Marion Community Credit Union is headquartered in MARION and is the 89th largest credit union in the state of Ohio. It is also the 2,130th largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 22 employees and 8,256 members. Marion Community Credit Union has a B+ health rating.
Anyone who lives, works or studies (must be a full-time student) in the Marion or Morrow Counties can be a member of the Marion Community Credit Union. Anyone who has an immediate family member who is a member of the credit union can also join. - See Details
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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, 2013 Marion Community Credit Union had $364,000 in non-current loans and owned real-estate with $5.62 million in equity and loan loss allowances on hand to cover it. This gives Marion Community Credit Union a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Marion Community Credit Union decreased dramatically from 13.04% as of December 31, 2012 to 6.48% as of December 31, 2013, resulting in a positive change of 50.30%.This indicates that the balance sheet and financial strength for Marion Community Credit Union has improved dramatically in recent periods.
In the past year, Marion Community Credit Union has decreased its total deposits by -$1.19 million, resulting in -2.27% 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 Marion Community Credit Union has shown is average.
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. Marion Community Credit Union has $56.78 million in assets with $5.62 million in equity, resulting in a capitalization level of 9.89%, which is above average.
|Assets and Liabilities|
|Equity Capital||$5.31 million|
|Loan Loss Allowance||$307,000|
|Unbacked Noncurrent Loans||$318,000|
|Real Estate Owned||$46,000|
|Historic Data - December 2012|
|Equity Capital||$6.08 million|
|Loan Loss Allowance||$382,000|
|Unbacked Noncurrent Loans||$318,000|
|Real Estate Owned||$111,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.89%|
|Return on Assets||0.13%|
|Return on Equity||1.37%|
|Interest Income||$1.92 million|
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|0.25%||-||-||Educational IRA Share|
|0.25%||-||-||Roth IRA Share|
|0.25%||-||-||Traditional IRA Share|
|0.08%||-||-||Kids Club Savings|
|0.08%||-||-||Teen Club Savings|
|0.08%||$100||-||Regular Share / Savings|
|0.30%||$100k||-||Variable Money Market|
|0.05%||-||-||Business Plus Checking|
|0.05%||-||-||Share Draft / Checking|
|1.00%||$1k||-||60 Month Share Certificate|
|0.80%||$1k||-||48 - 59 Month Share Certificate|
|0.50%||$1k||-||36 - 47 Month Share Certificate|
|0.45%||$1k||-||24 - 35 Month Share Certificate|
|0.25%||$1k||-||12 - 23 Month Share Certificate|
|1.00%||$1k||-||60 Month IRA Certificate (Traditional,Roth,CESA)|
|0.80%||$1k||-||48 - 59 Month IRA Certificate (Traditional,Roth,CESA)|
|0.50%||$1k||-||36 - 47 Month IRA Certificate (Traditional,Roth,CESA)|
|0.45%||$1k||-||24 - 35 Month IRA Certificate (Traditional,Roth,CESA)|
|0.25%||$1k||-||12 - 23 Month IRA Certificate (Traditional,Roth,CESA)|
|Marion Community Credit Union Locations|
|Branch Office||810 KENTON AVE||MARION, OH 43302|
|Branch Office||300 BARKS RD E||MARION, OH 43302|