Parsons Credit Union

75 N. Fairoaks
Pasadena, CA 91124
626-440-7000
parsonsfcu.org

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Parsons Credit Union is headquartered in Pasadena and is the 100^th largest credit union in the state of California. It is also the 767^th largest credit union in the nation. It was established in 1975 and as of December of 2012, it had grown to 20 employees and 7,405 members. Parsons Credit Union has a 5-star health rating.

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See Rates for: Checking | Savings | CD | IRA

Parsons Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.08%	-	-	Checking Accounts

Parsons Credit Union Savings Account Rates

Apy	Min	Max	Product
0.31%	$25	-	IRA Account
0.31%	$25	-	Roth IRA Account
0.21%	$25	-	Holiday Club Account
0.18%	$10k	-	Primary Savings

Parsons Credit Union CD Rates

Apy	Min	Max	Product
2.35%	$10k	-	5 Year Fixed-Term Annuity Share Certificate
2.35%	$10k	-	10 Year Fixed-Term Annuity Share Certificate
2.35%	$10k	-	15 Year Fixed-Term Annuity Share Certificate
2.35%	$10k	-	20 Year Fixed-Term Annuity Share Certificate
1.26%	$5k	-	5 Year CD Variable
1.26%	$5k	-	5 Year CD Fixed
0.60%	$2k	-	3 Year CD Variable
0.60%	$2k	-	3 Year CD Fixed
0.50%	$1k	-	2 Year CD Variable
0.50%	$1k	-	2 Year CD Fixed
0.30%	$500	-	1 Year CD Variable
0.30%	$500	-	1 Year CD Fixed
0.15%	$500	-	6 Month CD Fixed
0.13%	$100	-	3 Months CD Fixed

Parsons Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$5k	-	5 Year Variable IRA
1.26%	$5k	-	5 Year Fixed IRA
1.26%	$5k	-	5 Year Fixed Roth IRA
1.26%	$5k	-	5 Year Variable Roth IRA
0.60%	$2k	-	3 Year Variable IRA
0.60%	$2k	-	3 Year Fixed IRA
0.60%	$2k	-	3 Year Fixed Roth IRA
0.60%	$2k	-	3 Year Variable Roth IRA
0.55%	$2k	-	18 Month Variable IRA
0.55%	$2k	-	18 Month Fixed IRA
0.55%	$2k	-	18 Month Fixed Roth IRA
0.55%	$2k	-	18 Month Variable Roth IRA
0.50%	$1k	-	2 Year Variable IRA
0.50%	$1k	-	2 Year Fixed IRA
0.50%	$1k	-	2 Year Fixed Roth IRA
0.50%	$1k	-	2 Year Variable Roth IRA
0.30%	$500	-	1 Year Variable IRA
0.30%	$500	-	1 Year Fixed IRA
0.30%	$500	-	1 Year Fixed Roth IRA
0.30%	$500	-	1 Year Variable Roth IRA
0.15%	$500	-	6 Month Fixed IRA
0.15%	$500	-	6 Month Fixed Roth IRA
0.13%	$100	-	3 Months Fixed IRA
0.13%	$100	-	3 Months Fixed Roth IRA

Rates updated: 5/24/2013 * Not all products updated

Data for Q4 2012

Institution Statistics

PARSONS
NCUA #	22141
BankRate Report	View
Year Chartered	1975
Employees	20
Primary Regulator
Assets and Liabilities
Assets	$247.95 million
Loans	$45.36 million
Deposits	$222.39 million
Equity Capital	$25.18 million
Loan Loss Allowance	$716,000
Unbacked Noncurrent Loans	$82,000
Historic Data - December 2011
Assets	$243.58 million
Equity Capital	$24.18 million
Loan Loss Allowance	$562,000
Unbacked Noncurrent Loans	$559,000
Profit Margin - Quarterly
Net Interest Margin	4.59%
Return on Assets	0.49%
Return on Equity	4.84%
Interest Income	$5.94 million
Non-Interest Income	$609,000

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, 2012 Parsons Credit Union had $82,000 in non-current loans and owned real-estate with $25.9 million in equity and loan loss allowances on hand to cover it. This gives Parsons Credit Union a Texas Ratio of 0.32% 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 Parsons Credit Union decreased significantly from 2.26% as of December 31, 2011 to 0.32% as of December 31, 2012, resulting in a positive change of 85.98%.This indicates that the balance sheet and financial strength for Parsons Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Parsons Credit Union has increased its total deposits by $3.35 million, resulting in 1.53% 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 Parsons 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. Parsons Credit Union has $247.95 million in assets with $25.9 million in equity, resulting in a capitalization level of 10.44%, which is above average.

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