M. G. & E. Credit Union

M. G. & E. Credit Union is headquartered in Madison and is the 166^th largest credit union in the state of Wisconsin. It is also the 6,025^th largest credit union in the nation. It was established in 1933 and as of December of 2011, it had grown to 2 employees and 979 members. M. G. & E. Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics M. G. & E. NCUA # 66500 BankRate Report View Year Chartered 1933 Employees 2 Primary Regulator Assets and Liabilities Assets $3.02 million Loans $2.08 million Deposits $2.58 million Equity Capital $420,000 Loan Loss Allowance $17,000 Unbacked Noncurrent Loans $24,000 Historic Data - December 2010 Assets $3.00 million Equity Capital $439,000 Loan Loss Allowance $9,000 Unbacked Noncurrent Loans $25,000 Profit Margin - Quarterly Net Interest Margin 6.72% Return on Assets -0.63% Return on Equity -4.52% Interest Income $153,000

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 M. G. & E. Credit Union had $24,000 in non-current loans and owned real-estate with $437,000 in equity and loan loss allowances on hand to cover it. This gives M. G. & E. Credit Union a Texas Ratio of 5.49% 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 M. G. & E. Credit Union held steady from 5.58% as of December 31, 2010 to 5.49% as of December 31, 2011, resulting in a positive change of 1.58%.This indicates that the balance sheet and financial strength for M. G. & E. Credit Union has held steady in recent periods. Deposit Growth In the past year, M. G. & E. Credit Union has increased its total deposits by $42,000, resulting in 1.65% 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. G. & E. 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. M. G. & E. Credit Union has $3.02 million in assets with $437,000 in equity, resulting in a capitalization level of 14.49%, which is excellent.

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