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Overview / Commentary
641-428-7361
1341 6th St Sw
Mason City, IA 50401

Mercy-City-Lehigh Family Credit Union is headquartered in Mason City and is the 37th largest credit union in the state of Iowa. It is also the 2,658th largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 11 employees and 4,190 members. Mercy-City-Lehigh Family Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be a health related professional or employee working within a 65 mile radius of Mason City. Also open to employees of the City of Mason or several other companies. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Mercy-City-Lehigh Family Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Mercy-City-Lehigh Family Credit Union had $165,000 in non-current loans and owned real-estate with $6.12 million in equity and loan loss allowances on hand to cover it. This gives Mercy-City-Lehigh Family Credit Union a Texas Ratio of 2.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Mercy-City-Lehigh Family Credit Union decreased slightly from 3.22% as of December 31, 2012 to 2.70% as of December 31, 2013, resulting in a positive change of 16.30%.This indicates that the balance sheet and financial strength for Mercy-City-Lehigh Family Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Mercy-City-Lehigh Family Credit Union has increased its total deposits by $289,000, resulting in 0.93% 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 Mercy-City-Lehigh Family Credit Union has shown is above average.

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. Mercy-City-Lehigh Family Credit Union has $37.29 million in assets with $6.12 million in equity, resulting in a capitalization level of 16.40%, which is excellent.

Institution Statistics

Overall
NCUA #65238
Year Chartered1965
Employees11
Primary Regulator
Assets and Liabilities
Assets$37.29 million
Loans$22.74 million
Deposits$31.21 million
Equity Capital$6.04 million
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$0
Historic Data - December 2012
Assets$36.83 million
Equity Capital$5.84 million
Loan Loss Allowance$87,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$85,000
Profit Margin - Quarterly
Net Interest Margin4.07%
Return on Assets0.54%
Return on Equity3.33%
Interest Income$1.13 million
Rates
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Mercy-City-Lehigh Family Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IRA Account
0.15%$25-Kids Klub Account
0.15%$25-Christmas Club Account
0.10%$25-Share Account

Mercy-City-Lehigh Family Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$5k-Super Share Draft

Mercy-City-Lehigh Family Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-36 Month CD
0.75%$1k-24 Month CD
0.25%$1k-12 Month CD
0.15%$1k-6 Month CD

Mercy-City-Lehigh Family Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-36 Month IRA
0.75%$1k-24 Month IRA
0.25%$1k-12 Month IRA
0.15%$1k-6 Month IRA
Locations


Mercy-City-Lehigh Family Credit Union Locations
Branch Office1341 6th St SWMason City, IA 50401-4815
Branch Office1341 6th St SWMason City, IA 50401-4815