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Overview / Commentary
815-673-1589
912 N Shabbona St
Streator, IL 61364

Streator Onized Credit Union is headquartered in Streator and is the 35th largest credit union in the state of Illinois. It is also the 959th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 65 employees and 23,978 members. Streator Onized Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live or work in Livingston, LaSalle, Marshall, Grundy, Putnam or Bureau County including all relatives. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Streator Onized Credit Union had $579,000 in non-current loans and owned real-estate with $24.15 million in equity and loan loss allowances on hand to cover it. This gives Streator Onized Credit Union a Texas Ratio of 2.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Streator Onized Credit Union experienced no significant changes from 1.47% as of March 31, 2013 to 2.40% as of March 31, 2014, resulting in a negative change of 63.47%. This indicates that the balance sheet and financial strength for Streator Onized Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Streator Onized Credit Union has increased its total deposits by $3.21 million, resulting in 1.93% 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 Streator Onized 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. Streator Onized Credit Union has $193.93 million in assets with $24.15 million in equity, resulting in a capitalization level of 12.45%, which is excellent.

Institution Statistics

Overall
NCUA #68226
Year Chartered1940
Employees65
Primary Regulator
Assets and Liabilities
Assets$193.93 million
Loans$122.13 million
Deposits$169.83 million
Equity Capital$23.40 million
Loan Loss Allowance$744,000
Unbacked Noncurrent Loans$530,000
Real Estate Owned$49,000
Historic Data - March 2013
Assets$189.01 million
Equity Capital$21.71 million
Loan Loss Allowance$648,000
Unbacked Noncurrent Loans$530,000
Real Estate Owned$10,000
Profit Margin - Quarterly
Net Interest Margin1.1%
Return on Assets0.73%
Return on Equity6.03%
Interest Income$1.63 million
Rates
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Streator Onized Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Share Account
0.35%--Christmas Club
0.35%--Vacation Club
0.35%--Youth Savers Club
0.25%--Regular Share Account
0.25%--EZ Savers Account

Streator Onized Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.44%$50k-Super Saver Money Market

Streator Onized Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-48 Month CD
1.05%$1k-36 Month CD
1.00%$1k-24 Month CD
0.90%$1k-18 Month CD
0.85%$1k-12 Month CD
0.75%$1k-6 Month CD
0.35%$1k-3 Month CD

Streator Onized Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-48 Month IRA
1.05%$1k-36 Month IRA
1.00%$1k-24 Month IRA
0.90%$1k-18 Month IRA
0.85%$1k-12 Month IRA
0.75%$1k-6 Month IRA
0.35%$1k-3 Month IRA
Locations


Streator Onized Credit Union Locations
Branch Office202 W Lincoln AveStreator, IL 61364
Branch Office912 N Shabbona StStreator, IL 61364
Branch Office120 E Northpoint DrStreator, IL 61364
Branch Office124 E Main StDwight, IL 60420
Branch Office610 S Newport RdPontiac, IL 61764