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Louisville Metro Police Officers Credit Union

Overview / Commentary
502-584-7134
900 W MARKET ST STE 100
LOUISVILLE, KY 40202-2600

Louisville Metro Police Officers Credit Union is headquartered in LOUISVILLE and is the 33rd largest credit union in the state of Kentucky. It is also the 3,343rd largest credit union in the nation. It was established in 1942 and as of March of 2014, it had grown to 9 employees and 3,663 members. Louisville Metro Police Officers Credit Union's savings rates are 8X the national average, but it has a C health rating.

Field of Membership Restrictions

Must be an officer of the Louisville Metro Police Department. - 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. Louisville Metro Police Officers Credit Union has a low asset base.

Texas Ratio

GRADE:
B

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 Louisville Metro Police Officers Credit Union had $473,000 in non-current loans and owned real-estate with $2.33 million in equity and loan loss allowances on hand to cover it. This gives Louisville Metro Police Officers Credit Union a Texas Ratio of 20.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Louisville Metro Police Officers Credit Union increased slightly from 0.85% as of March 31, 2013 to 20.34% as of March 31, 2014, resulting in a negative change of 2,297.03%. This indicates that the balance sheet and financial strength for Louisville Metro Police Officers Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Louisville Metro Police Officers Credit Union has decreased its total deposits by $-407,000, resulting in -1.95% 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 Louisville Metro Police Officers Credit Union has shown is 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. Louisville Metro Police Officers Credit Union has $23.22 million in assets with $2.33 million in equity, resulting in a capitalization level of 10.02%, which is above average.

Institution Statistics

Overall
NCUA #61772
Year Chartered1942
Employees9
Primary Regulator
Assets and Liabilities
Assets$23.22 million
Loans$17.02 million
Deposits$20.47 million
Equity Capital$2.09 million
Loan Loss Allowance$238,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$0
Historic Data - March 2013
Assets$22.70 million
Equity Capital$1.67 million
Loan Loss Allowance$212,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.77%
Return on Assets1.91%
Return on Equity21.26%
Interest Income$361,000
Rates
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Louisville Metro Police Officers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
4.06%--IRA Account
0.02%--Regular Savings

Louisville Metro Police Officers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$500-24 Month CD
1.00%$500-12 Month CD
0.60%$500-6 Month CD
Locations


Louisville Metro Police Officers Credit Union Locations
Branch Office7201 OUTER LOOP STE 128LOUISVILLE, KY 40228
Branch Office1402 BURGHARD STLOUISVILLE, KY 40210
Branch Office900 W MARKET ST STE 100LOUISVILLE, KY 40202-2600