125,000
Profit Margin - Quarterly
Net Interest Margin5.37%
Return on Assets0.87%
Return on Equity11.45%
Interest Income$4.86 million
Rates
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Landings Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--IRA Savings
0.01%$25-Prime Share Savings
0.01%--Share Manager
0.01%--Summer Bridge
0.01%--Holiday Shares

Landings Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-Money Market Savings

Landings Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-60 Month Step-Up CD
2.00%$500-60 Month Fixed CD
1.30%$500-48 Month CD
1.05%$500-36 Month Step-Up CD
1.05%$500-36 Month Fixed CD
0.60%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD

Landings Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.10%$2k-5 Year IRA
1.25%$2k-3 Year IRA
0.95%$2k-30 Month IRA
0.70%$2k-24 Month IRA
0.40%$2k-18 Month IRA
0.35%$2k-12 Month IRA
Locations


Landings Credit Union Locations
Branch Office2800 S Mill AveTempe, AZ 85282
Branch Office4850 W Chandler BlvdChandler, AZ 85226
Branch Office657 N Gilbert RdGilbert, AZ 85234