Institution Statistics
| M E C O | | NCUA # | 13644 | | BankRate Report | View | | Year Chartered | 1960 | | Employees | 2 | | Primary Regulator | |
Assets and Liabilities | | Assets | $5.01 million | | Loans | $3.03 million | | Deposits | $4.21 million | | Equity Capital | $789,000 | | Loan Loss Allowance | $19,000 |
Historic Data - December 2010 | | Assets | $4.68 million | | Equity Capital | $802,000 | | Loan Loss Allowance | $24,000 | | Unbacked Noncurrent Loans | $26,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.88% | | Return on Assets | -0.26% | | Return on Equity | -1.65% | | Interest Income | $203,000 | | Non-Interest Income | $19,000 |
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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 M E C O Credit Union had $0 in non-current loans and owned real-estate with $808,000 in equity and loan loss allowances on hand to cover it. This gives M E C O Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, M E C O Credit Union has increased its total deposits by $340,000, resulting in 8.78% 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 M E C O Credit Union has shown is excellent. | | 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. M E C O Credit Union has $5.01 million in assets with $808,000 in equity, resulting in a capitalization level of 16.13%, which is excellent. |
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