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Overview / Commentary
866-860-3228
5931 Middlefield Rd, Suite 100
Littleton, CO 80123

Legal Community Credit Union Of Col is headquartered in Littleton and is the 84th largest credit union in the state of Colorado. It is also the 5,504th largest credit union in the nation. It was established in 1979 and as of March of 2014, it had grown to 2 employees and 750 members. Legal Community Credit Union Of Col has a C+ health rating.

Field of Membership Restrictions

Must be an employee within the 1900 Grant Building or the Creekside at Columbine office park. Also open to employees and members of the Denver Bar or Colorado Bar Association and members of the PPIAC. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Legal Community Credit Union Of Col has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Legal Community Credit Union Of Col had $32,000 in non-current loans and owned real-estate with $413,000 in equity and loan loss allowances on hand to cover it. This gives Legal Community Credit Union Of Col a Texas Ratio of 7.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Legal Community Credit Union Of Col experienced no significant changes from 5.82% as of March 31, 2013 to 7.75% as of March 31, 2014, resulting in a negative change of 33.13%. This indicates that the balance sheet and financial strength for Legal Community Credit Union Of Col has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Legal Community Credit Union Of Col has decreased its total deposits by $-258,000, resulting in -6.91% 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 Legal Community Credit Union Of Col has shown is below average.

Capitalization

GRADE:
B+

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. Legal Community Credit Union Of Col has $3.85 million in assets with $413,000 in equity, resulting in a capitalization level of 10.73%, which is above average.

Institution Statistics

Overall
NCUA #65111
Year Chartered1979
Employees2
Primary Regulator
Assets and Liabilities
Assets$3.85 million
Loans$3.13 million
Deposits$3.48 million
Equity Capital$360,000
Loan Loss Allowance$53,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.08 million
Equity Capital$335,000
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$32,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.44%
Return on Assets-0.62%
Return on Equity-6.67%
Interest Income$45,000
Rates
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Legal Community Credit Union Of Col Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Primary Share Account
0.05%--Christmas Club Account

Legal Community Credit Union Of Col Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Legal Community Credit Union Of Col CD Rates

DetailsAPYMINMAXPRODUCT
1.69%$500-5 Year Share Certificate
1.32%$500-4 Year Share Certificate
0.76%$500-3 Year Share Certificate
0.29%$500-24 Month Share Certificate
0.20%$500-18 Month Share Certificate
0.13%$500-12 Month Share Certificate
0.06%$500-6 Month Share Certificate

Legal Community Credit Union Of Col IRA Rates

DetailsAPYMINMAXPRODUCT
1.69%$500-5 Year IRA Certificate
1.32%$500-4 Year IRA Certificate
0.76%$500-3 Year IRA Certificate
0.29%$500-24 Month IRA Certificate
0.20%$500-18 Month IRA Certificate
0.13%$500-12 Month IRA Certificate
0.06%$500-6 Month IRA Certificate
Locations


Legal Community Credit Union Of Col Locations
Branch Office5931 Middlefield Rd Suite 100Littleton, CO 80123