North Penn Credit Union
North Penn Credit Union is headquartered in Colmar and is the 211st largest credit union in the state of Pennsylvania. It is also the 3,858th largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 4 employees and 1,627 members. North Penn Credit Union's savings rates are 15% higher than the national average, and it has a B health rating.
Field of Membership Restrictions
Membership of North Penn Federal Credit Union is currently comprised of employees and their families from the list of separate employee groups as shown on our website. A "family member" is a person related to a credit union member by blood or marriage. - See Details
NPFCU: Excellence And Professionalism
I have been doing business with North Penn Federal Credit Union since 1989. I highly recommend this institution. It is a very safe and conservative CU. The staff is extremely knowledgeable, professional, and courteous. The service is excellent. This CU consistently scores high marks. Excellent. Five stars!
Data for Q4 2013
Institution Health
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, 2013 North Penn Credit Union had $67,000 in non-current loans and owned real-estate with $1.52 million in equity and loan loss allowances on hand to cover it. This gives North Penn Credit Union a Texas Ratio of 4.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for North Penn Credit Union decreased dramatically from 6.49% as of December 31, 2012 to 4.41% as of December 31, 2013, resulting in a positive change of 32.09%.This indicates that the balance sheet and financial strength for North Penn Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, North Penn Credit Union has increased its total deposits by $16,000, resulting in 0.11% 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 Penn Credit Union has shown is above average.
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 Penn Credit Union has $15.65 million in assets with $1.52 million in equity, resulting in a capitalization level of 9.71%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 10720 |
| Year Chartered | 1955 |
| Employees | 4 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $15.65 million |
| Loans | $3.86 million |
| Deposits | $14.15 million |
| Equity Capital | $1.50 million |
| Loan Loss Allowance | $23,000 |
| Unbacked Noncurrent Loans | $37,000 |
| Real Estate Owned | $30,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $15.65 million |
| Equity Capital | $1.52 million |
| Loan Loss Allowance | $40,000 |
| Unbacked Noncurrent Loans | $37,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 6.7% |
| Return on Assets | -0.12% |
| Return on Equity | -1.2% |
| Interest Income | $381,000 |
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North Penn Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.60% | $50k | - | IRA Account | |
| 0.20% | $100 | - | Regular Shares Account | |
| 0.10% | - | - | Christmas Club Account | |
| 0.10% | - | - | Vacation Club Account |
North Penn Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $50k | - | Money Market Account |
North Penn Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Share Draft Checking Account |
North Penn Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $1k | - | 12 Month Share Certificate | |
| 0.50% | $1k | - | 18 Month Share Certificate | |
| 0.50% | $1k | - | 24 Month Share Certificate | |
| 0.40% | $1k | - | 6 Month Share Certificate |
North Penn Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $1k | - | 12 Month IRA Certificate | |
| 0.50% | $1k | - | 18 Month IRA Certificate | |
| 0.50% | $1k | - | 24 Month IRA Certificate | |
| 0.40% | $1k | - | 6 Month IRA Certificate |
| North Penn Credit Union Locations | ||
|---|---|---|
| Branch Office | 123 Bethlehem Pike | Colmar, PA 18915-9778 |