Shop-Rite Foodarama Credit Union

Shop-Rite Foodarama Credit Union is headquartered in Freehold and is the 129^th largest credit union in the state of New Jersey. It is also the 5,396^th largest credit union in the nation. It was established in 1962 and as of December of 2011, it had grown to 2 employees and 3,483 members. Shop-Rite Foodarama Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics SHOP-RITE FOODARAMA NCUA # 15370 BankRate Report View Year Chartered 1962 Employees 2 Primary Regulator Assets and Liabilities Assets $5.63 million Loans $1.95 million Deposits $4.08 million Equity Capital $1.67 million Loan Loss Allowance $65,000 Unbacked Noncurrent Loans $126,000 Historic Data - December 2010 Assets $5.32 million Equity Capital $1.64 million Loan Loss Allowance $65,000 Unbacked Noncurrent Loans $86,000 Profit Margin - Quarterly Net Interest Margin 13.75% Return on Assets 0.52% Return on Equity 1.74% Interest Income $359,000 Non-Interest Income $73,000

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 Shop-Rite Foodarama Credit Union had $126,000 in non-current loans and owned real-estate with $1.73 million in equity and loan loss allowances on hand to cover it. This gives Shop-Rite Foodarama Credit Union a Texas Ratio of 7.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Shop-Rite Foodarama Credit Union held steady from 5.05% as of December 31, 2010 to 7.28% as of December 31, 2011, resulting in a negative change of 44.14%. This indicates that the balance sheet and financial strength for Shop-Rite Foodarama Credit Union has held steady in recent periods. Deposit Growth In the past year, Shop-Rite Foodarama Credit Union has increased its total deposits by $293,000, resulting in 7.74% 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 Shop-Rite Foodarama 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. Shop-Rite Foodarama Credit Union has $5.63 million in assets with $1.73 million in equity, resulting in a capitalization level of 30.75%, which is excellent.

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