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Overview / Commentary
1209 Reckeweg Rd
Fort Wayne, IN 46804

Public Service Credit Union is headquartered in Fort Wayne and is the 78th largest credit union in the state of Indiana. It is also the 3,062nd largest credit union in the nation. It was established in 1932 and as of December of 2013, it had grown to 8 employees and 2,708 members. Public Service Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Allen County. - See Details

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Data for Q4 2013

Institution Health

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

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 Public Service Credit Union had $100,000 in non-current loans and owned real-estate with $3.42 million in equity and loan loss allowances on hand to cover it. This gives Public Service Credit Union a Texas Ratio of 2.93% 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 Public Service Credit Union experienced no significant changes from 0.92% as of December 31, 2012 to 2.93% as of December 31, 2013, resulting in a negative change of 217.29%. This indicates that the balance sheet and financial strength for Public Service Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Public Service Credit Union has decreased its total deposits by $-197,000, resulting in -0.82% 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 Public Service Credit Union has shown is average.



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. Public Service Credit Union has $27.29 million in assets with $3.42 million in equity, resulting in a capitalization level of 12.51%, which is excellent.

Institution Statistics

NCUA #64275
Year Chartered1932
Primary Regulator
Assets and Liabilities
Assets$27.29 million
Loans$15.09 million
Deposits$23.77 million
Equity Capital$3.37 million
Loan Loss Allowance$44,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Historic Data - December 2012
Assets$27.45 million
Equity Capital$3.30 million
Loan Loss Allowance$61,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.26%
Return on Assets0.27%
Return on Equity2.17%
Interest Income$919,000

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Public Service Credit Union Savings Account Rates

0.40%$1k-IRA Savings Account
0.40%$1k-Coverdell Education Savings Account
0.40%$1k-Roth IRA Savings Account
0.10%$100k-Savings Account
0.10%$100k-Club Account

Public Service Credit Union Money Market Rates

0.24%$100k-Funds Manager Account

Public Service Credit Union Checking Account Rates

1.61%-$10kSmart Checking
0.01%--Smart Checking

Public Service Credit Union CD Rates

1.15%$1k-60 Month CD
1.00%$1k-48 Month CD
0.70%$1k-36 Month CD
0.50%$1k-30 Month CD
0.45%$1k-24 Month CD
0.35%$1k-18 Month CD
0.25%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Public Service Credit Union IRA Rates

1.15%$1k-60 Month IRA (Traditional,Roth,CESA)
1.00%$1k-48 Month IRA (Traditional,Roth,CESA)
0.70%$1k-36 Month IRA (Traditional,Roth,CESA)
0.50%$1k-30 Month IRA (Traditional,Roth,CESA)
0.45%$1k-24 Month IRA (Traditional,Roth,CESA)
0.35%$1k-18 Month IRA (Traditional,Roth,CESA)
0.25%$1k-12 Month IRA (Traditional,Roth,CESA)
0.20%$1k-6 Month IRA (Traditional,Roth,CESA)
0.10%$1k-3 Month IRA (Traditional,Roth,CESA)

Public Service Credit Union Locations
Branch Office1209 Reckeweg RdFort Wayne, IN 46804
Branch Office7017 Old Trail RdFort Wayne, IN 46809-2713