Quest Credit Union is headquartered in Topeka and is the 5th largest credit union in the state of Kansas. It is also the 733rd largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 57 employees and 29,121 members. Quest Credit Union 's savings rates are 44% higher than the national average, and it has a A health rating.
Membership to Quest Credit Union is open to persons residing, working or worshiping in, or organizations located within, the counties of Allen, Anderson, Atchison, Bourbon, Chase, Cherokee, Clay, Cloud, Coffey, Crawford, Dickinson, Douglas, Franklin, Geary, Harvey, Jackson, Jefferson, Johnson, Labette, Leavenworth, Lyon, Marion, McPherson, Miami, Morris, Neosho, Osage, Ottawa, Pottawatomie, Saline, Shawnee, Wabaunsee, Woodson and Wyandotte, all in the State of Kansas. Quest Credit Union membership is also open to those who work in American Telephone and Telegraph or several related companies. - See Details
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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 Quest Credit Union had $1.04 million in non-current loans and owned real-estate with $26.06 million in equity and loan loss allowances on hand to cover it. This gives Quest Credit Union a Texas Ratio of 3.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Quest Credit Union experienced no significant changes from 4.06% as of December 31, 2012 to 3.98% as of December 31, 2013, resulting in a positive change of 2.02%.This indicates that the balance sheet and financial strength for Quest Credit Union has had no significant changes in recent periods.
In the past year, Quest Credit Union has increased its total deposits by $5.06 million, resulting in 2.1% 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 Quest Credit Union has shown is above 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. Quest Credit Union has $271.76 million in assets with $26.06 million in equity, resulting in a capitalization level of 9.59%, which is above average.
|Assets and Liabilities|
|Equity Capital||$25.12 million|
|Loan Loss Allowance||$941,000|
|Unbacked Noncurrent Loans||$1.04 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$24.47 million|
|Loan Loss Allowance||$1.14 million|
|Unbacked Noncurrent Loans||$1.04 million|
|Real Estate Owned||$98,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.25%|
|Return on Assets||0.34%|
|Return on Equity||3.69%|
|Interest Income||$7.34 million|
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|0.75%||$25||-||Roth IRA Savings|
|0.75%||$25||-||Educational IRA Savings|
|0.45%||$50k||-||High Yield Savings|
|0.10%||$25||-||Interest Checking Account|
|1.50%||$500||-||60 Month CD|
|1.20%||$500||-||48 Month CD|
|1.00%||$500||-||36 Month CD|
|0.70%||$500||-||30 Month CD|
|0.60%||$500||-||24 Month CD|
|0.50%||$500||-||18 Month CD|
|0.45%||$500||-||14 Month CD|
|0.40%||$500||-||12 Month CD|
|0.20%||$500||-||6 Month CD|
|0.15%||$500||-||3 Month CD|
|1.50%||$500||-||60 Month IRA CD (Traditional,Roth,CESA)|
|1.20%||$500||-||48 Month IRA CD (Traditional,Roth,CESA)|
|1.00%||$500||-||36 Month IRA CD (Traditional,Roth,CESA)|
|0.70%||$500||-||30 Month IRA CD (Traditional,Roth,CESA)|
|0.60%||$500||-||24 Month IRA CD (Traditional,Roth,CESA)|
|0.50%||$500||-||18 Month IRA CD (Traditional,Roth,CESA)|
|0.45%||$500||-||14 Month IRA CD (Traditional,Roth,CESA)|
|0.40%||$500||-||12 Month IRA CD (Traditional,Roth,CESA)|
|0.20%||$500||-||6 Month IRA CD (Traditional,Roth,CESA)|
|0.15%||$500||-||3 Month IRA CD (Traditional,Roth,CESA)|
|Quest Credit Union Locations|
|Branch Office||8550 Quivira RD||Lenexa, KS 66215|
|Branch Office||610 SW 10th Ave||Topeka, KS 66612|
|Branch Office||5326 Ashby Ave||Fort Riley, KS 664422302|
|Branch Office||2634 NW US Highway 24||Topeka, KS 66618|
|Branch Office||3204 N Broadway St||Pittsburg, KS 66762|