Institution Statistics
| LEGACY | | NCUA # | 20512 | | BankRate Report | View | | Year Chartered | 1971 | | Employees | 6 | | Primary Regulator | |
Assets and Liabilities | | Assets | $40.42 million | | Loans | $13.68 million | | Deposits | $35.57 million | | Equity Capital | $4.73 million | | Loan Loss Allowance | $64,000 | | Unbacked Noncurrent Loans | $13,000 |
Historic Data - December 2010 | | Assets | $40.06 million | | Equity Capital | $4.77 million | | Loan Loss Allowance | $113,000 | | Unbacked Noncurrent Loans | $57,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.8% | | Return on Assets | -0.09% | | Return on Equity | -0.74% | | Interest Income | $1.03 million | | Non-Interest Income | $153,000 |
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Institution Health
Overall Score:
5 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 Legacy Credit Union had $13,000 in non-current loans and owned real-estate with $4.8 million in equity and loan loss allowances on hand to cover it. This gives Legacy Credit Union a Texas Ratio of 0.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Legacy Credit Union decreased significantly from 1.17% as of December 31, 2010 to 0.27% as of December 31, 2011, resulting in a positive change of 76.79%.This indicates that the balance sheet and financial strength for Legacy Credit Union has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Legacy Credit Union has increased its total deposits by $409,000, resulting in 1.16% 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 Legacy Credit Union has shown is above 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. Legacy Credit Union has $40.42 million in assets with $4.8 million in equity, resulting in a capitalization level of 11.86%, which is above average. |
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