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Our Family Social Credit Union

Our Family Social Credit Union
Overview / Commentary
2510 S 84th St
Omaha, NE 68124

Our Family Social Credit Union is headquartered in Omaha and is the 69th largest credit union in the state of Nebraska. It is also the 6,374th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 523 members. Our Family Social Credit Union has a B health rating.

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Our Family Social Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Our Family Social Credit Union had $3,000 in non-current loans and owned real-estate with $62,000 in equity and loan loss allowances on hand to cover it. This gives Our Family Social Credit Union a Texas Ratio of 4.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Our Family Social Credit Union decreased dramatically from 90.32% as of March 31, 2013 to 4.84% as of March 31, 2014, resulting in a positive change of 94.64%.This indicates that the balance sheet and financial strength for Our Family Social Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Our Family Social Credit Union has increased its total deposits by $19,000, resulting in 4.04% 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 Our Family Social Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Our Family Social Credit Union has $542,000 in assets with $62,000 in equity, resulting in a capitalization level of 11.44%, which is excellent.

Institution Statistics

Overall
NCUA #64938
Year Chartered1950
Employees0
Primary Regulator
Assets and Liabilities
Assets$542,000
Loans$437,000
Deposits$489,000
Equity Capital$50,000
Loan Loss Allowance$12,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - March 2013
Assets$522,000
Equity Capital$52,000
Loan Loss Allowance$10,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0%
Interest Income$9,000
Rates

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Locations


Our Family Social Credit Union Locations
Branch Office2510 S 84th StOmaha, NE 68124