Snake River Credit Union is headquartered in Twin Falls and is the 42nd largest credit union in the state of Idaho. It is also the 5,216st largest credit union in the nation. It was established in 1953 and as of June of 2013, it had grown to 3 employees and 1,312 members. Snake River Credit Union has a A health rating.
Must be an employee or member of the Snake River Sugar Company d.b.a. Amalgamated Sugar Company who work in Arizona, California, Idaho, Minnesota, Oregon, Texas, Utah or Washington. - See Details
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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 June 30, 2013 Snake River Credit Union had $6,000 in non-current loans and owned real-estate with $557,000 in equity and loan loss allowances on hand to cover it. This gives Snake River Credit Union a Texas Ratio of 1.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Snake River Credit Union increased slightly from 0.00% as of June 30, 2012 to 1.08% as of June 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Snake River Credit Union has declined slightly in recent periods.
In the past year, Snake River Credit Union has increased its total deposits by $420,000, resulting in 8.93% 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 Snake River Credit Union has shown is excellent.
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. Snake River Credit Union has $5.72 million in assets with $557,000 in equity, resulting in a capitalization level of 9.74%, which is above average.
|Assets and Liabilities|
|Loan Loss Allowance||$56,000|
|Unbacked Noncurrent Loans||$6,000|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Loan Loss Allowance||$23,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.83%|
|Return on Assets||1.05%|
|Return on Equity||11.98%|
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|0.15%||$5k||-||Share Savings Account|
|1.30%||$500||-||2 Year Share Certificate|
|0.90%||$500||-||1 Year Share Certificate|
|0.00%||$500||-||3 Month Share Certificate|
|Snake River Credit Union Locations|
|Branch Office||2361 Orchard Dr E||Twin Falls, ID 83301-7987|