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 5,268th largest credit union in the nation. It was established in 1984 and as of September of 2013, it had grown to 1 employees and 579 members. Meadow Grove Credit Union has a B+ health rating.
Must live, work, worship or attend school in Madison County, Nebraska. - 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 September 30, 2013 Meadow Grove Credit Union had $79,000 in non-current loans and owned real-estate with $657,000 in equity and loan loss allowances on hand to cover it. This gives Meadow Grove Credit Union a Texas Ratio of 12.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Meadow Grove Credit Union increased slightly from 0.00% as of September 30, 2012 to 12.02% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Meadow Grove Credit Union has declined slightly in recent periods.
In the past year, Meadow Grove Credit Union has increased its total deposits by $44,000, resulting in 0.96% 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 above 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. Meadow Grove Credit Union has $5.23 million in assets with $657,000 in equity, resulting in a capitalization level of 12.57%, which is excellent.
|Assets and Liabilities|
|Loan Loss Allowance||$102,000|
|Unbacked Noncurrent Loans||$79,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Loan Loss Allowance||$88,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.17%|
|Return on Assets||0.71%|
|Return on Equity||6.73%|
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|1.00%||-||-||24 Month CD|
|0.75%||-||-||12 Month CD|
|0.45%||-||-||6 Month CD|
|Meadow Grove Credit Union Locations|
|Branch Office||210 Main St||Meadow Grove, NE 68752-4131|