Lassen County Credit Union is headquartered in Susanville and is the 192nd largest credit union in the state of California. It is also the 2,088th largest credit union in the nation. It was established in 1966 and as of December of 2013, it had grown to 12 employees and 5,059 members. Lassen County Credit Union has a B+ health rating.
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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 Lassen County Credit Union had $0 in non-current loans and owned real-estate with $11.41 million in equity and loan loss allowances on hand to cover it. This gives Lassen County Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Lassen County Credit Union has decreased its total deposits by -$1.62 million, resulting in -3.31% 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 Lassen County Credit Union has shown is below average.
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. Lassen County Credit Union has $58.89 million in assets with $11.41 million in equity, resulting in a capitalization level of 19.37%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$11.13 million|
|Loan Loss Allowance||$274,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$11.06 million|
|Loan Loss Allowance||$193,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.59%|
|Return on Assets||0.41%|
|Return on Equity||2.16%|
|Interest Income||$1.59 million|
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|0.05%||$25||-||IRA Share Savings Account|
|0.05%||$25||-||Kid's Club Account|
|0.05%||$25||-||Teen Club Account|
|0.05%||$25||-||Christmas Club Account|
|0.05%||$25||-||Basic Share Savings Account|
|0.05%||$25||-||Roth IRA Share Savings Account|
|0.18%||$100k||-||Freedom Money Market Account|
|1.15%||$10k||$25k||60 Month Share Certificate|
|0.65%||$10k||-||48 Month Share Certificate Special|
|0.55%||$10k||-||35 Month Share Certificate Special|
|0.40%||$50k||-||24 Month Share Certificate|
|0.40%||$50k||-||30 Month Share Certificate|
|0.22%||$1k||-||12 Month Share Certificate|
|0.15%||$1k||-||6 Month Share Certificate|
|0.10%||$1k||-||3 Month Share Certificate|
|Lassen County Credit Union Locations|
|Branch Office||2605 Riverside Dr||Susanville, CA 96130|