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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 2,090th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 17 employees and 9,375 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 Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Raytown-Lee's Summit Community Credit Union had $810,000 in non-current loans and owned real-estate with $5.04 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 16.07% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Raytown-Lee's Summit Community Credit Union decreased slightly from 21.46% as of March 31, 2013 to 16.07% as of March 31, 2014, resulting in a positive change of 25.10%.This indicates that the balance sheet and financial strength for Raytown-Lee's Summit Community Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Raytown-Lee's Summit Community Credit Union has decreased its total deposits by -$1.16 million, resulting in -2.06% 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 $60.17 million in assets with $5.04 million in equity, resulting in a capitalization level of 8.38%, which is average.

Institution Statistics

Overall
NCUA #62815
Year Chartered1958
Employees17
Primary Regulator
Assets and Liabilities
Assets$60.17 million
Loans$48.38 million
Deposits$54.93 million
Equity Capital$4.72 million
Loan Loss Allowance$318,000
Unbacked Noncurrent Loans$479,000
Real Estate Owned$331,000
Historic Data - March 2013
Assets$61.26 million
Equity Capital$4.68 million
Loan Loss Allowance$327,000
Unbacked Noncurrent Loans$479,000
Real Estate Owned$132,000
Profit Margin - Quarterly
Net Interest Margin0.93%
Return on Assets-0.23%
Return on Equity-2.96%
Interest Income$510,000
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
0.88%$500-48 Month IRA
0.70%$500-36 Month IRA
0.47%$500-24 Month IRA
0.32%$500-18 Month IRA
0.30%$500-12 Month IRA
0.20%$500-6 Month IRA
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