Institution Statistics
| TREMONT | | NCUA # | 68349 | | BankRate Report | View | | Year Chartered | 1952 | | Employees | 38 | | Primary Regulator | |
Assets and Liabilities | | Assets | $164.57 million | | Loans | $120.99 million | | Deposits | $142.87 million | | Equity Capital | $20.16 million | | Loan Loss Allowance | $6.86 million | | Unbacked Noncurrent Loans | $7.76 million | | Real Estate Owned | $1.10 million |
Historic Data - December 2010 | | Assets | $169.63 million | | Equity Capital | $20.78 million | | Loan Loss Allowance | $7.32 million | | Unbacked Noncurrent Loans | $10.68 million | | Real Estate Owned | $1.20 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.61% | | Return on Assets | -0.29% | | Return on Equity | -2.41% | | Interest Income | $6.55 million | | Non-Interest Income | $1.52 million |
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Institution Health
Overall Score:
3 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 Tremont Credit Union had $8.86 million in non-current loans and owned real-estate with $27.01 million in equity and loan loss allowances on hand to cover it. This gives Tremont Credit Union a Texas Ratio of 32.79% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Tremont Credit Union decreased slightly from 42.31% as of December 31, 2010 to 32.79% as of December 31, 2011, resulting in a positive change of 22.49%.This indicates that the balance sheet and financial strength for Tremont Credit Union has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Tremont Credit Union has decreased its total deposits by -$4.97 million, resulting in -3.36% 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 Tremont Credit Union has shown is below 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. Tremont Credit Union has $164.57 million in assets with $27.01 million in equity, resulting in a capitalization level of 16.41%, which is excellent. |
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Average User Rating:
TREMONT ABUSIVE CREDIT UNION
I will not ever do business with Tremont Credit Union AGAIN!! Everyone I have dealt with is verbally abusive (Dan Perry) Dan Perry has repoed my car on my last payment that I owed after only 30 days late. When I received my car it was damaged and they refuse to pay. The amount of damages and losses came to a total of 2000.00. When I called to talk to Dan Perry he laughed when I asked why he r...epoed my car and was very abusive. I called back to talk to the superviser Pam and she was just as abusive. She told me I should of looked under my car to see if it was damaged. The heater core was torn off the weld from the hook on the tow truck. The water didnt start to come out until the water started to heat up, on my way home. But I guess you have to be a mechenic to get you car from National Auto Recovery from Weymouth. The guys were very threathening when they came to my home. They challenged my husband to fight as my 6, 10 and 13 year old children watched. I knew once they left I would not feel safe driving it. As my feelings were right as usual. I find that my car was badly damaged and will take 3-? days to be fixed. Now my husband is out of work. Just wondering is The Tremont Credit Union suppose to help their customers or are they suppose to mental abuse them and put them in the hole?