Long Beach City Employees Credit Union

Long Beach City Employees Credit Union is headquartered in Long Beach and is the 86^th largest credit union in the state of California. It is also the 581^st largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 23 employees and 8,556 members. Long Beach City Employees Credit Union has a 4-star health rating.

Long Beach City Employees Credit Union Checking Account Rates

Long Beach City Employees Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics LONG BEACH CITY EMPLOYEES NCUA # 1438 BankRate Report View Year Chartered 1936 Employees 23 Primary Regulator Assets and Liabilities Assets $335.41 million Loans $87.42 million Deposits $308.93 million Equity Capital $25.46 million Loan Loss Allowance $1.16 million Unbacked Noncurrent Loans $1.76 million Real Estate Owned $242,000 Historic Data - December 2010 Assets $337.18 million Equity Capital $21.83 million Loan Loss Allowance $252,000 Unbacked Noncurrent Loans $1.55 million Profit Margin - Quarterly Net Interest Margin 4.34% Return on Assets 0.39% Return on Equity 5.12% Interest Income $8.17 million Non-Interest Income $393,000

Institution Health Overall Score: 4 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 Long Beach City Employees Credit Union had $2 million in non-current loans and owned real-estate with $26.62 million in equity and loan loss allowances on hand to cover it. This gives Long Beach City Employees Credit Union a Texas Ratio of 7.53% 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 Long Beach City Employees Credit Union held steady from 7.03% as of December 31, 2010 to 7.53% as of December 31, 2011, resulting in a negative change of 7.08%. This indicates that the balance sheet and financial strength for Long Beach City Employees Credit Union has held steady in recent periods. Deposit Growth In the past year, Long Beach City Employees Credit Union has decreased its total deposits by -$5.77 million, resulting in -1.83% 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 Long Beach City Employees Credit Union has shown is below 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. Long Beach City Employees Credit Union has $335.41 million in assets with $26.62 million in equity, resulting in a capitalization level of 7.94%, which is below average.

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