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877-496-1996
600 East Eighth Ave
Munhall, PA 15120

Tri Boro Credit Union is headquartered in Munhall and is the 56th largest credit union in the state of Pennsylvania. It is also the 1,456th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 29 employees and 10,229 members. Tri Boro Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Allegheny or Washington County. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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, 2013 Tri Boro Credit Union had $525,000 in non-current loans and owned real-estate with $9.59 million in equity and loan loss allowances on hand to cover it. This gives Tri Boro Credit Union a Texas Ratio of 5.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Tri Boro Credit Union decreased slightly from 7.31% as of December 31, 2012 to 5.48% as of December 31, 2013, resulting in a positive change of 25.07%.This indicates that the balance sheet and financial strength for Tri Boro Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Tri Boro Credit Union has decreased its total deposits by -$1.63 million, resulting in -1.7% 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 Tri Boro 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. Tri Boro Credit Union has $103.8 million in assets with $9.59 million in equity, resulting in a capitalization level of 9.24%, which is average.

Institution Statistics

Overall
NCUA #794
Year Chartered1935
Employees29
Primary Regulator
Assets and Liabilities
Assets$103.80 million
Loans$45.80 million
Deposits$94.10 million
Equity Capital$9.34 million
Loan Loss Allowance$243,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$0
Historic Data - December 2012
Assets$104.47 million
Equity Capital$8.37 million
Loan Loss Allowance$301,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$27,000
Profit Margin - Quarterly
Net Interest Margin5.13%
Return on Assets0.14%
Return on Equity1.61%
Interest Income$3.21 million
Rates
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Tri Boro Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Accumulation IRA
0.10%--Accumulation Roth IRA
0.10%--Accumulation CESA
0.01%--Christmas Club Account

Tri Boro Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%$3k-Share Draft (Checking Plus) Account

Tri Boro Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-5 Year Share Certificate
0.70%$500-4 Year Share Certificate
0.45%$500-3 Year Share Certificate
0.30%$500-2 Year Share Certificate
0.20%$500-18 Month Share Certificate
0.15%$500-1 Year Share Certificate
0.10%$2,500-6 Month Share Certificate
0.05%$2,500-91 Day Share Certificate

Tri Boro Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-5 Year IRA (Traditional,Roth,CESA)
0.45%$1k-3 Year IRA (Traditional,Roth,CESA)
0.20%$1k-1 Year IRA (Traditional,Roth,CESA)
Locations


Tri Boro Credit Union Locations
Branch Office4215 William Penn HwyMonroeville, PA 15146
Branch Office600 E 8th AveMunhall, PA 15120-1906
Branch Office617 E McMurray RdMcMurray, PA 15317