Parkway Credit Union

Parkway Credit Union is headquartered in REDFORD and is the 193^rd largest credit union in the state of Michigan. It is also the 3,122^nd largest credit union in the nation. It was established in 1947 and as of December of 2011, it had grown to 10 employees and 4,192 members. Parkway Credit Union has a 4-star health rating.

Data for Q4 2011

Institution Statistics PARKWAY NCUA # 5420 BankRate Report View Year Chartered 1947 Employees 10 Primary Regulator Assets and Liabilities Assets $26.37 million Loans $15.45 million Deposits $22.49 million Equity Capital $3.69 million Loan Loss Allowance $107,000 Unbacked Noncurrent Loans $740,000 Historic Data - December 2010 Assets $26.32 million Equity Capital $3.84 million Loan Loss Allowance $196,000 Unbacked Noncurrent Loans $487,000 Real Estate Owned $77,000 Profit Margin - Quarterly Net Interest Margin 6.23% Return on Assets -0.53% Return on Equity -3.77% Interest Income $1.09 million Non-Interest Income $367,000

Institution Health Overall Score: 4 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 Parkway Credit Union had $740,000 in non-current loans and owned real-estate with $3.79 million in equity and loan loss allowances on hand to cover it. This gives Parkway Credit Union a Texas Ratio of 19.51% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Parkway Credit Union increased slightly from 13.97% as of December 31, 2010 to 19.51% as of December 31, 2011, resulting in a negative change of 39.68%. This indicates that the balance sheet and financial strength for Parkway Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Parkway Credit Union has increased its total deposits by $226,000, resulting in 1.02% 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 Parkway Credit Union has shown is above average. 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. Parkway Credit Union has $26.37 million in assets with $3.79 million in equity, resulting in a capitalization level of 14.38%, which is excellent.

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