Institution Statistics
| MILLARD COUNTY | | NCUA # | 60494 | | BankRate Report | View | | Year Chartered | 1956 | | Employees | 13 | | Primary Regulator | |
Assets and Liabilities | | Assets | $26.66 million | | Loans | $15.33 million | | Deposits | $23.46 million | | Equity Capital | $2.89 million | | Loan Loss Allowance | $67,000 | | Unbacked Noncurrent Loans | $56,000 |
Historic Data - December 2010 | | Assets | $24.45 million | | Equity Capital | $2.97 million | | Loan Loss Allowance | $61,000 | | Unbacked Noncurrent Loans | $49,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.31% | | Return on Assets | 0.31% | | Return on Equity | 2.87% | | Interest Income | $1.06 million | | Non-Interest Income | $183,000 |
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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 Millard County Credit Union had $56,000 in non-current loans and owned real-estate with $2.96 million in equity and loan loss allowances on hand to cover it. This gives Millard County Credit Union a Texas Ratio of 1.89% 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 Millard County Credit Union held steady from 1.61% as of December 31, 2010 to 1.89% as of December 31, 2011, resulting in a negative change of 17.14%. This indicates that the balance sheet and financial strength for Millard County Credit Union has held steady in recent periods. | | Deposit Growth | | | In the past year, Millard County Credit Union has increased its total deposits by $2.12 million, resulting in 9.91% 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 Millard County 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. Millard County Credit Union has $26.66 million in assets with $2.96 million in equity, resulting in a capitalization level of 11.11%, which is above average. |
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