Southern Pine Credit Union

Southern Pine Credit Union is headquartered in Valdosta and is the 48^th largest credit union in the state of Georgia. It is also the 2,514^st largest credit union in the nation. It was established in 1991 and as of December of 2011, it had grown to 5 employees and 2,132 members. Southern Pine Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

Southern Pine Credit Union Routing Number: 261271704

Southern Pine Credit Union Checking Account Rates

Southern Pine Credit Union Savings Account Rates

Data for Q4 2011

Institution Statistics SOUTHERN PINE NCUA # 67403 BankRate Report View Year Chartered 1991 Employees 5 Primary Regulator Assets and Liabilities Assets $40.55 million Loans $19.93 million Deposits $33.63 million Equity Capital $6.93 million Loan Loss Allowance $232,000 Unbacked Noncurrent Loans $903,000 Real Estate Owned $248,000 Historic Data - December 2010 Assets $39.33 million Equity Capital $6.67 million Loan Loss Allowance $269,000 Unbacked Noncurrent Loans $1.07 million Profit Margin - Quarterly Net Interest Margin 5.09% Return on Assets 0.62% Return on Equity 3.65% Interest Income $1.56 million Non-Interest Income $113,000

Institution Health Overall Score: 4 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 Southern Pine Credit Union had $1.15 million in non-current loans and owned real-estate with $7.16 million in equity and loan loss allowances on hand to cover it. This gives Southern Pine Credit Union a Texas Ratio of 16.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southern Pine Credit Union held steady from 15.45% as of December 31, 2010 to 16.08% as of December 31, 2011, resulting in a negative change of 4.02%. This indicates that the balance sheet and financial strength for Southern Pine Credit Union has held steady in recent periods. Deposit Growth In the past year, Southern Pine Credit Union has increased its total deposits by $993,000, resulting in 3.04% 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 Southern Pine Credit Union has shown is above average. 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. Southern Pine Credit Union has $40.55 million in assets with $7.16 million in equity, resulting in a capitalization level of 17.66%, which is excellent.

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