Institution Statistics
| ROMNEY | | NCUA # | 10301 | | BankRate Report | View | | Year Chartered | 1955 | | Employees | 3 | | Primary Regulator | |
Assets and Liabilities | | Assets | $5.72 million | | Loans | $2.35 million | | Deposits | $4.89 million | | Equity Capital | $819,000 | | Loan Loss Allowance | $12,000 | | Unbacked Noncurrent Loans | $30,000 |
Historic Data - December 2010 | | Assets | $5.29 million | | Equity Capital | $817,000 | | Loan Loss Allowance | $15,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.46% | | Return on Assets | 0.05% | | Return on Equity | 0.37% | | Interest Income | $199,000 | | Non-Interest Income | $1,000 |
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Institution Health
Overall Score:
5 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 Romney Credit Union had $30,000 in non-current loans and owned real-estate with $831,000 in equity and loan loss allowances on hand to cover it. This gives Romney Credit Union a Texas Ratio of 3.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Romney Credit Union has increased its total deposits by $438,000, resulting in 9.84% 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 Romney Credit Union has shown is excellent. | | 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. Romney Credit Union has $5.72 million in assets with $831,000 in equity, resulting in a capitalization level of 14.53%, which is excellent. |
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