Local 380 I.B.E.W. Credit Union

Local 380 I.B.E.W. Credit Union is headquartered in COLLEGEVILLE and is the 145^th largest credit union in the state of Pennsylvania. It is also the 2,901^st largest credit union in the nation. It was established in 1974 and as of December of 2011, it had grown to 3 employees and 1,971 members. Local 380 I.B.E.W. Credit Union's savings rates are 2X the national average, and it has a 3-star health rating.

Local 380 I.B.E.W. Credit Union Checking Account Rates

Local 380 I.B.E.W. Credit Union Savings Account Rates

Local 380 I.B.E.W. Credit Union Money Market Rates

Local 380 I.B.E.W. Credit Union CD Rates

Local 380 I.B.E.W. Credit Union IRA Rates

Data for Q4 2011

Institution Statistics LOCAL 380 I.B.E.W. NCUA # 61808 BankRate Report View Year Chartered 1974 Employees 3 Primary Regulator Assets and Liabilities Assets $30.64 million Loans $11.36 million Deposits $27.20 million Equity Capital $3.43 million Loan Loss Allowance $192,000 Unbacked Noncurrent Loans $1.29 million Historic Data - December 2010 Assets $29.35 million Equity Capital $3.35 million Loan Loss Allowance $108,000 Unbacked Noncurrent Loans $1.08 million Profit Margin - Quarterly Net Interest Margin 4.34% Return on Assets 0.24% Return on Equity 2.19% Interest Income $1.13 million Non-Interest Income $24,000

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 Local 380 I.B.E.W. Credit Union had $1.29 million in non-current loans and owned real-estate with $3.62 million in equity and loan loss allowances on hand to cover it. This gives Local 380 I.B.E.W. Credit Union a Texas Ratio of 35.74% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Local 380 I.B.E.W. Credit Union held steady from 31.32% as of December 31, 2010 to 35.74% as of December 31, 2011, resulting in a negative change of 14.11%. This indicates that the balance sheet and financial strength for Local 380 I.B.E.W. Credit Union has held steady in recent periods. Deposit Growth In the past year, Local 380 I.B.E.W. Credit Union has increased its total deposits by $1.22 million, resulting in 4.7% 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 Local 380 I.B.E.W. 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. Local 380 I.B.E.W. Credit Union has $30.64 million in assets with $3.62 million in equity, resulting in a capitalization level of 11.81%, which is above average.

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