Marisol Credit Union is headquartered in Phoenix and is the 26th largest credit union in the state of Arizona. It is also the 2,824th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 20 employees and 7,115 members. Marisol Credit Union has a B+ health rating.
Must be an employee or retiree of Maricopa County. Also open to those who live, work or worship in selected areas in Mesa, Arizona. - 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 Marisol Credit Union had $116,000 in non-current loans and owned real-estate with $2.94 million in equity and loan loss allowances on hand to cover it. This gives Marisol Credit Union a Texas Ratio of 3.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Marisol Credit Union held steady from 2.82% as of December 31, 2012 to 3.94% as of December 31, 2013, resulting in a negative change of 39.97%. This indicates that the balance sheet and financial strength for Marisol Credit Union has held steady in recent periods.
In the past year, Marisol Credit Union has increased its total deposits by $1.2 million, resulting in 4.28% 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 Marisol Credit Union has shown is excellent.
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. Marisol Credit Union has $32.64 million in assets with $2.94 million in equity, resulting in a capitalization level of 9.02%, which is average.
|Assets and Liabilities|
|Equity Capital||$2.75 million|
|Loan Loss Allowance||$192,000|
|Unbacked Noncurrent Loans||$98,000|
|Real Estate Owned||$18,000|
|Historic Data - December 2012|
|Equity Capital||$2.82 million|
|Loan Loss Allowance||$236,000|
|Unbacked Noncurrent Loans||$98,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||6.46%|
|Return on Assets||0.33%|
|Return on Equity||3.96%|
|Interest Income||$1.32 million|
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|0.15%||$10k||-||IRA Savings Account|
|0.15%||$10k||-||Roth IRA Savings Account|
|0.15%||$10k||-||Coverdell Education Savings Account|
|0.10%||$25||-||Kids Club Account|
|0.10%||-||-||Vacation Club Account|
|0.10%||-||-||Christmas Club Account|
|0.03%||$25||-||Share (Savings) Account|
|0.05%||$1k||-||Money Market Savings Account|
|0.10%||-||-||Premier Checking Account|
|0.85%||$500||-||60 Month Share CD|
|0.55%||$500||-||36 Month Share CD|
|0.40%||$500||-||24 Month Share CD|
|0.15%||$500||-||12 Month Share CD|
|0.10%||$500||-||6 Month Share CD|
|0.95%||$500||-||60 Month IRA Share Certificate (Traditional,Roth)|
|0.65%||$500||-||36 Month IRA Share Certificate (Traditional,Roth)|
|0.50%||$500||-||24 Month IRA Share Certificate (Traditional,Roth)|
|0.25%||$500||-||12 Month IRA Share Certificate (Traditional,Roth)|
|0.25%||$2k||-||12 Month Coverdell IRA Share Certificate|
|0.20%||$500||-||6 Month IRA Share Certificate (Traditional,Roth)|
|Marisol Credit Union Locations|
|Branch Office||3220 W Gibson Ln SUITE 200||Phoenix, AZ 85009|
|Branch Office||635 E Broadway Rd||Mesa, AZ 85204|
|Branch Office||721 N 3rd St||Phoenix, AZ 85004|
|Branch Office||2601 E ROOSEVELT ST Rm 0-B-23||PHOENIX, AZ 85008-4973|