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Overview / Commentary
800-328-1120
400 Russell Ave., Bldg. #509
New Orleans, LA 70143

NAS JRB Credit Union is headquartered in New Orleans and is the 57th largest credit union in the state of Louisiana. It is also the 3,010st largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 16 employees and 5,419 members. NAS JRB Credit Union's savings rates are 44% higher than the national average, but it has a C health rating.

Field of Membership Restrictions

Must be an Active Duty or Active Reserve member of the military service or be a Federal Civil Service employee. Also open to all military retirees and members of Veterans of Foreign Wars, 1st District, State of Louisiana - See Details

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. NAS JRB Credit Union has a low asset base.

Texas Ratio

GRADE:
B

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, 2013 NAS JRB Credit Union had $518,000 in non-current loans and owned real-estate with $2.83 million in equity and loan loss allowances on hand to cover it. This gives NAS JRB Credit Union a Texas Ratio of 18.31% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for NAS JRB Credit Union increased slightly from 12.92% as of December 31, 2012 to 18.31% as of December 31, 2013, resulting in a negative change of 41.67%. This indicates that the balance sheet and financial strength for NAS JRB Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, NAS JRB Credit Union has decreased its total deposits by -$2.08 million, resulting in -7.46% 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 NAS JRB Credit Union has shown is below average.

Capitalization

GRADE:
B

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. NAS JRB Credit Union has $28.31 million in assets with $2.83 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
NCUA #60842
Year Chartered1948
Employees16
Primary Regulator
Assets and Liabilities
Assets$28.31 million
Loans$19.22 million
Deposits$25.73 million
Equity Capital$2.53 million
Loan Loss Allowance$300,000
Unbacked Noncurrent Loans$518,000
Real Estate Owned$0
Historic Data - December 2012
Assets$30.42 million
Equity Capital$2.52 million
Loan Loss Allowance$221,000
Unbacked Noncurrent Loans$518,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.59%
Return on Assets0.03%
Return on Equity0.36%
Interest Income$1.40 million
Rates
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NAS JRB Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Youth Savings Account
0.75%$20k-IRA Share Account
0.75%$20k-Roth IRA Share Account
0.50%--Christmas Club Account
0.15%$5k-Regular Share Account

NAS JRB Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Patriotic Sharedraft Account
0.10%--United Sharedraft Account

NAS JRB Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$500-5 Year One Time Step Up Share Certificate
0.65%$500-2 Year One Time Step Up Share Certificate
0.55%$500-1 Year Share Certificate
0.25%$500-6 Month Share Certificate

NAS JRB Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$500-5 Year One Time Step Up IRA Certificate (Traditional,Roth)
0.65%$500-2 Year One Time Step Up IRA Certificate (Traditional,Roth)
0.55%$500-1 Year IRA Certificate (Traditional,Roth)
0.25%$500-6 Month IRA Certificate (Traditional,Roth)
Locations


NAS JRB Credit Union Locations
Branch Office400 Russell Ave Bldg 509New Orleans, LA 70143-5077
Branch Office7532 Highway 23 Suite ABelle Chasse, LA 70037