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Overview / Commentary
678 School St
Craig, CO 81625

St. Michaels Credit Union is headquartered in Craig and is the 89th largest credit union in the state of Colorado. It is also the 6,219st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 230 members. St. Michaels 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. Michaels Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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. Michaels Credit Union had $5,000 in non-current loans and owned real-estate with $96,000 in equity and loan loss allowances on hand to cover it. This gives St. Michaels Credit Union a Texas Ratio of 5.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for St. Michaels Credit Union decreased dramatically from 11.11% as of March 31, 2013 to 5.21% as of March 31, 2014, resulting in a positive change of 53.13%.This indicates that the balance sheet and financial strength for St. Michaels Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, St. Michaels Credit Union has increased its total deposits by $80,000, resulting in 9.6% 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. Michaels Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Michaels Credit Union has $997,000 in assets with $96,000 in equity, resulting in a capitalization level of 9.63%, which is above average.

Institution Statistics

Overall
NCUA #11340
Year Chartered1956
Employees0
Primary Regulator
Assets and Liabilities
Assets$997,000
Loans$273,000
Deposits$913,000
Equity Capital$82,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$0
Historic Data - March 2013
Assets$920,000
Equity Capital$85,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$5,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.25%
Return on Assets0%
Return on Equity0%
Interest Income$4,000
Rates

Sorry, we do not have rate data for St. Michaels Credit Union

Locations


St. Michaels Credit Union Locations
Branch Office678 School StCraig, CO 81625