NuVision Credit Union

NuVision Credit Union Locations
7812 Edinger Ave
Huntington Beach, CA 92647
800-444-6327
www.nuvisionfederal.org

NCUA

NuVision Credit Union is headquartered in Huntington Beac and is the 26th largest credit union in the state of California. It is also the 159th largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 243 employees and 78,997 members. NuVision Credit Union has a 5-star health rating.

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Nuvision FCU Closing Branch, Says $1.2 Billion In Assets Not Enough (Forum) - 10/15/2012

NuVision Federal Credit Union is closing its branch in East Los Angeles. It says 78,000 members and $1.2 billiion in assets is not enough to justify keeping the branch open.  East L.A credit union to close — The Eastsider LA

$150 Checking Account Promotion at NuVision Federal in SoCal - Local Only - 5/25/2012

NuVision Federal Credit Union has another $150 checking account promotion. It has been over two years since my last report on one of these. This new one is listed at the credit unions home page. The d ...

Special CD and Checking Promo at NuVision Federal in SoCal - Local Only - 9/21/2011

NuVision Federal Credit Union is listing another special 10% APY 10-month CD. As you might expect, there's a low maximum deposit ($1,000). Also, it's limited to one per household. Minimum deposit is a ...

Checking and 10-Month CD Promo at NuVision FCU in SoCal - Local Only - 6/12/2010

NuVision Federal Credit Union is listing a special 10% APY 10-month CD. As you might expect, there's a low maximum deposit ($1,000). Also, it's limited to one per household. Minimum is also $1,000. It ...

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Data for Q4 2012


Institution Statistics


NUVISION
NCUA #566
BankRate ReportView
Year Chartered1935
Employees243
Primary Regulator

Assets and Liabilities

Assets$1.20 billion
Loans$708.49 million
Deposits$1.02 billion
Equity Capital$125.00 million
Loan Loss Allowance$9.07 million
Unbacked Noncurrent Loans$3.53 million
Real Estate Owned$3.58 million

Historic Data - December 2011

Assets$1.16 billion
Equity Capital$115.26 million
Loan Loss Allowance$13.23 million
Unbacked Noncurrent Loans$11.23 million
Real Estate Owned$4.02 million

Profit Margin - Quarterly

Net Interest Margin4.72%
Return on Assets0.83%
Return on Equity8.01%
Interest Income$43.73 million
Non-Interest Income$12.39 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 NuVision Credit Union had $7.11 million in non-current loans and owned real-estate with $134.07 million in equity and loan loss allowances on hand to cover it. This gives NuVision Credit Union a Texas Ratio of 5.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for NuVision Credit Union decreased significantly from 11.87% as of December 31, 2011 to 5.30% as of December 31, 2012, resulting in a positive change of 55.31%.This indicates that the balance sheet and financial strength for NuVision Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, NuVision Credit Union has increased its total deposits by $30.16 million, resulting in 3.04% 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 NuVision Credit Union has shown is above average.
Capitalization4
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. NuVision Credit Union has $1.2 billion in assets with $134.07 million in equity, resulting in a capitalization level of 11.16%, which is above average.
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$150 Checking Account Promotion
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Leave a Comment (2) »
Anonymous - May 25, 2012
How great you keep finding offers for SoCal, since it's such a tight market.

I was able to chat online w/them for some clarification (after waiting close to 10 min. on the phone, which I advised the csr to pass on for improvement, since they fell short on that test.)  

A) First $50 automatically deposited but on hold 90 days (then debited if promo requirements are not fulfilled). Next two $50 rewards require redeeming with a branch visit after their 90-day fulfillment.

B) Opening an acct at a branch is immediate (debit card issued on the spot), needing only valid ID (DL) besides giving personal info (ssn, etc). Applying online is not active til they receive the signature card back - they send it to be signed electronically - plus need copy of ID faxed.

C) Chex Systems verification and only soft pull on credit.

D) Various branches in Orange County (being based in Huntington Beach), but for L.A. it's mainly Downtown inside the Gas Co. Tower (w/parking$ & accessibility inconvenient) or the branches in Montery Park & East L.A. (stand-alone bldgs in L.A. suburbs.)

E) Member bonus $25 per referral. Form available online or in branch.

 

viking - May 25, 2012
Does ACH qualify as direct deposit (payroll is difficult for self-employed)?

 
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