Saratoga's Community Credit Union

Saratoga's Community Credit Union is headquartered in Saratoga Spring and is the 122^nd largest credit union in the state of New York. It is also the 2,525^th largest credit union in the nation. It was established in 1945 and as of December of 2011, it had grown to 15 employees and 5,270 members. Saratoga's Community Credit Union's savings rates are 85% higher than the national average, and it has a 3-star health rating.

Saratoga's Community Credit Union Checking Account Rates

Saratoga's Community Credit Union Savings Account Rates

Saratoga's Community Credit Union Money Market Rates

Saratoga's Community Credit Union CD Rates

Saratoga's Community Credit Union IRA Rates

Data for Q4 2011

Institution Statistics SARATOGA'S COMMUNITY NCUA # 5252 BankRate Report View Year Chartered 1945 Employees 15 Primary Regulator Assets and Liabilities Assets $40.26 million Loans $36.62 million Deposits $37.11 million Equity Capital $2.87 million Loan Loss Allowance $60,000 Unbacked Noncurrent Loans $282,000 Real Estate Owned $217,000 Historic Data - December 2010 Assets $38.71 million Equity Capital $2.75 million Loan Loss Allowance $62,000 Unbacked Noncurrent Loans $378,000 Profit Margin - Quarterly Net Interest Margin 4.17% Return on Assets 0.29% Return on Equity 4.01% Interest Income $1.90 million Non-Interest Income $446,000

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 Saratoga's Community Credit Union had $499,000 in non-current loans and owned real-estate with $2.93 million in equity and loan loss allowances on hand to cover it. This gives Saratoga's Community Credit Union a Texas Ratio of 17.04% 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 Saratoga's Community Credit Union held steady from 13.42% as of December 31, 2010 to 17.04% as of December 31, 2011, resulting in a negative change of 26.92%. This indicates that the balance sheet and financial strength for Saratoga's Community Credit Union has held steady in recent periods. Deposit Growth In the past year, Saratoga's Community Credit Union has increased its total deposits by $1.16 million, resulting in 3.24% 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 Saratoga's 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. Saratoga's Community Credit Union has $40.26 million in assets with $2.93 million in equity, resulting in a capitalization level of 7.27%, which is below average.

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