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Overview / Commentary
850-623-3877
5909 Stewart St
Milton, FL 32570

Santa Rosa County Credit Union is headquartered in Milton and is the 63rd largest credit union in the state of Florida. It is also the 1,554th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 39 employees and 11,660 members. Santa Rosa County Credit Union has a A health rating.

Field of Membership Restrictions

Must reside, work, worship or attend school in Santa Rosa County. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Santa Rosa County Credit Union has a relatively 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 Santa Rosa County Credit Union had $823,000 in non-current loans and owned real-estate with $12.55 million in equity and loan loss allowances on hand to cover it. This gives Santa Rosa County Credit Union a Texas Ratio of 6.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Santa Rosa County Credit Union experienced no significant changes from 5.61% as of March 31, 2013 to 6.56% as of March 31, 2014, resulting in a negative change of 16.79%. This indicates that the balance sheet and financial strength for Santa Rosa County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Santa Rosa County Credit Union has increased its total deposits by $6.13 million, resulting in 7.79% 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 Santa Rosa County 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. Santa Rosa County Credit Union has $97.3 million in assets with $12.55 million in equity, resulting in a capitalization level of 12.90%, which is excellent.

Institution Statistics

Overall
NCUA #11780
Year Chartered1957
Employees39
Primary Regulator
Assets and Liabilities
Assets$97.30 million
Loans$40.24 million
Deposits$84.85 million
Equity Capital$12.08 million
Loan Loss Allowance$472,000
Unbacked Noncurrent Loans$612,000
Real Estate Owned$211,000
Historic Data - March 2013
Assets$91.93 million
Equity Capital$12.33 million
Loan Loss Allowance$603,000
Unbacked Noncurrent Loans$612,000
Real Estate Owned$50,000
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets0.19%
Return on Equity1.56%
Interest Income$675,000
Rates
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Santa Rosa County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$1k-36 Month CD
0.95%$1k-24 Month CD
0.95%$1k-30 Month CD
0.55%$1k-12 Month CD
0.55%$1k-18 Month CD
0.45%$1k-6 Month CD
0.35%$1k-3 Month CD

Santa Rosa County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$25-36 Month IRA
0.95%$25-24 Month IRA
0.55%$25-12 Month IRA
Locations


Santa Rosa County Credit Union Locations
Branch Office5909 Stewart StMilton, FL 32570
Branch Office3918 Highway 4Jay, FL 32565
Branch Office3772 Highway 90Pace, FL 32571
Branch Office4934 Gulf Breeze PkwyGulf Breeze, FL 32563-9251
Branch Office6499 Caroline StMilton, FL 32570