R I D Credit Union

R I D Credit Union is headquartered in Rock Island and is the 240^th largest credit union in the state of Illinois. It is also the 5,800^th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 1 employees and 691 members. R I D Credit Union's savings rates are 73% higher than the national average, and it has a 4-star health rating.

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R I D Credit Union Savings Account Rates

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Data for Q4 2011

Institution Statistics R I D NCUA # 17238 BankRate Report View Year Chartered 1936 Employees 1 Primary Regulator Assets and Liabilities Assets $3.86 million Loans $1.30 million Deposits $3.42 million Equity Capital $431,000 Loan Loss Allowance $7,000 Unbacked Noncurrent Loans $20,000 Historic Data - December 2010 Assets $4.15 million Equity Capital $438,000 Loan Loss Allowance $7,000 Profit Margin - Quarterly Net Interest Margin 4.9% Return on Assets -0.18% Return on Equity -1.62% Interest Income $112,000 Non-Interest Income $9,000

Institution Health Overall Score: 4 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 R I D Credit Union had $20,000 in non-current loans and owned real-estate with $438,000 in equity and loan loss allowances on hand to cover it. This gives R I D Credit Union a Texas Ratio of 4.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, R I D Credit Union has decreased its total deposits by $-287,000, resulting in -7.73% 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 R I D Credit Union has shown is poor. 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. R I D Credit Union has $3.86 million in assets with $438,000 in equity, resulting in a capitalization level of 11.35%, which is above average.

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