Long Beach Firemen S Credit Union

Long Beach Firemen S Credit Union is headquartered in Long Beach and is the 121^st largest credit union in the state of California. It is also the 1,026^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 11 employees and 3,268 members. Long Beach Firemen S Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

Long Beach Firemen S Credit Union Checking Account Rates

Long Beach Firemen S Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics LONG BEACH FIREMEN S NCUA # 67921 BankRate Report View Year Chartered 1936 Employees 11 Primary Regulator Assets and Liabilities Assets $156.88 million Loans $104.32 million Deposits $133.90 million Equity Capital $22.88 million Loan Loss Allowance $1.11 million Unbacked Noncurrent Loans $236,000 Historic Data - December 2010 Assets $153.68 million Equity Capital $21.42 million Loan Loss Allowance $604,000 Unbacked Noncurrent Loans $5,000 Profit Margin - Quarterly Net Interest Margin 3.4% Return on Assets 0.93% Return on Equity 6.35% Interest Income $5.68 million Non-Interest Income $117,000

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 Long Beach Firemen S Credit Union had $236,000 in non-current loans and owned real-estate with $23.98 million in equity and loan loss allowances on hand to cover it. This gives Long Beach Firemen S Credit Union a Texas Ratio of 0.98% 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 Firemen S Credit Union held steady from 0.02% as of December 31, 2010 to 0.98% as of December 31, 2011, resulting in a negative change of 4,235.23%. This indicates that the balance sheet and financial strength for Long Beach Firemen S Credit Union has held steady in recent periods. Deposit Growth In the past year, Long Beach Firemen S Credit Union has increased its total deposits by $1.73 million, resulting in 1.31% 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 Long Beach Firemen S 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. Long Beach Firemen S Credit Union has $156.88 million in assets with $23.98 million in equity, resulting in a capitalization level of 15.29%, which is excellent.

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