Institution Statistics
| MERRIMACK COLLEGE | | NCUA # | 20944 | | BankRate Report | View | | Year Chartered | 1972 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $6.95 million | | Loans | $2.77 million | | Deposits | $5.73 million | | Equity Capital | $1.21 million | | Loan Loss Allowance | $25,000 | | Unbacked Noncurrent Loans | $26,000 |
Historic Data - December 2010 | | Assets | $6.95 million | | Equity Capital | $1.21 million | | Loan Loss Allowance | $25,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.18% | | Return on Assets | 0% | | Return on Equity | 0% | | Interest Income | $204,000 | | Non-Interest Income | $1,000 |
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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 Merrimack College Credit Union had $26,000 in non-current loans and owned real-estate with $1.24 million in equity and loan loss allowances on hand to cover it. This gives Merrimack College Credit Union a Texas Ratio of 2.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Merrimack College Credit Union has increased its total deposits by $9,000, resulting in 0.16% 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 Merrimack College Credit Union has shown is 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. Merrimack College Credit Union has $6.95 million in assets with $1.24 million in equity, resulting in a capitalization level of 17.79%, which is excellent. |
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