Mercy-City-Lehigh Family Credit Union

Mercy-City-Lehigh Family Credit Union is headquartered in Mason City and is the 40^th largest credit union in the state of Iowa. It is also the 2,903^rd largest credit union in the nation. It was established in 1965 and as of December of 2011, it had grown to 6 employees and 4,500 members. Mercy-City-Lehigh Family Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

Mercy-City-Lehigh Family Credit Union Savings Account Rates

Mercy-City-Lehigh Family Credit Union CD Rates

Mercy-City-Lehigh Family Credit Union IRA Rates

Data for Q4 2011

Institution Statistics MERCY-CITY-LEHIGH FAMILY NCUA # 65238 BankRate Report View Year Chartered 1965 Employees 6 Primary Regulator Assets and Liabilities Assets $30.60 million Loans $19.11 million Deposits $25.75 million Equity Capital $4.76 million Loan Loss Allowance $95,000 Unbacked Noncurrent Loans $2,000 Historic Data - December 2010 Assets $29.66 million Equity Capital $4.46 million Loan Loss Allowance $97,000 Unbacked Noncurrent Loans $79,000 Profit Margin - Quarterly Net Interest Margin 4.78% Return on Assets 1% Return on Equity 6.43% Interest Income $1.18 million Non-Interest Income $229,000

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 Mercy-City-Lehigh Family Credit Union had $2,000 in non-current loans and owned real-estate with $4.86 million in equity and loan loss allowances on hand to cover it. This gives Mercy-City-Lehigh Family Credit Union a Texas Ratio of 0.04% 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 Mercy-City-Lehigh Family Credit Union decreased significantly from 1.74% as of December 31, 2010 to 0.04% as of December 31, 2011, resulting in a positive change of 97.63%.This indicates that the balance sheet and financial strength for Mercy-City-Lehigh Family Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Mercy-City-Lehigh Family Credit Union has increased its total deposits by $612,000, resulting in 2.44% 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 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 $30.6 million in assets with $4.86 million in equity, resulting in a capitalization level of 15.88%, which is excellent.

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