Sonoma Credit Union is headquartered in Santa Rosa and is the 289th largest credit union in the state of California. It is also the 3,616st largest credit union in the nation. It was established in 1961 and as of June of 2013, it had grown to 4 employees and 1,851 members. Sonoma Credit Union has a B health rating.
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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 Sonoma Credit Union had $0 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 Sonoma Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sonoma Credit Union increased slightly from 10.31% as of June 30, 2012 to 0.00% as of June 30, 2013, resulting in a positive change of 100.00%.This indicates that the balance sheet and financial strength for Sonoma Credit Union has declined slightly in recent periods.
In the past year, Sonoma Credit Union has decreased its total deposits by -$1.11 million, resulting in -5.91% 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 Sonoma Credit Union has shown is below average.
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. Sonoma Credit Union has $19.28 million in assets with $1.73 million in equity, resulting in a capitalization level of 8.97%, which is average.
|Assets and Liabilities|
|Equity Capital||$1.60 million|
|Loan Loss Allowance||$126,000|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Equity Capital||$1.61 million|
|Loan Loss Allowance||$321,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.02%|
|Return on Assets||1.58%|
|Return on Equity||18.95%|
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|0.12%||$100k||-||Premium Money Market Savings:|
|0.02%||$1k||$100k||Money Market Checking|
|0.80%||$1k||-||5 Year CD|
|0.40%||$1k||-||4 Year CD|
|0.25%||$1k||-||3 Year CD|
|0.20%||$1k||-||30 Month CD|
|0.15%||$1k||-||2 Year CD|
|0.10%||$1k||-||18 Month CD|
|0.05%||$1k||-||1 Year CD|
|0.02%||$1k||-||3 Month CD|
|0.02%||$1k||-||6 Month CD|
|0.02%||$1k||-||9 Month CD|
|0.80%||$1k||-||5 Year IRA|
|0.40%||$1k||-||4 Year IRA|
|0.25%||$1k||-||3 Year IRA|
|0.20%||$1k||-||30 Month IRA|
|0.15%||$1k||-||2 Year IRA|
|0.10%||$1k||-||18 Month IRA|
|0.05%||$1k||-||1 Year IRA|
|0.02%||$1k||-||3 Month IRA|
|0.02%||$1k||-||6 Month IRA|
|0.02%||$1k||-||9 Month IRA|
|Sonoma Credit Union Locations|
|Branch Office||1126 Montgomery Dr||Santa Rosa, CA 95405-4802|