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The Coca-Cola Company Family Credit Union

Based on 1 review
Overview / Commentary
404-676-2586
1 Coca-Cola Plz NE
Atlanta, GA 30313-2420

The Coca-Cola Company Family Credit Union is headquartered in Atlanta and is the 18st largest credit union in the state of Georgia. It is also the 1,034th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 45 employees and 14,139 members. The Coca-Cola Company Family Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of The Coca-Cola Company or its subsidiary. - See Details

Reviews (1)

The Services And Rates Are Good - Convenience Is Bad.

The ability to make deposits is not good. If you are retired, you are not in the downtown facility to make deposits. They do not have nearly enough locations where you can make deposits. Also, their funds availability for business checks from other states is not nearly as good as a regular bank. If I had to do it over again, not sure I would join until they make it easier to make a deposit.



Health

Data for Q1 2014

Institution Health

B+

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 The Coca-Cola Company Family Credit Union had $904,000 in non-current loans and owned real-estate with $15.85 million in equity and loan loss allowances on hand to cover it. This gives The Coca-Cola Company Family Credit Union a Texas Ratio of 5.70% 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 The Coca-Cola Company Family Credit Union experienced no significant changes from 2.93% as of March 31, 2013 to 5.70% as of March 31, 2014, resulting in a negative change of 94.98%. This indicates that the balance sheet and financial strength for The Coca-Cola Company Family Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, The Coca-Cola Company Family Credit Union has decreased its total deposits by -$2.85 million, resulting in -1.76% 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 The Coca-Cola Company Family Credit Union has shown is average.

Capitalization

GRADE:
C

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. The Coca-Cola Company Family Credit Union has $176.29 million in assets with $15.85 million in equity, resulting in a capitalization level of 8.99%, which is average.

Institution Statistics

Overall
NCUA #17017
Year Chartered1965
Employees45
Primary Regulator
Assets and Liabilities
Assets$176.29 million
Loans$98.25 million
Deposits$158.62 million
Equity Capital$14.63 million
Loan Loss Allowance$1.22 million
Unbacked Noncurrent Loans$904,000
Real Estate Owned$0
Historic Data - March 2013
Assets$177.93 million
Equity Capital$13.84 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$904,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.41%
Return on Equity4.92%
Interest Income$1.21 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Coca-Cola Company Family Credit Union, we are a rate comparison website and can not provide official rates or promotions.

The Coca-Cola Company Family Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$5k-Alumni Account
0.20%$50k-IRA Savings
0.20%$50k-Healthcare Savings
0.20%$50k-Premier Savings
0.10%$5k-Regular Savings
0.10%$5k-Holiday Club
0.10%$5k-Club Account

The Coca-Cola Company Family Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Classic Money Market

The Coca-Cola Company Family Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Checking Account

The Coca-Cola Company Family Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-60 Month IRA
0.85%$5k-48 Month IRA
0.65%$5k-36 Month IRA
0.45%$5k-24 Month IRA
0.30%$5k-12 Month IRA
Locations


The Coca-Cola Company Family Credit Union Locations
Branch Office1 Coca-Cola Plz NEAtlanta, GA 30313-2420