Sterling Heights Community Credit Union
Sterling Heights Community Credit Union is headquartered in STERLING HEIGHT and is the 239th largest credit union in the state of Michigan. It is also the 4,050th largest credit union in the nation. It was established in 1952 and as of December of 2011, it had grown to 4 employees and 2,000 members. Sterling Heights Community Credit Union has a 4-star health rating.
Data for Q4 2011
Institution Statistics
| STERLING HEIGHTS COMMUNITY | | NCUA # | 7927 | | BankRate Report | View | | Year Chartered | 1952 | | Employees | 4 | | Primary Regulator | |
Assets and Liabilities | | Assets | $14.42 million | | Loans | $6.27 million | | Deposits | $12.46 million | | Equity Capital | $1.84 million | | Loan Loss Allowance | $116,000 | | Unbacked Noncurrent Loans | $350,000 | | Real Estate Owned | $14,000 |
Historic Data - December 2010 | | Assets | $13.18 million | | Equity Capital | $1.89 million | | Loan Loss Allowance | $96,000 | | Unbacked Noncurrent Loans | $235,000 | | Real Estate Owned | $14,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.41% | | Return on Assets | -0.11% | | Return on Equity | -0.87% | | Interest Income | $631,000 | | Non-Interest Income | $103,000 |
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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 Sterling Heights Community Credit Union had $364,000 in non-current loans and owned real-estate with $1.96 million in equity and loan loss allowances on hand to cover it. This gives Sterling Heights Community Credit Union a Texas Ratio of 18.62% 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 Sterling Heights Community Credit Union increased slightly from 12.57% as of December 31, 2010 to 18.62% as of December 31, 2011, resulting in a negative change of 48.13%. This indicates that the balance sheet and financial strength for Sterling Heights Community Credit Union has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Sterling Heights Community Credit Union has increased its total deposits by $1.28 million, resulting in 11.43% 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 Sterling Heights Community Credit Union has shown is excellent. | | 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. Sterling Heights Community Credit Union has $14.42 million in assets with $1.96 million in equity, resulting in a capitalization level of 13.56%, which is excellent. |
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