State Police Credit Union Inc.
State Police Credit Union Inc. is headquartered in Meriden and is the 25th largest credit union in the state of Connecticut. It is also the 2,096th largest credit union in the nation. It was established in 1960 and as of December of 2011, it had grown to 8 employees and 3,701 members. State Police Credit Union Inc. has a 5-star health rating.
See Rates for: Checking |
Savings |
CD |
IRA
State Police Credit Union Inc. Checking Account Rates
State Police Credit Union Inc. Savings Account Rates
|
Apy | Min | Max | Product |
| 0.30% | $25 | - | Regular Shares |
| 0.30% | - | - | Christmas Club |
| 0.30% | - | - | Vacation Club |
| 0.30% | - | - | Special Purpose Account |
| 0.30% | - | - | Loan Payment Shares |
| 0.30% | - | - | IRA Savings Account |
State Police Credit Union Inc. CD Rates
|
Apy | Min | Max | Product |
| 3.04% | $1k | - | 120 Month CD |
| 2.53% | $1k | - | 72 Month CD |
| 2.02% | $1k | - | 60 Month CD |
| 1.51% | $1k | - | 48 Month CD |
| 1.05% | $1k | - | 36 Month CD |
| 0.75% | $1k | - | 24 Month CD |
| 0.55% | $1k | - | 12 Month CD |
State Police Credit Union Inc. IRA Rates
|
Apy | Min | Max | Product |
| 3.04% | $1k | - | 120 Month IRA |
| 2.53% | $1k | - | 72 Month IRA |
| 2.02% | $1k | - | 60 Month IRA |
| 1.51% | $1k | - | 48 Month IRA |
| 1.05% | $1k | - | 36 Month IRA |
| 0.75% | $1k | - | 24 Month IRA |
| 0.55% | $1k | - | 12 Month IRA |
Rates updated: 5/27/2012
Data for Q4 2011
Institution Statistics
| STATE POLICE CREDIT UNION INC. | | NCUA # | 60048 | | BankRate Report | View | | Year Chartered | 1960 | | Employees | 8 | | Primary Regulator | |
Assets and Liabilities | | Assets | $56.16 million | | Loans | $22.61 million | | Deposits | $47.66 million | | Equity Capital | $8.45 million | | Loan Loss Allowance | $116,000 | | Unbacked Noncurrent Loans | $43,000 |
Historic Data - December 2010 | | Assets | $54.86 million | | Equity Capital | $8.24 million | | Loan Loss Allowance | $115,000 | | Unbacked Noncurrent Loans | $518,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.9% | | Return on Assets | 0.38% | | Return on Equity | 2.5% | | Interest Income | $1.67 million | | Non-Interest Income | $145,000 |
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Institution Health
Overall Score:
5 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 State Police Credit Union Inc. had $43,000 in non-current loans and owned real-estate with $8.56 million in equity and loan loss allowances on hand to cover it. This gives State Police Credit Union Inc. a Texas Ratio of 0.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for State Police Credit Union Inc. decreased significantly from 6.20% as of December 31, 2010 to 0.50% as of December 31, 2011, resulting in a positive change of 91.90%.This indicates that the balance sheet and financial strength for State Police Credit Union Inc. has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, State Police Credit Union Inc. has increased its total deposits by $1.08 million, resulting in 2.33% 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 State Police Credit Union Inc. 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. State Police Credit Union Inc. has $56.16 million in assets with $8.56 million in equity, resulting in a capitalization level of 15.25%, which is excellent. |
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