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Overview / Commentary
617-373-2900
360 Huntington Ave Rm #129 Cullinane Hall
Boston, MA 02115

Northeastern University Credit Union is headquartered in BOSTON and is the 84th largest credit union in the state of Massachusetts. It is also the 2,899th largest credit union in the nation. It was established in 1969 and as of December of 2013, it had grown to 5 employees and 3,631 members. Northeastern University Credit Union has a C health rating.

Field of Membership Restrictions

Must be an employee of Northeastern University, the Forsyth Dental Center or the New England Conservatory of Music. - See Details

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northeastern University Credit Union has a low asset base.

Texas Ratio

GRADE:
B

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 Northeastern University Credit Union had $537,000 in non-current loans and owned real-estate with $2.64 million in equity and loan loss allowances on hand to cover it. This gives Northeastern University Credit Union a Texas Ratio of 20.31% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Northeastern University Credit Union decreased dramatically from 30.00% as of December 31, 2012 to 20.31% as of December 31, 2013, resulting in a positive change of 32.31%.This indicates that the balance sheet and financial strength for Northeastern University Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Northeastern University Credit Union has decreased its total deposits by -$1.63 million, resulting in -5.34% 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 Northeastern University Credit Union has shown is below average.

Capitalization

GRADE:
C

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. Northeastern University Credit Union has $30.92 million in assets with $2.64 million in equity, resulting in a capitalization level of 8.55%, which is average.

Institution Statistics

Overall
NCUA #19481
Year Chartered1969
Employees5
Primary Regulator
Assets and Liabilities
Assets$30.92 million
Loans$17.50 million
Deposits$28.85 million
Equity Capital$2.06 million
Loan Loss Allowance$580,000
Unbacked Noncurrent Loans$537,000
Real Estate Owned$0
Historic Data - December 2012
Assets$32.48 million
Equity Capital$1.99 million
Loan Loss Allowance$811,000
Unbacked Noncurrent Loans$537,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.39%
Return on Assets0.23%
Return on Equity3.49%
Interest Income$1.37 million
Rates
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Northeastern University Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Savings Accounts

Northeastern University Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Checking Accounts

Northeastern University Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-36 Month CD
0.75%$2,500-24 Month CD
0.25%$2,500-6 Month CD
0.25%$2,500-12 Month CD

Northeastern University Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-1 Year IRA
Locations


Northeastern University Credit Union Locations
Branch Office360 HUNTINGTON AVE RM # 129 CULLINANE HALLBOSTON, MA 02115
Branch Office5600 Crooks Rd #101Troy, MI 480982803