Institution Statistics
| NEW PILGRIM | | NCUA # | 16858 | | BankRate Report | View | | Year Chartered | 1965 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.53 million | | Loans | $340,000 | | Deposits | $1.36 million | | Equity Capital | $167,000 | | Loan Loss Allowance | $6,000 | | Unbacked Noncurrent Loans | $1,000 |
Historic Data - December 2010 | | Assets | $1.33 million | | Equity Capital | $180,000 | | Loan Loss Allowance | $9,000 |
Profit Margin - Quarterly | | Net Interest Margin | 10.15% | | Return on Assets | -0.78% | | Return on Equity | -7.19% | | Interest Income | $51,000 | | Non-Interest Income | $16,000 |
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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 New Pilgrim Credit Union had $1,000 in non-current loans and owned real-estate with $173,000 in equity and loan loss allowances on hand to cover it. This gives New Pilgrim Credit Union a Texas Ratio of 0.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, New Pilgrim Credit Union has increased its total deposits by $213,000, resulting in 18.59% 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 Pilgrim 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. New Pilgrim Credit Union has $1.53 million in assets with $173,000 in equity, resulting in a capitalization level of 11.29%, which is above average. |
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