Mesquite Credit Union

Mesquite Credit Union is headquartered in Mesquite and is the 214^st largest credit union in the state of Texas. It is also the 2,772^nd largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 12 employees and 5,185 members. Mesquite Credit Union has a 3-star health rating.

Mesquite Credit Union Routing Number: 311986334

Mesquite Credit Union Checking Account Rates

Mesquite Credit Union Savings Account Rates

Mesquite Credit Union Money Market Rates

Mesquite Credit Union CD Rates

Data for Q4 2011

Institution Statistics MESQUITE NCUA # 67436 BankRate Report View Year Chartered 1968 Employees 12 Primary Regulator Assets and Liabilities Assets $33.47 million Loans $16.39 million Deposits $30.53 million Equity Capital $2.58 million Loan Loss Allowance $138,000 Unbacked Noncurrent Loans $463,000 Historic Data - December 2010 Assets $33.82 million Equity Capital $2.80 million Loan Loss Allowance $182,000 Unbacked Noncurrent Loans $421,000 Real Estate Owned $18,000 Profit Margin - Quarterly Net Interest Margin 5.91% Return on Assets -0.65% Return on Equity -8.48% Interest Income $1.18 million Non-Interest Income $775,000

Institution Health Overall Score: 3 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 Mesquite Credit Union had $463,000 in non-current loans and owned real-estate with $2.72 million in equity and loan loss allowances on hand to cover it. This gives Mesquite Credit Union a Texas Ratio of 17.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Mesquite Credit Union held steady from 14.70% as of December 31, 2010 to 17.02% as of December 31, 2011, resulting in a negative change of 15.74%. This indicates that the balance sheet and financial strength for Mesquite Credit Union has held steady in recent periods. Deposit Growth In the past year, Mesquite Credit Union has decreased its total deposits by $-262,000, resulting in -0.85% 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 Mesquite 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. Mesquite Credit Union has $33.47 million in assets with $2.72 million in equity, resulting in a capitalization level of 8.13%, which is average.

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