Patelco CU

P.O. Box 2227
Merced, CA 95344
1.800.358.8228
www.patelco.org
 

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2008

2007



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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

ApyMinMaxProduct
0.50%$50k-Premier Interest Checking
0.05%--Interest Checking
0.04%$10k-Insured Variable Money Fund

Savings Accounts

ApyMinMaxProduct
1.01%$3,500-Health Savings Account
0.82%$25k-Treasury Income Account
0.20%$50k-Tiered Savings
0.10%$20-Holiday Club

Money Market Accounts

ApyMinMaxProduct
0.70%$100k-Money Market Plus Account
0.20%$1k-Money Market Account
0.20%$250-Money Market IRA

Certificates of Deposit

ApyMinMaxProduct
5.00%$1k$1kNew Member 12 Month Certificate
2.43%$1k-60 Month CD
2.07%$1k-48 - 59 Month CD
1.56%$1k-36 - 47 Month CD
1.11%$1k-24 - 35 Month CD
0.70%$1k-12 - 23 Month CD
0.40%$1k-6 - 11 Month CD
0.25%$1k-3 - 5 Month CD

IRA Accounts

ApyMinMaxProduct
2.43%$500-60 Month IRA
2.07%$500-48 - 59 Month IRA
1.56%$500-36 - 47 Month IRA
1.11%$500-24 - 35 Month IRA
0.82%$25k-Treasury IRA
0.70%$500-12 - 23 Month IRA
0.40%$500-6 - 11 Month IRA
0.25%$500-3 - 5 Month IRA

Institution Statistics


NCUA #68579
BankRate ReportView
Year Established1936
Employees417
Primary Regulator

Assets and Liabilities

Assets$3.71 billion
Loans$2.19 billion
Deposits$3.33 billion
Equity Capital$351.81 million
Loan Loss Allowance$91.37 million
Unbacked Noncurrent Loans$106.67 million
Real Estate Owned$3.66 million

Historic Data - March 2009

Assets$4.25 billion
Equity Capital$362.88 million
Loan Loss Allowance$74.35 million
Unbacked Noncurrent Loans$75.77 million

Profit Margin - Quarterly

Net Interest Margin1.25%
Return on Assets1.38%
Return on Equity14.53%
Interest Income$40.22 million
Non-Interest Income$10.89 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio4
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 March 1, 2010 Patelco CU had $110.33 million in non-current loans and owned real-estate with $443.18 million in equity and loan loss allowances on hand to cover it. This gives Patelco CU a Texas Ratio of 24.89% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Patelco CU increased slightly from 17.33% as of March 1, 2009 to 24.89% as of March 1, 2010, resulting in a negative change of 43.67%. This indicates that the balance sheet and financial strength for Patelco CU has declined slightly in recent periods.
Deposit Growth1
In the past year, Patelco CU has decreased it's total deposits by -$490.55 million, resulting in -12.83% 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 Patelco CU has shown is poor.
Capitalization3
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. Patelco CU has $3.71 billion in assets with $443.18 million in equity, resulting in a capitalization level of 11.93%, which is average.
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