Polam CU (CA)

Polam CU (CA) is headquartered in REDWOOD CITY and is the 193^rd largest credit union in the state of California. It is also the 1,980^th largest credit union in the nation. It was established in 1973 and as of December of 2011, it had grown to 15 employees and 3,586 members. Polam CU (CA) has a 1-star health rating.

Data for Q4 2011

Institution Statistics POLAM NCUA # 21502 BankRate Report View Year Chartered 1973 Employees 15 Primary Regulator Assets and Liabilities Assets $60.90 million Loans $34.62 million Deposits $56.26 million Equity Capital $4.53 million Loan Loss Allowance $1.08 million Unbacked Noncurrent Loans $157,000 Real Estate Owned $10.72 million Historic Data - December 2010 Assets $62.74 million Equity Capital $4.46 million Loan Loss Allowance $1.07 million Unbacked Noncurrent Loans $501,000 Profit Margin - Quarterly Net Interest Margin 5.76% Return on Assets 0.1% Return on Equity 1.39% Interest Income $2.48 million Non-Interest Income $353,000

Institution Health Overall Score: 1 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 Polam CU (CA) had $10.88 million in non-current loans and owned real-estate with $5.61 million in equity and loan loss allowances on hand to cover it. This gives Polam CU (CA) a Texas Ratio of 193.99% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Polam CU (CA) increased slightly from 9.05% as of December 31, 2010 to 193.99% as of December 31, 2011, resulting in a negative change of 2,043.95%. This indicates that the balance sheet and financial strength for Polam CU (CA) has declined slightly in recent periods. Deposit Growth In the past year, Polam CU (CA) has decreased its total deposits by -$1.96 million, resulting in -3.37% 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 Polam CU (CA) has shown is below 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. Polam CU (CA) has $60.9 million in assets with $5.61 million in equity, resulting in a capitalization level of 9.21%, which is average.

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