Pinellas Credit Union

Pinellas Credit Union is headquartered in Largo and is the 64^th largest credit union in the state of Florida. It is also the 1,576^th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 36 employees and 13,561 members. Pinellas Credit Union has a 5-star health rating.

Pinellas Credit Union Savings Account Rates

Pinellas Credit Union CD Rates

Pinellas Credit Union IRA Rates

Data for Q4 2011

Institution Statistics PINELLAS NCUA # 10880 BankRate Report View Year Chartered 1956 Employees 36 Primary Regulator Assets and Liabilities Assets $84.78 million Loans $60.16 million Deposits $68.95 million Equity Capital $15.22 million Loan Loss Allowance $1.20 million Unbacked Noncurrent Loans $1.27 million Real Estate Owned $69,000 Historic Data - December 2010 Assets $80.11 million Equity Capital $14.29 million Loan Loss Allowance $1.31 million Unbacked Noncurrent Loans $953,000 Real Estate Owned $92,000 Profit Margin - Quarterly Net Interest Margin 6.62% Return on Assets 1.03% Return on Equity 5.74% Interest Income $4.39 million Non-Interest Income $1.68 million

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, 2011 Pinellas Credit Union had $1.34 million in non-current loans and owned real-estate with $16.42 million in equity and loan loss allowances on hand to cover it. This gives Pinellas Credit Union a Texas Ratio of 8.17% 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 Pinellas Credit Union held steady from 6.70% as of December 31, 2010 to 8.17% as of December 31, 2011, resulting in a negative change of 21.96%. This indicates that the balance sheet and financial strength for Pinellas Credit Union has held steady in recent periods. Deposit Growth In the past year, Pinellas Credit Union has increased its total deposits by $3.65 million, resulting in 5.59% 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 Pinellas Credit Union has shown is excellent. 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. Pinellas Credit Union has $84.78 million in assets with $16.42 million in equity, resulting in a capitalization level of 19.37%, which is excellent.

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