Institution Statistics
| MICO EMPLOYEES | | NCUA # | 60259 | | BankRate Report | View | | Year Chartered | 1967 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.95 million | | Loans | $883,000 | | Deposits | $1.64 million | | Equity Capital | $296,000 | | Loan Loss Allowance | $10,000 | | Unbacked Noncurrent Loans | $11,000 |
Historic Data - December 2010 | | Assets | $1.86 million | | Equity Capital | $308,000 | | Loan Loss Allowance | $10,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.23% | | Return on Assets | 0% | | Return on Equity | 0% | | Interest Income | $46,000 |
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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 Mico Employees Credit Union had $11,000 in non-current loans and owned real-estate with $306,000 in equity and loan loss allowances on hand to cover it. This gives Mico Employees Credit Union a Texas Ratio of 3.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Mico Employees Credit Union has increased its total deposits by $90,000, resulting in 5.82% 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 Mico Employees Credit Union has shown is excellent. | | 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. Mico Employees Credit Union has $1.95 million in assets with $306,000 in equity, resulting in a capitalization level of 15.69%, which is excellent. |
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