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Overview / Commentary
2107 J St. SW
Cedar Rapids, IA 52404

St. Ludmila S Credit Union is headquartered in Cedar Rapids and is the 114st largest credit union in the state of Iowa. It is also the 6,496th largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 200 members. St. Ludmila S Credit Union has a C+ health rating.

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Health

Data for Q4 2013

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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 St. Ludmila S Credit Union had $19,000 in non-current loans and owned real-estate with $115,000 in equity and loan loss allowances on hand to cover it. This gives St. Ludmila S Credit Union a Texas Ratio of 16.52% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for St. Ludmila S Credit Union decreased slightly from 20.00% as of December 31, 2012 to 16.52% as of December 31, 2013, resulting in a positive change of 17.39%.This indicates that the balance sheet and financial strength for St. Ludmila S Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, St. Ludmila S Credit Union has increased its total deposits by $5,000, resulting in 1.86% 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 $383,000 in assets with $115,000 in equity, resulting in a capitalization level of 30.03%, which is excellent.

Institution Statistics

Overall
NCUA #65062
Year Chartered1962
Employees0
Primary Regulator
Assets and Liabilities
Assets$383,000
Loans$232,000
Deposits$274,000
Equity Capital$108,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - December 2012
Assets$378,000
Equity Capital$108,000
Loan Loss Allowance$7,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.81%
Return on Assets0%
Return on Equity0%
Interest Income$13,000
Rates

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Locations


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