Parsons Pittsburg Credit Union

Parsons Pittsburg Credit Union is headquartered in parsons and is the 48^th largest credit union in the state of Kansas. It is also the 4,315^st largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 4 employees and 2,278 members. Parsons Pittsburg Credit Union's CD rates are 12% higher than the national average, and it has a 4-star health rating.

Parsons Pittsburg Credit Union Routing Number: 301179355

Parsons Pittsburg Credit Union Savings Account Rates

Parsons Pittsburg Credit Union CD Rates

Data for Q4 2011

Institution Statistics PARSONS PITTSBURG NCUA # 61254 BankRate Report View Year Chartered 1951 Employees 4 Primary Regulator Assets and Liabilities Assets $12.11 million Loans $5.22 million Deposits $10.90 million Equity Capital $1.20 million Loan Loss Allowance $18,000 Unbacked Noncurrent Loans $128,000 Historic Data - December 2010 Assets $11.89 million Equity Capital $1.22 million Loan Loss Allowance $18,000 Unbacked Noncurrent Loans $146,000 Profit Margin - Quarterly Net Interest Margin 7.11% Return on Assets -0.08% Return on Equity -0.83% Interest Income $443,000 Non-Interest Income $43,000

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 Parsons Pittsburg Credit Union had $128,000 in non-current loans and owned real-estate with $1.22 million in equity and loan loss allowances on hand to cover it. This gives Parsons Pittsburg Credit Union a Texas Ratio of 10.47% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Parsons Pittsburg Credit Union held steady from 11.80% as of December 31, 2010 to 10.47% as of December 31, 2011, resulting in a positive change of 11.25%.This indicates that the balance sheet and financial strength for Parsons Pittsburg Credit Union has held steady in recent periods. Deposit Growth In the past year, Parsons Pittsburg Credit Union has increased its total deposits by $266,000, resulting in 2.5% 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 Pittsburg 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 Pittsburg Credit Union has $12.11 million in assets with $1.22 million in equity, resulting in a capitalization level of 10.09%, which is above average.

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