Paris Hi-Way Credit Union

Paris Hi-Way Credit Union is headquartered in Paris and is the 196^th largest credit union in the state of Illinois. It is also the 5,014^st largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 2 employees and 1,077 members. Paris Hi-Way Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics PARIS HI-WAY NCUA # 64242 BankRate Report View Year Chartered 1955 Employees 2 Primary Regulator Assets and Liabilities Assets $7.61 million Loans $5.75 million Deposits $6.75 million Equity Capital $846,000 Loan Loss Allowance $82,000 Unbacked Noncurrent Loans $32,000 Historic Data - December 2010 Assets $7.11 million Equity Capital $719,000 Loan Loss Allowance $75,000 Unbacked Noncurrent Loans $178,000 Profit Margin - Quarterly Net Interest Margin 5.15% Return on Assets 1.64% Return on Equity 14.78% Interest Income $367,000 Non-Interest Income $14,000

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 Paris Hi-Way Credit Union had $32,000 in non-current loans and owned real-estate with $928,000 in equity and loan loss allowances on hand to cover it. This gives Paris Hi-Way Credit Union a Texas Ratio of 3.45% 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 Paris Hi-Way Credit Union decreased significantly from 22.42% as of December 31, 2010 to 3.45% as of December 31, 2011, resulting in a positive change of 84.62%.This indicates that the balance sheet and financial strength for Paris Hi-Way Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Paris Hi-Way Credit Union has increased its total deposits by $388,000, resulting in 6.1% 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 Paris Hi-Way 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. Paris Hi-Way Credit Union has $7.61 million in assets with $928,000 in equity, resulting in a capitalization level of 12.19%, which is excellent.

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