Sharefax Credit Union

Sharefax Credit Union Locations
1147 Old State Route 74
Batavia, OH 45103
(800) 733-1SCU (1728)
www.sharefax.org

Sharefax Credit Union is headquartered in BATAVIA and is the 16st largest credit union in the state of Ohio. It is also the 674th largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 57 employees and 25,767 members. Sharefax Credit Union has a 4-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Sharefax Credit Union Checking Account Rates

ApyMinMaxProduct
0.30%$10k-Ultimate Advantage Checking
0.25%$10k-Business Benefits Checking
0.00%--Checking Plus

Sharefax Credit Union Savings Account Rates

ApyMinMaxProduct
0.45%$100k-Maximizer Savings Account
0.40%$25k-Health Savings Account
0.35%$25k-IRA Share Savings Account
0.35%$10k-Champion Savers
0.35%$25k-Coverdell Education Savings Account
0.15%$50-Basic Shares
0.15%--Christmas Club

Sharefax Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$50k-Money Market Checking

Sharefax Credit Union CD Rates

ApyMinMaxProduct
2.27%$500-80 Month Gold Share Certificate
2.22%$500-80 Month Silver Share Certificate
2.02%$500-80 Month Share Certificate
2.02%$500-5 Year Gold Share Certificate
1.97%$500-5 Year Silver Share Certificate
1.76%$500-5 Year Share Certificate
1.51%$500-4 Year Gold Share Certificate
1.46%$500-4 Year Silver Share Certificate
1.26%$500-4 Year Share Certificate
1.26%$500-3 Year Gold Share Certificate
1.21%$500-3 Year Silver Share Certificate
1.16%$500-2 Year Gold Share Certificate
1.11%$500-2 Year Silver Share Certificate
1.00%$500-3 Year Share Certificate
0.90%$500-2 Year Share Certificate
0.85%$500-15 Month Gold Share Certificate
0.80%$500-15 Month Silver Share Certificate
0.75%$500-12 Month Gold Share Certificate
0.70%$500-12 Month Silver Share Certificate
0.60%$500-15 Month Share Certificate
0.60%$500-6 Month Gold Share Certificate
0.55%$500-6 Month Silver Share Certificate
0.50%$500-12 Month Share Certificate
0.45%$500-3 Month Gold Share Certificate
0.40%$500-3 Month Silver Share Certificate
0.35%$500-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Sharefax Credit Union IRA Rates

ApyMinMaxProduct
1.26%$500-30 Month Gold CESA Certificate
1.26%$500-30 Month Gold HSA Certificate
1.26%$500-30 Month Gold IRA Certificate
1.21%$500-30 Month Silver CESA Certificate
1.21%$500-30 Month Silver HSA Certificate
1.21%$500-30 Month Silver IRA Certificate
1.16%$500-24 Month Gold CESA Certificate
1.16%$500-24 Month Gold HSA Certificate
1.16%$500-24 Month Gold IRA Certificate
1.11%$500-24 Month Silver CESA Certificate
1.11%$500-24 Month Silver HSA Certificate
1.11%$500-24 Month Silver IRA Certificate
1.00%$500-30 Month IRA Certificate
1.00%$500-30 Month CESA Certificate
1.00%$500-30 Month HSA Certificate
0.90%$500-24 Month IRA Certificate
0.90%$500-24 Month CESA Certificate
0.90%$500-24 Month HSA Certificate
0.85%$500-18 Month Gold CESA Certificate
0.85%$500-18 Month Gold HSA Certificate
0.85%$500-18 Month Gold IRA Certificate
0.80%$500-18 Month Silver CESA Certificate
0.80%$500-18 Month Silver HSA Certificate
0.80%$500-18 Month Silver IRA Certificate
0.75%$500-12 Month Gold CESA Certificate
0.75%$500-12 Month Gold HSA Certificate
0.75%$500-12 Month Gold IRA Certificate
0.70%$500-12 Month Silver CESA Certificate
0.70%$500-12 Month Silver HSA Certificate
0.70%$500-12 Month Silver IRA Certificate
0.60%$500-18 Month IRA Certificate
0.60%$500-18 Month CESA Certificate
0.60%$500-18 Month HSA Certificate
0.50%$500-12 Month IRA Certificate
0.50%$500-12 Month CESA Certificate
0.50%$500-12 Month HSA Certificate

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


SHAREFAX
NCUA #61090
BankRate ReportView
Year Chartered1960
Employees57
Primary Regulator

Assets and Liabilities

Assets$277.86 million
Loans$153.27 million
Deposits$254.49 million
Equity Capital$21.31 million
Loan Loss Allowance$1.44 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$515,000

Historic Data - December 2010

Assets$259.21 million
Equity Capital$20.66 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$1.34 million

Profit Margin - Quarterly

Net Interest Margin3.87%
Return on Assets0.54%
Return on Equity7%
Interest Income$9.08 million
Non-Interest Income$3.61 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Sharefax Credit Union had $2.15 million in non-current loans and owned real-estate with $22.76 million in equity and loan loss allowances on hand to cover it. This gives Sharefax Credit Union a Texas Ratio of 9.43% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Sharefax Credit Union decreased slightly from 15.59% as of December 31, 2010 to 9.43% as of December 31, 2011, resulting in a positive change of 39.52%.This indicates that the balance sheet and financial strength for Sharefax Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Sharefax Credit Union has increased its total deposits by $16.96 million, resulting in 7.14% 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 Sharefax Credit Union has shown is excellent.
Capitalization3
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. Sharefax Credit Union has $277.86 million in assets with $22.76 million in equity, resulting in a capitalization level of 8.19%, which is average.
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