Mil-Way Credit Union

Mil-Way Credit Union is headquartered in Texarkana and is the 3^rd largest credit union in the state of Arkansas. It is also the 1,385^th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 30 employees and 10,178 members. Mil-Way Credit Union has a 5-star health rating.

Mil-Way Credit Union Checking Account Rates

Mil-Way Credit Union Savings Account Rates

Mil-Way Credit Union CD Rates

Data for Q4 2011

Institution Statistics MIL-WAY NCUA # 24197 BankRate Report View Year Chartered 1956 Employees 30 Primary Regulator Assets and Liabilities Assets $104.93 million Loans $56.00 million Deposits $94.16 million Equity Capital $10.06 million Loan Loss Allowance $99,000 Unbacked Noncurrent Loans $66,000 Historic Data - December 2010 Assets $95.41 million Equity Capital $9.58 million Loan Loss Allowance $78,000 Unbacked Noncurrent Loans $94,000 Profit Margin - Quarterly Net Interest Margin 5.12% Return on Assets 0.47% Return on Equity 4.91% Interest Income $3.72 million Non-Interest Income $785,000

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 Mil-Way Credit Union had $66,000 in non-current loans and owned real-estate with $10.16 million in equity and loan loss allowances on hand to cover it. This gives Mil-Way Credit Union a Texas Ratio of 0.65% 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 Mil-Way Credit Union decreased slightly from 0.97% as of December 31, 2010 to 0.65% as of December 31, 2011, resulting in a positive change of 33.25%.This indicates that the balance sheet and financial strength for Mil-Way Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Mil-Way Credit Union has increased its total deposits by $8.93 million, resulting in 10.47% 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 Mil-Way 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. Mil-Way Credit Union has $104.93 million in assets with $10.16 million in equity, resulting in a capitalization level of 9.68%, which is average.

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