Pinal County Credit Union is headquartered in Casa Grande and is the 22nd largest credit union in the state of Arizona. It is also the 1,440th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 68 employees and 19,411 members. Pinal County Credit Union has a A health rating.
Must live, work, worship or attend school in Pinal County. - See Details
The Pinal County Federal Credit Union has recently gone thru an overhaul of its management, including its CEO, CFO and many upper management. The Credit Union is under fire for its employees forging member signatures to secure loans using and forging loan documents. Further there are a choice few members, management and oversight personel who use and allow the assets of the Pinal County Federal Credit Union to be used as a private piggy bank. It is further comming to light that local goverment employees are recieving loans and paying said loans with cash payments, the Credit Union is being used to launder money from iligal means and ilgotten gains. Law enforcement along with the N.C.U.A have been made aware of this thru complaints by members but a blind eye has been turned.
Not a safe place to keep your money!
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, 2013 Pinal County Credit Union had $420,000 in non-current loans and owned real-estate with $7.37 million in equity and loan loss allowances on hand to cover it. This gives Pinal County Credit Union a Texas Ratio of 5.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Pinal County Credit Union decreased dramatically from 11.62% as of December 31, 2012 to 5.70% as of December 31, 2013, resulting in a positive change of 50.96%.This indicates that the balance sheet and financial strength for Pinal County Credit Union has improved dramatically in recent periods.
In the past year, Pinal County Credit Union has increased its total deposits by $4.04 million, resulting in 4.31% 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 Pinal County Credit Union has shown is excellent.
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. Pinal County Credit Union has $105.09 million in assets with $7.37 million in equity, resulting in a capitalization level of 7.01%, which is below average.
|Assets and Liabilities|
|Equity Capital||$6.67 million|
|Loan Loss Allowance||$696,000|
|Unbacked Noncurrent Loans||$420,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$6.58 million|
|Loan Loss Allowance||$837,000|
|Unbacked Noncurrent Loans||$420,000|
|Real Estate Owned||$220,000|
|Profit Margin - Quarterly|
|Net Interest Margin||6.28%|
|Return on Assets||0.53%|
|Return on Equity||8.27%|
|Interest Income||$4.16 million|
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|0.25%||$10k||-||Roth IRA Savings|
|0.25%||$10k||-||SEP IRA Savings|
|0.25%||$10k||-||Educational IRA Savings|
|0.01%||-||-||Business Share Account|
|0.05%||$2,500||-||Money Market Account|
|0.00%||$2,500||-||Business Checking Account|
|0.80%||$1k||-||5 Year Share Certificate|
|0.60%||$1k||-||4 Year Share Certificate|
|0.30%||$1k||-||3 Year Share Certificate|
|0.20%||$1k||-||2 Year Share Certificate|
|0.10%||$1k||-||1 Year Share Certificate|
|0.05%||$500||-||6 Month Share Certificate|
|0.80%||$1k||-||5 Year IRA Certificate (Traditional,Roth,SEP,CESA)|
|0.60%||$1k||-||4 Year IRA Certificate (Traditional,Roth,SEP,CESA)|
|0.30%||$1k||-||3 Year IRA Certificate (Traditional,Roth,SEP,CESA)|
|0.20%||$1k||-||2 Year IRA Certificate (Traditional,Roth,SEP,CESA)|
|0.10%||$1k||-||1 Year IRA Certificate (Traditional,Roth,SEP,CESA)|
|0.05%||$500||-||6 Month IRA Certificate (Traditional,Roth,SEP,CESA)|
|Pinal County Credit Union Locations|
|Branch Office||290 S Phelps Dr||Apache Junction, AZ 85120|
|Branch Office||44600 W Smith Enke Rd Ste,105||Maricopa, AZ 85139|
|Branch Office||200 W 20th St||Florence, AZ 85132|
|Branch Office||1491 N Arizona Blvd Suite # 101||Coolidge, AZ 85128|
|Branch Office||1000 E Florence Blvd||Casa Grande, AZ 85122|
|Branch Office||3125 W Hunt Hwy Ste 105||Queen Creek, AZ 85142|