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Overview / Commentary
211 21st Ave SW
Cedar Rapids, IA 52404

St. Ludmila S Credit Union is headquartered in Cedar Rapids and is the 113st largest credit union in the state of Iowa. It is also the 6,439th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 190 members. St. Ludmila S Credit Union has a C health rating.

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. St. Ludmila S Credit Union has a very low asset base.

Texas Ratio

GRADE:
B

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 St. Ludmila S Credit Union had $19,000 in non-current loans and owned real-estate with $114,000 in equity and loan loss allowances on hand to cover it. This gives St. Ludmila S Credit Union a Texas Ratio of 16.67% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for St. Ludmila S Credit Union increased slightly from 2.63% as of March 31, 2013 to 16.67% as of March 31, 2014, resulting in a negative change of 533.33%. This indicates that the balance sheet and financial strength for St. Ludmila S Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, St. Ludmila S Credit Union has increased its total deposits by $8,000, resulting in 2.9% 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 St. Ludmila S 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. St. Ludmila S Credit Union has $392,000 in assets with $114,000 in equity, resulting in a capitalization level of 29.08%, which is excellent.

Institution Statistics

Overall
NCUA #65062
Year Chartered1962
Employees0
Primary Regulator
Assets and Liabilities
Assets$392,000
Loans$218,000
Deposits$284,000
Equity Capital$107,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - March 2013
Assets$384,000
Equity Capital$107,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.38%
Return on Assets0%
Return on Equity0%
Interest Income$3,000
Rates

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Locations


St. Ludmila S Credit Union Locations
Branch Office211 21st Ave SWCedar Rapids, IA 52404