Powerco CU (OH)

Powerco CU (OH) is headquartered in Columbus and is the 85^th largest credit union in the state of Ohio. It is also the 2,010^st largest credit union in the nation. It was established in 1973 and as of December of 2011, it had grown to 15 employees and 7,962 members. Powerco CU (OH)'s savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Powerco CU (OH) Checking Account Rates

Powerco CU (OH) Savings Account Rates

Powerco CU (OH) Money Market Rates

Powerco CU (OH) CD Rates

Data for Q4 2011

Institution Statistics POWERCO NCUA # 66376 BankRate Report View Year Chartered 1973 Employees 15 Primary Regulator Assets and Liabilities Assets $59.37 million Loans $27.21 million Deposits $52.95 million Equity Capital $5.15 million Loan Loss Allowance $88,000 Unbacked Noncurrent Loans $116,000 Historic Data - December 2010 Assets $54.57 million Equity Capital $4.91 million Loan Loss Allowance $52,000 Unbacked Noncurrent Loans $93,000 Profit Margin - Quarterly Net Interest Margin 4.55% Return on Assets 0.07% Return on Equity 0.8% Interest Income $1.95 million Non-Interest Income $705,000

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 Powerco CU (OH) had $116,000 in non-current loans and owned real-estate with $5.24 million in equity and loan loss allowances on hand to cover it. This gives Powerco CU (OH) a Texas Ratio of 2.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Powerco CU (OH) held steady from 1.88% as of December 31, 2010 to 2.21% as of December 31, 2011, resulting in a negative change of 17.95%. This indicates that the balance sheet and financial strength for Powerco CU (OH) has held steady in recent periods. Deposit Growth In the past year, Powerco CU (OH) has increased its total deposits by $4.47 million, resulting in 9.23% 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 Powerco CU (OH) 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. Powerco CU (OH) has $59.37 million in assets with $5.24 million in equity, resulting in a capitalization level of 8.83%, which is average.

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