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Overview / Commentary
718-610-3970
100 McGuinness Blvd
Brooklyn, NY 11222

Polish & Slavic Credit Union is headquartered in BROOKLYN and is the 11st largest credit union in the state of New York. It is also the 117st largest credit union in the nation. It was established in 1976 and as of December of 2013, it had grown to 252 employees and 79,527 members. Polish & Slavic Credit Union has a B health rating.

Field of Membership Restrictions

Polish & Slavic FCU is an associational credit union whose membership is open to members of our eight sponsoring organizations. They are: Polish & Slavic Center; Polish Cultural Foundation; Polonia of Long Island Inc.; Polish Supplementary School Council of America; General Pulaski Memorial Parade Committee; Alliance of Polish Clubs in the USA; Polish Highlanders Alliance of North America; Immeadiate Family of Polish Highlanders Alliance Member; and The Kosciuszko Foundation. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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 Polish & Slavic Credit Union had $19.89 million in non-current loans and owned real-estate with $139.12 million in equity and loan loss allowances on hand to cover it. This gives Polish & Slavic Credit Union a Texas Ratio of 14.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Polish & Slavic Credit Union experienced no significant changes from 13.08% as of December 31, 2012 to 14.29% as of December 31, 2013, resulting in a negative change of 9.26%. This indicates that the balance sheet and financial strength for Polish & Slavic Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Polish & Slavic Credit Union has increased its total deposits by $47.31 million, resulting in 3.57% 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 Polish & Slavic Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Polish & Slavic Credit Union has $1.55 billion in assets with $139.12 million in equity, resulting in a capitalization level of 8.97%, which is average.

Institution Statistics

Overall
NCUA #22592
Year Chartered1976
Employees252
Primary Regulator
Assets and Liabilities
Assets$1.55 billion
Loans$854.36 million
Deposits$1.37 billion
Equity Capital$134.15 million
Loan Loss Allowance$4.98 million
Unbacked Noncurrent Loans$18.24 million
Real Estate Owned$1.65 million
Historic Data - December 2012
Assets$1.52 billion
Equity Capital$143.06 million
Loan Loss Allowance$4.02 million
Unbacked Noncurrent Loans$18.24 million
Real Estate Owned$1.49 million
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets0.05%
Return on Equity0.54%
Interest Income$49.43 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Polish & Slavic Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Polish & Slavic Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--IRA/ESA Savings Account
0.05%--Savings Account
0.05%--Vacation Club
0.05%--Holiday Club
0.05%--Goal Account
0.05%--Business Savings Account

Polish & Slavic Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%--Money Market Account
0.05%$2,500-Business Money Market

Polish & Slavic Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Plus Business Checking
0.01%$1,500-Checking
0.01%--Standard Business Checking
0.01%--Business Checking for Non-Profits

Polish & Slavic Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-5 Year CD
0.75%$500-4 Year CD
0.70%$500-3 Year CD
0.60%$500-30 Month CD
0.50%$500-2 Year CD
0.30%$500-18 Month CD
0.20%$500-9 Month CD
0.20%$500-1 Year CD
0.20%$500-Business 9 Month CD
0.20%$500-Business 1 Year CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD
0.10%$500-Business 6 Month CD

Polish & Slavic Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-5 Year IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.75%$500-4 Year IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.70%$500-3 Year IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.60%$500-30 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.50%$500-2 Year IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.30%$500-18 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.20%$500-9 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.20%$500-1 Year IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.10%$500-3 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
0.10%$500-6 Month IRA (Traditional,Roth,SEP,SIMPLE,CESA)
Locations

Polish & Slavic Credit Union has 16 locations. Click to view all Polish & Slavic Credit Union locations.