Mutual Savings CU (GA)

Mutual Savings CU (GA) is headquartered in Atlanta and is the 31^st largest credit union in the state of Georgia. It is also the 1,868^th largest credit union in the nation. It was established in 1991 and as of December of 2011, it had grown to 12 employees and 6,226 members. Mutual Savings CU (GA) has a 5-star health rating.

Mutual Savings CU (GA) Checking Account Rates

Mutual Savings CU (GA) Savings Account Rates

Mutual Savings CU (GA) Money Market Rates

Mutual Savings CU (GA) CD Rates

Data for Q4 2011

Institution Statistics MUTUAL SAVINGS NCUA # 67388 BankRate Report View Year Chartered 1991 Employees 12 Primary Regulator Assets and Liabilities Assets $67.15 million Loans $33.14 million Deposits $59.18 million Equity Capital $7.65 million Loan Loss Allowance $385,000 Unbacked Noncurrent Loans $328,000 Historic Data - December 2010 Assets $64.91 million Equity Capital $7.51 million Loan Loss Allowance $753,000 Unbacked Noncurrent Loans $395,000 Real Estate Owned $335,000 Profit Margin - Quarterly Net Interest Margin 5.62% Return on Assets 0.21% Return on Equity 1.84% Interest Income $2.46 million Non-Interest Income $388,000

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 Mutual Savings CU (GA) had $328,000 in non-current loans and owned real-estate with $8.04 million in equity and loan loss allowances on hand to cover it. This gives Mutual Savings CU (GA) a Texas Ratio of 4.08% 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 Mutual Savings CU (GA) decreased significantly from 8.83% as of December 31, 2010 to 4.08% as of December 31, 2011, resulting in a positive change of 53.81%.This indicates that the balance sheet and financial strength for Mutual Savings CU (GA) has improved significantly in recent periods. Deposit Growth In the past year, Mutual Savings CU (GA) has increased its total deposits by $1.94 million, resulting in 3.39% 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 Mutual Savings CU (GA) 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. Mutual Savings CU (GA) has $67.15 million in assets with $8.04 million in equity, resulting in a capitalization level of 11.97%, which is above average.

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