North Carolina Press Association Credit Union
North Carolina Press Association Credit Union is headquartered in Raleigh and is the 76th largest credit union in the state of North Carolina. It is also the 5,283rd largest credit union in the nation. It was established in 1984 and as of December of 2012, it had grown to employees and 1,370 members. North Carolina Press Association Credit Union has a 5-star health rating.
Data for Q4 2012
Institution Statistics
| NORTH CAROLINA PRESS ASSOCIATION | | NCUA # | 24140 | | BankRate Report | View | | Year Chartered | 1984 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $5.65 million | | Loans | $587,000 | | Deposits | $4.88 million | | Equity Capital | $762,000 | | Loan Loss Allowance | $36,000 | | Unbacked Noncurrent Loans | $2,000 |
Historic Data - December 2011 | | Assets | $5.15 million | | Equity Capital | $718,000 | | Loan Loss Allowance | $30,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.75% | | Return on Assets | 0.76% | | Return on Equity | 5.64% | | Interest Income | $79,000 | | Non-Interest Income | $90,000 |
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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, 2012 North Carolina Press Association Credit Union had $2,000 in non-current loans and owned real-estate with $798,000 in equity and loan loss allowances on hand to cover it. This gives North Carolina Press Association Credit Union a Texas Ratio of 0.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, North Carolina Press Association Credit Union has increased its total deposits by $468,000, resulting in 10.61% 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 North Carolina Press Association 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. North Carolina Press Association Credit Union has $5.65 million in assets with $798,000 in equity, resulting in a capitalization level of 14.11%, which is excellent. |
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