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Overview / Commentary
816-356-0791
10021 E 66th Ter
Raytown, MO 64133

Raytown-Lee's Summit Community Credit Union is headquartered in Raytown and is the 33rd largest credit union in the state of Missouri. It is also the 2,082nd largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 17 employees and 9,350 members. Raytown-Lee's Summit Community Credit Union has a C+ health rating.

Field of Membership Restrictions

Must work or attend school in Raytown or Lee's Summit School District. Also open to those who live or work in selected areas of Raytown and Lee's Summit. - See Details

Reviews (1)

Good Credit Union; Horrible Employer

After several conversations with different employees, I decided to close my account.



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Raytown-Lee's Summit Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
B

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 Raytown-Lee's Summit Community Credit Union had $1.04 million in non-current loans and owned real-estate with $5.06 million in equity and loan loss allowances on hand to cover it. This gives Raytown-Lee's Summit Community Credit Union a Texas Ratio of 20.57% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Raytown-Lee's Summit Community Credit Union experienced no significant changes from 19.80% as of December 31, 2012 to 20.57% as of December 31, 2013, resulting in a negative change of 3.84%. This indicates that the balance sheet and financial strength for Raytown-Lee's Summit Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Raytown-Lee's Summit Community Credit Union has decreased its total deposits by -$1.1 million, resulting in -2% 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 Raytown-Lee's Summit Community Credit Union has shown is average.

Capitalization

GRADE:
C

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. Raytown-Lee's Summit Community Credit Union has $59.07 million in assets with $5.06 million in equity, resulting in a capitalization level of 8.56%, which is average.

Institution Statistics

Overall
NCUA #62815
Year Chartered1958
Employees17
Primary Regulator
Assets and Liabilities
Assets$59.07 million
Loans$50.24 million
Deposits$53.83 million
Equity Capital$4.76 million
Loan Loss Allowance$300,000
Unbacked Noncurrent Loans$756,000
Real Estate Owned$284,000
Historic Data - December 2012
Assets$59.99 million
Equity Capital$4.59 million
Loan Loss Allowance$418,000
Unbacked Noncurrent Loans$756,000
Real Estate Owned$236,000
Profit Margin - Quarterly
Net Interest Margin3.88%
Return on Assets0.28%
Return on Equity3.49%
Interest Income$2.27 million
Rates
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Raytown-Lee's Summit Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Regular Savings Account

Raytown-Lee's Summit Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.09%$500-60 Month CD
0.88%$500-48 Month CD
0.70%$500-36 Month CD
0.47%$500-24 Month CD
0.32%$500-18 Month CD
0.30%$500-12 Month CD
0.20%$500-6 Month CD

Raytown-Lee's Summit Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.09%$500-60 Month IRA (Traditional,Roth,CESA)
0.88%$500-48 Month IRA (Traditional,Roth,CESA)
0.70%$500-36 Month IRA (Traditional,Roth,CESA)
0.47%$500-24 Month IRA (Traditional,Roth,CESA)
0.32%$500-18 Month IRA (Traditional,CESA,Roth)
0.30%$500-12 Month IRA (Traditional,Roth,CESA)
0.20%$500-6 Month IRA (Traditional,Roth,CESA)
Locations


Raytown-Lee's Summit Community Credit Union Locations
Branch Office10021 E 66th TerRaytown, MO 64133
Branch Office815 SW state route 7Blue Springs, MO 64014
Branch Office504 SW 3rd StLees Summit, MO 64063