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Overview / Commentary
309-862-1838
416 Kays Drive
Normal, IL 61761

Prairieland Credit Union is headquartered in normal and is the 64th largest credit union in the state of Illinois. It is also the 2,084th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 21 employees and 7,004 members. Prairieland Credit Union's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Mclean County Illinois. - See Details

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Prairieland Credit Union has a relatively low asset base.

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 Prairieland Credit Union had $1.08 million in non-current loans and owned real-estate with $7.71 million in equity and loan loss allowances on hand to cover it. This gives Prairieland Credit Union a Texas Ratio of 13.99% 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 Prairieland Credit Union increased slightly from 6.47% as of December 31, 2012 to 13.99% as of December 31, 2013, resulting in a negative change of 116.12%. This indicates that the balance sheet and financial strength for Prairieland Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Prairieland Credit Union has increased its total deposits by $5.37 million, resulting in 11.61% 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 Prairieland Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Prairieland Credit Union has $58.99 million in assets with $7.71 million in equity, resulting in a capitalization level of 13.07%, which is excellent.

Institution Statistics

Overall
NCUA #2037
Year Chartered1937
Employees21
Primary Regulator
Assets and Liabilities
Assets$58.99 million
Loans$45.82 million
Deposits$51.59 million
Equity Capital$7.27 million
Loan Loss Allowance$437,000
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$0
Historic Data - December 2012
Assets$53.27 million
Equity Capital$6.91 million
Loan Loss Allowance$383,000
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.83%
Return on Assets0.61%
Return on Equity4.94%
Interest Income$2.47 million
Rates
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Prairieland Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Savings
0.20%$25-Share Savings Account
0.20%--Christmas Club Account
0.20%--Vacation Club Account

Prairieland Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$25k-15 Month Share Certificate
0.95%$100k-36 Month Jumbo Share CD
0.80%$1k-36 Month Share CD
0.75%$100k-24 Month Jumbo Share CD
0.60%$1k-24 Month Share CD
0.50%$100k-12 Month Jumbo Share CD
0.40%$100k-6 Month Jumbo Share CD
0.35%$1k-12 Month Share CD
0.35%$100k-3 Month Jumbo Share CD
0.25%$1k-6 Month Share CD
0.20%$1k-3 Month Share CD
Locations


Prairieland Credit Union Locations
Branch Office416 kays drnormal, IL 61761-1957
Branch Office1309 s center stnormal, IL 61761-3458
Branch Office1722 E Hamilton RdBloomington, IL 61704