Rio Grande Operating Credit Union is headquartered in DENVER and is the 72nd largest credit union in the state of Colorado. It is also the 4,771st largest credit union in the nation. It was established in 1931 and as of June of 2013, it had grown to 3 employees and 1,504 members. Rio Grande Operating Credit Union has a A+ health rating.
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 June 30, 2013 Rio Grande Operating Credit Union had $21,000 in non-current loans and owned real-estate with $1.28 million in equity and loan loss allowances on hand to cover it. This gives Rio Grande Operating Credit Union a Texas Ratio of 1.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Rio Grande Operating Credit Union increased slightly from 0.00% as of June 30, 2012 to 1.64% as of June 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Rio Grande Operating Credit Union has declined slightly in recent periods.
In the past year, Rio Grande Operating Credit Union has increased its total deposits by $422,000, resulting in 6.26% 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 Grande Operating Credit Union has shown is excellent.
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 Grande Operating Credit Union has $8.43 million in assets with $1.28 million in equity, resulting in a capitalization level of 15.16%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$1.25 million|
|Loan Loss Allowance||$28,000|
|Unbacked Noncurrent Loans||$21,000|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Equity Capital||$1.31 million|
|Loan Loss Allowance||$30,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.63%|
|Return on Assets||-0.64%|
|Return on Equity||-4.32%|
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|Rio Grande Operating Credit Union Locations|
|Branch Office||4593 pecos St||denver, CO 80211-2435|