Richmond Community Credit Union

Richmond Community Credit Union is headquartered in GRACEWOOD and is the 72^nd largest credit union in the state of Georgia. It is also the 3,730^th largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 9 employees and 3,988 members. Richmond Community Credit Union's savings rates are 15% higher than the national average, and it has a 3-star health rating.

Richmond Community Credit Union Checking Account Rates

Richmond Community Credit Union Savings Account Rates

Richmond Community Credit Union CD Rates

Richmond Community Credit Union IRA Rates

Data for Q4 2011

Institution Statistics RICHMOND COMMUNITY NCUA # 14578 BankRate Report View Year Chartered 1961 Employees 9 Primary Regulator Assets and Liabilities Assets $17.94 million Loans $7.68 million Deposits $16.34 million Equity Capital $1.41 million Loan Loss Allowance $180,000 Unbacked Noncurrent Loans $375,000 Real Estate Owned $74,000 Historic Data - December 2010 Assets $17.84 million Equity Capital $1.61 million Loan Loss Allowance $275,000 Unbacked Noncurrent Loans $262,000 Real Estate Owned $74,000 Profit Margin - Quarterly Net Interest Margin 7.07% Return on Assets 0.44% Return on Equity 5.6% Interest Income $620,000 Non-Interest Income $535,000

Institution Health Overall Score: 3 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 Richmond Community Credit Union had $449,000 in non-current loans and owned real-estate with $1.59 million in equity and loan loss allowances on hand to cover it. This gives Richmond Community Credit Union a Texas Ratio of 28.24% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Richmond Community Credit Union increased slightly from 17.87% as of December 31, 2010 to 28.24% as of December 31, 2011, resulting in a negative change of 58.00%. This indicates that the balance sheet and financial strength for Richmond Community Credit Union has declined slightly in recent periods. Deposit Growth In the past year, Richmond Community Credit Union has increased its total deposits by $179,000, resulting in 1.11% 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 Richmond Community Credit Union has shown is above average. 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. Richmond Community Credit Union has $17.94 million in assets with $1.59 million in equity, resulting in a capitalization level of 8.86%, which is average.

No reviews have been left for this bank yet. Be the first to review.