Tri-Cities Credit Union

Tri-Cities Credit Union is headquartered in Grand Haven and is the 198^th largest credit union in the state of Michigan. It is also the 3,206^th largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 7 employees and 4,822 members. Tri-Cities Credit Union has a 5-star health rating.

Tri-Cities Credit Union Savings Account Rates

Tri-Cities Credit Union Money Market Rates

Tri-Cities Credit Union CD Rates

Tri-Cities Credit Union IRA Rates

Data for Q4 2011

Institution Statistics TRI-CITIES NCUA # 62508 BankRate Report View Year Chartered 1955 Employees 7 Primary Regulator Assets and Liabilities Assets $25.03 million Loans $9.33 million Deposits $22.69 million Equity Capital $2.33 million Loan Loss Allowance $70,000 Unbacked Noncurrent Loans $30,000 Historic Data - December 2010 Assets $22.25 million Equity Capital $2.26 million Loan Loss Allowance $60,000 Unbacked Noncurrent Loans $38,000 Profit Margin - Quarterly Net Interest Margin 5.82% Return on Assets 0.29% Return on Equity 3.13% Interest Income $758,000 Non-Interest Income $348,000

Institution Health Overall Score: 5 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 Tri-Cities Credit Union had $30,000 in non-current loans and owned real-estate with $2.4 million in equity and loan loss allowances on hand to cover it. This gives Tri-Cities Credit Union a Texas Ratio of 1.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Tri-Cities Credit Union decreased slightly from 1.64% as of December 31, 2010 to 1.25% as of December 31, 2011, resulting in a positive change of 23.82%.This indicates that the balance sheet and financial strength for Tri-Cities Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Tri-Cities Credit Union has increased its total deposits by $2.73 million, resulting in 13.68% 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-Cities 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. Tri-Cities Credit Union has $25.03 million in assets with $2.4 million in equity, resulting in a capitalization level of 9.59%, which is average.

No reviews have been left for this bank yet. Be the first to review.