Institution Statistics
| OMEGA | | NCUA # | 3711 | | BankRate Report | View | | Year Chartered | 1940 | | Employees | 27 | | Primary Regulator | |
Assets and Liabilities | | Assets | $82.83 million | | Loans | $56.53 million | | Deposits | $75.28 million | | Equity Capital | $6.83 million | | Loan Loss Allowance | $397,000 | | Unbacked Noncurrent Loans | $460,000 | | Real Estate Owned | $46,000 |
Historic Data - December 2010 | | Assets | $79.42 million | | Equity Capital | $7.21 million | | Loan Loss Allowance | $384,000 | | Unbacked Noncurrent Loans | $702,000 | | Real Estate Owned | $186,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.21% | | Return on Assets | -0.46% | | Return on Equity | -5.58% | | Interest Income | $3.44 million | | Non-Interest Income | $685,000 |
|
|
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 December 31, 2011 Omega Credit Union had $506,000 in non-current loans and owned real-estate with $7.22 million in equity and loan loss allowances on hand to cover it. This gives Omega Credit Union a Texas Ratio of 7.00% 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 Omega Credit Union decreased significantly from 11.70% as of December 31, 2010 to 7.00% as of December 31, 2011, resulting in a positive change of 40.12%.This indicates that the balance sheet and financial strength for Omega Credit Union has improved significantly in recent periods. | | Deposit Growth | | | In the past year, Omega Credit Union has increased its total deposits by $3.71 million, resulting in 5.19% 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 Omega Credit Union has shown is excellent. | | 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. Omega Credit Union has $82.83 million in assets with $7.22 million in equity, resulting in a capitalization level of 8.72%, which is average. |
|
