Prospectors Federal Credit Union is headquartered in DIAMOND BAR and is the 196th largest credit union in the state of California. It is also the 2,122nd largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 12 employees and 5,137 members. Prospectors Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be an employee of one of the several Select Employer Groups (SEGs). Also open to those who live, work, worship or attend school in selected portions of Monrovia, Baldwin Park, Azusa, El Monte, So. El Monte, Monterey Park, So. San Grabriel, Montebello, Commerce, Whittier, Santa Fe Springs, Norwalk, City of Industry, La Puente, Rowland Heights, Diamond Bar, Walnut, San Dimas or Pomona. - See Details
Data for Q4 2013
Institution Health
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, 2013 Prospectors Federal Credit Union had $154,000 in non-current loans and owned real-estate with $5.87 million in equity and loan loss allowances on hand to cover it. This gives Prospectors Federal Credit Union a Texas Ratio of 2.62% 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 Prospectors Federal Credit Union decreased slightly from 3.12% as of December 31, 2012 to 2.62% as of December 31, 2013, resulting in a positive change of 15.97%.This indicates that the balance sheet and financial strength for Prospectors Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Prospectors Federal Credit Union has decreased its total deposits by $-826,000, resulting in -1.59% 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 Prospectors Federal Credit Union has shown is 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. Prospectors Federal Credit Union has $57.26 million in assets with $5.87 million in equity, resulting in a capitalization level of 10.25%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 6072 |
| Year Chartered | 1949 |
| Employees | 12 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $57.26 million |
| Loans | $20.80 million |
| Deposits | $51.24 million |
| Equity Capital | $5.48 million |
| Loan Loss Allowance | $388,000 |
| Unbacked Noncurrent Loans | $154,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $59.69 million |
| Equity Capital | $7.09 million |
| Loan Loss Allowance | $397,000 |
| Unbacked Noncurrent Loans | $154,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.6% |
| Return on Assets | 0.42% |
| Return on Equity | 4.4% |
| Interest Income | $1.87 million |
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Prospectors Federal Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $25 | - | IRA Share Account | |
| 0.40% | $500 | - | Education Savings Accounts (ESA's) | |
| 0.35% | $50k | $100k | Regular Share Account | |
| 0.15% | - | - | Christmas Club Account |
Prospectors Federal Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $100k | - | Hi-Yield Money Market Account | |
| 0.40% | $100k | - | Money Market Account |
Prospectors Federal Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $2,500 | - | Share Draft Account |
Prospectors Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $100k | - | 5 Year CD | |
| 1.15% | $100k | - | 4 Year CD | |
| 0.90% | $100k | - | 3 Year CD | |
| 0.70% | $100k | - | 2 Year CD | |
| 0.60% | $100k | - | 24 Month Bump It Up CD Special | |
| 0.50% | $100k | - | 1 Year CD | |
| 0.40% | $100k | - | 6 Month CD | |
| 0.30% | $100k | - | 3 Month CD |
Prospectors Federal Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.45% | $100k | - | 5 Year IRA | |
| 1.45% | $100k | - | 5 Year ESA | |
| 1.15% | $100k | - | 4 Year IRA | |
| 1.15% | $100k | - | 4 Year ESA | |
| 0.90% | $100k | - | 3 Year IRA | |
| 0.90% | $100k | - | 3 Year ESA | |
| 0.70% | $100k | - | 2 Year IRA | |
| 0.70% | $100k | - | 2 Year ESA | |
| 0.50% | $100k | - | 1 Year IRA | |
| 0.40% | $100k | - | 6 Month IRA | |
| 0.30% | $100k | - | 3 Month IRA |
| Prospectors Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1520 W Cameron Ave Ste 109 | West Covina, CA 91790 |
| Branch Office | 1310 Valley Vista Dr | Diamond Bar, CA 91765-3910 |