Med/Pro Credit Union

Med/Pro Credit Union is headquartered in Akron and is the 188^th largest credit union in the state of Ohio. It is also the 3,939^th largest credit union in the nation. It was established in 1948 and as of December of 2011, it had grown to 7 employees and 4,165 members. Med/Pro Credit Union has a 5-star health rating.

Med/Pro Credit Union Savings Account Rates

Med/Pro Credit Union Money Market Rates

Data for Q4 2011

Institution Statistics MED/PRO NCUA # 5643 BankRate Report View Year Chartered 1948 Employees 7 Primary Regulator Assets and Liabilities Assets $15.35 million Loans $11.31 million Deposits $14.13 million Equity Capital $1.20 million Loan Loss Allowance $63,000 Unbacked Noncurrent Loans $21,000 Historic Data - December 2010 Assets $14.93 million Equity Capital $1.19 million Loan Loss Allowance $70,000 Unbacked Noncurrent Loans $58,000 Profit Margin - Quarterly Net Interest Margin 5.34% Return on Assets 0.07% Return on Equity 0.92% Interest Income $645,000 Non-Interest Income $362,000

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 Med/Pro Credit Union had $21,000 in non-current loans and owned real-estate with $1.26 million in equity and loan loss allowances on hand to cover it. This gives Med/Pro Credit Union a Texas Ratio of 1.67% 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 Med/Pro Credit Union decreased significantly from 4.62% as of December 31, 2010 to 1.67% as of December 31, 2011, resulting in a positive change of 63.91%.This indicates that the balance sheet and financial strength for Med/Pro Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Med/Pro Credit Union has increased its total deposits by $410,000, resulting in 2.99% 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 Med/Pro 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. Med/Pro Credit Union has $15.35 million in assets with $1.26 million in equity, resulting in a capitalization level of 8.20%, which is average.

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