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Overview / Commentary
402-634-2911
P.o.box 108
Meadow Grove, NE 68752

Meadow Grove Credit Union is headquartered in Meadow Grove and is the 56th largest credit union in the state of Nebraska. It is also the 5,202nd largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 1 employees and 599 members. Meadow Grove Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Madison County, Nebraska. - See Details

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Health

Data for Q4 2013

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. Meadow Grove Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Meadow Grove Credit Union had $90,000 in non-current loans and owned real-estate with $672,000 in equity and loan loss allowances on hand to cover it. This gives Meadow Grove Credit Union a Texas Ratio of 13.39% 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 Meadow Grove Credit Union increased slightly from 1.91% as of December 31, 2012 to 13.39% as of December 31, 2013, resulting in a negative change of 600.89%. This indicates that the balance sheet and financial strength for Meadow Grove Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Meadow Grove Credit Union has increased its total deposits by $295,000, resulting in 6.66% 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 Meadow Grove Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Meadow Grove Credit Union has $5.31 million in assets with $672,000 in equity, resulting in a capitalization level of 12.66%, which is excellent.

Institution Statistics

Overall
NCUA #24759
Year Chartered1984
Employees1
Primary Regulator
Assets and Liabilities
Assets$5.31 million
Loans$4.22 million
Deposits$4.72 million
Equity Capital$567,000
Loan Loss Allowance$105,000
Unbacked Noncurrent Loans$90,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.97 million
Equity Capital$526,000
Loan Loss Allowance$102,000
Unbacked Noncurrent Loans$90,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.47%
Return on Assets0.75%
Return on Equity7.05%
Interest Income$228,000
Rates
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Meadow Grove Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$5k-Passbook Savings

Meadow Grove Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%--24 Month CD
0.50%--12 Month CD
0.25%--6 Month CD
Locations


Meadow Grove Credit Union Locations
Branch Office210 Main StMeadow Grove, NE 68752-4131