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North Carolina Press Association Credit Union

North Carolina Press Association Credit Union
Overview / Commentary
P.O. Box 27744
Raleigh, NC 27690

North Carolina Press Association Credit Union is headquartered in Raleigh and is the 75th largest credit union in the state of North Carolina. It is also the 5,024th largest credit union in the nation. It was established in 1984 and as of December of 2013, it had grown to 1,362 members. North Carolina Press Association Credit Union has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. North Carolina Press Association Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 North Carolina Press Association Credit Union had $8,000 in non-current loans and owned real-estate with $852,000 in equity and loan loss allowances on hand to cover it. This gives North Carolina Press Association Credit Union a Texas Ratio of 0.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for North Carolina Press Association Credit Union experienced no significant changes from 0.25% as of December 31, 2012 to 0.94% as of December 31, 2013, resulting in a negative change of 274.65%. This indicates that the balance sheet and financial strength for North Carolina Press Association Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, North Carolina Press Association Credit Union has increased its total deposits by $659,000, resulting in 13.51% 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

GRADE:
A+

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 $6.36 million in assets with $852,000 in equity, resulting in a capitalization level of 13.41%, which is excellent.

Institution Statistics

Overall
NCUA #24140
Year Chartered1984
Employees0
Primary Regulator
Assets and Liabilities
Assets$6.36 million
Loans$836,000
Deposits$5.54 million
Equity Capital$812,000
Loan Loss Allowance$40,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Historic Data - December 2012
Assets$5.65 million
Equity Capital$762,000
Loan Loss Allowance$36,000
Unbacked Noncurrent Loans$8,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.74%
Return on Assets0.77%
Return on Equity6.03%
Interest Income$77,000
Rates

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Locations


North Carolina Press Association Credit Union Locations
Branch Office1000 Wade AveRaleigh, NC 27605-1157