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Overview / Commentary
208-454-4286
16751 Simplot Blvd
Caldwell, ID 83607

Simplot Employees Credit Union is headquartered in Caldwell and is the 28th largest credit union in the state of Idaho. It is also the 3,621st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 7 employees and 4,854 members. Simplot Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Simplot Employees Credit Union is open to any person, or groups of people, who are employed by the J.R. Simplot Company or any of the company's many subsidiaries and affiliates. In addition, once a Simplot employee becomes a credit union member, other members of that employee's immediate family are also eligible to join! Also, once you join as a member you can stay a member forever, even if you are no longer a Simplot employee. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Simplot Employees Credit Union has a 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 Simplot Employees Credit Union had $129,000 in non-current loans and owned real-estate with $3.25 million in equity and loan loss allowances on hand to cover it. This gives Simplot Employees Credit Union a Texas Ratio of 3.97% 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 Simplot Employees Credit Union experienced no significant changes from 4.17% as of March 31, 2013 to 3.97% as of March 31, 2014, resulting in a positive change of 4.65%.This indicates that the balance sheet and financial strength for Simplot Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Simplot Employees Credit Union has increased its total deposits by $214,000, resulting in 1.36% 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 Simplot Employees Credit Union has shown is above average.

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. Simplot Employees Credit Union has $19.1 million in assets with $3.25 million in equity, resulting in a capitalization level of 17.00%, which is excellent.

Institution Statistics

Overall
NCUA #61179
Year Chartered1956
Employees7
Primary Regulator
Assets and Liabilities
Assets$19.10 million
Loans$10.16 million
Deposits$15.98 million
Equity Capital$3.06 million
Loan Loss Allowance$191,000
Unbacked Noncurrent Loans$129,000
Real Estate Owned$0
Historic Data - March 2013
Assets$18.90 million
Equity Capital$3.05 million
Loan Loss Allowance$191,000
Unbacked Noncurrent Loans$129,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.53%
Return on Assets0%
Return on Equity0%
Interest Income$176,000
Rates
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Simplot Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Regular Shares

Simplot Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%--1 Year Certificate
Locations


Simplot Employees Credit Union Locations
Branch Office16751 Simplot BlvdCaldwell, ID 83607
Branch Office16751 Simplot BlvdCaldwell, ID 83607