New Haven Postal Employees Credit Union

New Haven Postal Employees Credit Union is headquartered in New Haven and is the 78^th largest credit union in the state of Connecticut. It is also the 4,531^st largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 6 employees and 3,227 members. New Haven Postal Employees Credit Union's savings rates are 92% higher than the national average, but it has a 2-star health rating.

New Haven Postal Employees Credit Union Checking Account Rates

New Haven Postal Employees Credit Union Savings Account Rates

New Haven Postal Employees Credit Union CD Rates

Data for Q4 2011

Institution Statistics NEW HAVEN POSTAL EMPLOYEES NCUA # 7353 BankRate Report View Year Chartered 1951 Employees 6 Primary Regulator Assets and Liabilities Assets $10.57 million Loans $5.11 million Deposits $9.71 million Equity Capital $631,000 Loan Loss Allowance $207,000 Unbacked Noncurrent Loans $203,000 Real Estate Owned $80,000 Historic Data - December 2010 Assets $11.42 million Equity Capital $950,000 Loan Loss Allowance $196,000 Unbacked Noncurrent Loans $260,000 Real Estate Owned $110,000 Profit Margin - Quarterly Net Interest Margin 8.26% Return on Assets -3.02% Return on Equity -50.55% Interest Income $502,000 Non-Interest Income $240,000

Institution Health Overall Score: 2 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 New Haven Postal Employees Credit Union had $283,000 in non-current loans and owned real-estate with $838,000 in equity and loan loss allowances on hand to cover it. This gives New Haven Postal Employees Credit Union a Texas Ratio of 33.77% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for New Haven Postal Employees Credit Union held steady from 32.29% as of December 31, 2010 to 33.77% as of December 31, 2011, resulting in a negative change of 4.60%. This indicates that the balance sheet and financial strength for New Haven Postal Employees Credit Union has held steady in recent periods. Deposit Growth In the past year, New Haven Postal Employees Credit Union has decreased its total deposits by $-559,000, resulting in -5.44% 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 New Haven Postal Employees Credit Union has shown is poor. 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. New Haven Postal Employees Credit Union has $10.57 million in assets with $838,000 in equity, resulting in a capitalization level of 7.93%, which is below average.

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