Parsons Credit Union

Parsons Credit Union Locations
100 W. Walnut Street
Pasadena, CA 91124
626-440-7000
parsonsfcu.org

Parsons Credit Union is headquartered in Pasadena and is the 99th largest credit union in the state of California. It is also the 747th largest credit union in the nation. It was established in 1975 and as of December of 2011, it had grown to 20 employees and 7,554 members. Parsons Credit Union's savings rates are 17% higher than the national average, and it boasts a 5-star health rating.



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Parsons Credit Union Checking Account Rates

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0.15%--Checking Accounts

Parsons Credit Union Savings Account Rates

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0.61%$25-Holiday Club Account
0.61%$25-IRA Account
0.25%$10k-Primary Savings

Parsons Credit Union CD Rates

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2.75%$10k-5 Year Fixed-Term Annuity Share Certificate
2.75%$10k-10 Year Fixed-Term Annuity Share Certificate
2.75%$10k-15 Year Fixed-Term Annuity Share Certificate
2.75%$10k-20 Year Fixed-Term Annuity Share Certificate
1.81%$5k-5 Year CD Fixed or Variable
1.21%$2k-3 Year CD Fixed or Variable
0.85%$1k-2 Year CD Fixed or Variable
0.60%$500-1 Year CD Fixed or Variable
0.40%$500-6 Month CD Fixed
0.30%$100-3 Months CD Fixed

Parsons Credit Union IRA Rates

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1.81%$5k-5 Year Fixed or Variable IRA
1.21%$2k-3 Year Fixed or Variable IRA
0.85%$1k-2 Year Fixed or Variable IRA
0.80%$2k-18 Month Fixed or Variable IRA
0.60%$500-1 Year Fixed or Variable IRA
0.40%$500-6 Month CD Fixed IRA
0.30%$100-3 Months CD Fixed IRA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


PARSONS
NCUA #22141
BankRate ReportView
Year Chartered1975
Employees20
Primary Regulator

Assets and Liabilities

Assets$243.58 million
Loans$48.37 million
Deposits$219.04 million
Equity Capital$24.18 million
Loan Loss Allowance$562,000
Unbacked Noncurrent Loans$559,000

Historic Data - December 2010

Assets$225.46 million
Equity Capital$21.30 million
Loan Loss Allowance$523,000
Unbacked Noncurrent Loans$1.04 million

Profit Margin - Quarterly

Net Interest Margin4.91%
Return on Assets0.81%
Return on Equity8.13%
Interest Income$7.10 million
Non-Interest Income$613,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Parsons Credit Union had $559,000 in non-current loans and owned real-estate with $24.74 million in equity and loan loss allowances on hand to cover it. This gives Parsons Credit Union a Texas Ratio of 2.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Parsons Credit Union decreased significantly from 4.77% as of December 31, 2010 to 2.26% as of December 31, 2011, resulting in a positive change of 52.68%.This indicates that the balance sheet and financial strength for Parsons Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Parsons Credit Union has increased its total deposits by $15.2 million, resulting in 7.46% 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 excellent.
Capitalization4
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 $243.58 million in assets with $24.74 million in equity, resulting in a capitalization level of 10.16%, which is above average.
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