Provo Police & Fire Dept. Credit Union

Provo Police & Fire Dept. Credit Union is headquartered in Provo and is the 68^th largest credit union in the state of Utah. It is also the 6,137^th largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to employees and 967 members. Provo Police & Fire Dept. Credit Union has a 3-star health rating.

Data for Q4 2011

Institution Statistics PROVO POLICE & FIRE DEPT. NCUA # 67110 BankRate Report View Year Chartered 1949 Employees 0 Primary Regulator Assets and Liabilities Assets $2.63 million Loans $1.83 million Deposits $2.33 million Equity Capital $298,000 Loan Loss Allowance $60,000 Unbacked Noncurrent Loans $69,000 Historic Data - December 2010 Assets $2.62 million Equity Capital $293,000 Loan Loss Allowance $52,000 Unbacked Noncurrent Loans $29,000 Profit Margin - Quarterly Net Interest Margin 4.71% Return on Assets 0.23% Return on Equity 2.01% Interest Income $113,000

Institution Health Overall Score: 3 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 Provo Police & Fire Dept. Credit Union had $69,000 in non-current loans and owned real-estate with $358,000 in equity and loan loss allowances on hand to cover it. This gives Provo Police & Fire Dept. Credit Union a Texas Ratio of 19.27% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Provo Police & Fire Dept. Credit Union increased slightly from 8.41% as of December 31, 2010 to 19.27% as of December 31, 2011, resulting in a negative change of 129.29%. This indicates that the balance sheet and financial strength for Provo Police & Fire Dept. Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Provo Police & Fire Dept. Credit Union has increased its total deposits by $5,000, resulting in 0.22% 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 Provo Police & Fire Dept. 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. Provo Police & Fire Dept. Credit Union has $2.63 million in assets with $358,000 in equity, resulting in a capitalization level of 13.62%, which is excellent.

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