Minnequa Works Credit Union

Minnequa Works Credit Union is headquartered in PUEBLO and is the 15^st largest credit union in the state of Colorado. It is also the 1,012^st largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 45 employees and 21,938 members. Minnequa Works Credit Union has a 4-star health rating.

Minnequa Works Credit Union Routing Number: 307077231

Minnequa Works Credit Union Savings Account Rates

Minnequa Works Credit Union Money Market Rates

Minnequa Works Credit Union CD Rates

Minnequa Works Credit Union IRA Rates

Data for Q4 2011

Institution Statistics MINNEQUA WORKS NCUA # 68240 BankRate Report View Year Chartered 1937 Employees 45 Primary Regulator Assets and Liabilities Assets $159.28 million Loans $87.38 million Deposits $143.49 million Equity Capital $15.10 million Loan Loss Allowance $2.30 million Unbacked Noncurrent Loans $2.82 million Historic Data - December 2010 Assets $155.50 million Equity Capital $14.27 million Loan Loss Allowance $2.13 million Unbacked Noncurrent Loans $2.42 million Real Estate Owned $35,000 Profit Margin - Quarterly Net Interest Margin 6.49% Return on Assets 0.47% Return on Equity 4.99% Interest Income $6.51 million Non-Interest Income $1.78 million

Institution Health Overall Score: 4 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 Minnequa Works Credit Union had $2.82 million in non-current loans and owned real-estate with $17.4 million in equity and loan loss allowances on hand to cover it. This gives Minnequa Works Credit Union a Texas Ratio of 16.21% 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 Minnequa Works Credit Union held steady from 14.98% as of December 31, 2010 to 16.21% as of December 31, 2011, resulting in a negative change of 8.22%. This indicates that the balance sheet and financial strength for Minnequa Works Credit Union has held steady in recent periods. Deposit Growth In the past year, Minnequa Works Credit Union has increased its total deposits by $2.69 million, resulting in 1.91% 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 Minnequa Works Credit Union has shown is above 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. Minnequa Works Credit Union has $159.28 million in assets with $17.4 million in equity, resulting in a capitalization level of 10.93%, which is above average.

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