Northeast Credit Union

Northeast Credit Union is headquartered in Portsmouth and is the 3^rd largest credit union in the state of New Hampshire. It is also the 276^th largest credit union in the nation. It was established in 1936 and as of September of 2011, it had grown to 153 employees and 71,114 members. Northeast Credit Union has a 5-star health rating.

Northeast Credit Union Routing Number: 211489630

Northeast Credit Union Checking Account Rates

Northeast Credit Union Savings Account Rates

Northeast Credit Union Money Market Rates

Northeast Credit Union CD Rates

Northeast Credit Union IRA Rates

Data for Q3 2011

Institution Statistics NORTHEAST NCUA # 68219 BankRate Report View Year Established 1936 Employees 153 Primary Regulator Assets and Liabilities Assets $709.83 million Loans $570.17 million Deposits $603.87 million Equity Capital $60.41 million Loan Loss Allowance $7.23 million Unbacked Noncurrent Loans $2.70 million Real Estate Owned $268,000 Historic Data - September 2010 Assets $696.55 million Equity Capital $53.37 million Loan Loss Allowance $7.49 million Unbacked Noncurrent Loans $3.88 million Real Estate Owned $1.27 million Profit Margin - Quarterly Net Interest Margin 2.93% Return on Assets 0.94% Return on Equity 11.02% Interest Income $22.30 million Non-Interest Income $7.34 million

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 September 30, 2011 Northeast Credit Union had $2.97 million in non-current loans and owned real-estate with $67.63 million in equity and loan loss allowances on hand to cover it. This gives Northeast Credit Union a Texas Ratio of 4.39% 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 Northeast Credit Union decreased significantly from 8.45% as of September 30, 2010 to 4.39% as of September 30, 2011, resulting in a positive change of 48.11%.This indicates that the balance sheet and financial strength for Northeast Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Northeast Credit Union has increased its total deposits by $8.84 million, resulting in 1.49% 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 Northeast 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. Northeast Credit Union has $709.83 million in assets with $67.63 million in equity, resulting in a capitalization level of 9.53%, which is average.

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