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Rio Blanco Schools Credit Union

Rio Blanco Schools Credit Union
Overview / Commentary
402 W Main St Ste 139
Rangely, CO 81648

Rio Blanco Schools Credit Union is headquartered in Rangely and is the 74th largest credit union in the state of Colorado. It is also the 5,126th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 2 employees and 741 members. Rio Blanco Schools Credit Union has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Rio Blanco Schools Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Rio Blanco Schools Credit Union had $0 in non-current loans and owned real-estate with $1.05 million in equity and loan loss allowances on hand to cover it. This gives Rio Blanco Schools Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Rio Blanco Schools Credit Union has increased its total deposits by $544,000, resulting in 12.84% 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 Rio Blanco Schools Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Rio Blanco Schools Credit Union has $5.79 million in assets with $1.05 million in equity, resulting in a capitalization level of 18.10%, which is excellent.

Institution Statistics

Overall
NCUA #13161
Year Chartered1959
Employees2
Primary Regulator
Assets and Liabilities
Assets$5.79 million
Loans$3.72 million
Deposits$4.78 million
Equity Capital$992,000
Loan Loss Allowance$56,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.17 million
Equity Capital$918,000
Loan Loss Allowance$44,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.42%
Return on Assets1.66%
Return on Equity9.68%
Interest Income$56,000
Rates

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Locations


Rio Blanco Schools Credit Union Locations
Branch Office402 W Main St Ste 139Rangely, CO 81648