Trugrocer Credit Union
Trugrocer Credit Union is headquartered in Boise and is the 7th largest credit union in the state of Idaho. It is also the 844th largest credit union in the nation. It was established in 1965 and as of December of 2013, it had grown to 39 employees and 30,279 members. Trugrocer Credit Union has a A health rating.
Field of Membership Restrictions
Must be an employee who work regularly in the grocery or supermarket industry. - See Details
Data for Q4 2013
Institution Health
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, 2013 Trugrocer Credit Union had $419,000 in non-current loans and owned real-estate with $48.56 million in equity and loan loss allowances on hand to cover it. This gives Trugrocer Credit Union a Texas Ratio of 0.86% 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 Trugrocer Credit Union decreased dramatically from 1.70% as of December 31, 2012 to 0.86% as of December 31, 2013, resulting in a positive change of 49.13%.This indicates that the balance sheet and financial strength for Trugrocer Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Trugrocer Credit Union has decreased its total deposits by -$2.07 million, resulting in -1.17% 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 Trugrocer Credit Union has shown is 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. Trugrocer Credit Union has $224.29 million in assets with $48.56 million in equity, resulting in a capitalization level of 21.65%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 17127 |
| Year Chartered | 1965 |
| Employees | 39 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $224.29 million |
| Loans | $68.56 million |
| Deposits | $174.79 million |
| Equity Capital | $48.19 million |
| Loan Loss Allowance | $363,000 |
| Unbacked Noncurrent Loans | $305,000 |
| Real Estate Owned | $114,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $226.42 million |
| Equity Capital | $47.98 million |
| Loan Loss Allowance | $475,000 |
| Unbacked Noncurrent Loans | $305,000 |
| Real Estate Owned | $355,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.4% |
| Return on Assets | 0.09% |
| Return on Equity | 0.44% |
| Interest Income | $4.31 million |
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Trugrocer Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | - | - | Roth Conversion IRA | |
| 0.45% | - | - | Roth IRA | |
| 0.45% | - | - | Traditional IRA | |
| 0.15% | - | - | Vacation Club | |
| 0.15% | - | - | Christmas Club | |
| 0.15% | - | - | Health Savings Account | |
| 0.10% | - | - | Regular Shares |
Trugrocer Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $350k | - | Money Market Account |
Trugrocer Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.00% | - | - | Share Draft |
Trugrocer Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.31% | $10k | - | 60 Month Money Market CD | |
| 1.26% | $500 | - | 60 Month Small Saver CD | |
| 1.06% | $10k | - | 48 Month Money Market CD | |
| 1.01% | $500 | - | 48 Month Small Saver CD | |
| 0.95% | $50k | - | 36 Month Super Market CD | |
| 0.90% | $10k | - | 36 Month Money Market CD | |
| 0.85% | $500 | - | 36 Month Small Saver CD | |
| 0.55% | $50k | - | 24 Month Super Market CD | |
| 0.50% | $10k | - | 24 Month Money Market CD | |
| 0.45% | $50k | - | 12 Month Super Market CD | |
| 0.40% | $500 | - | 24 Month Small Saver CD | |
| 0.40% | $10k | - | 12 Month Money Market CD | |
| 0.35% | $500 | - | 12 Month Small Saver CD | |
| 0.25% | $10k | - | 6 Month Money Market CD | |
| 0.20% | $500 | - | 6 Month Small Saver CD |
| Trugrocer Credit Union Locations | ||
|---|---|---|
| Branch Office | 501 E Highland St | Boise, ID 83706-6518 |
| Branch Office | 3335 E Overland Rd | Meridian, ID 83642-6755 |
| Branch Office | 3305 Lake Breeze Dr | Orlando, FL 32808-3026 |
| Branch Office | 1327 Brown Trl | Bedford, TX 76022-6401 |
| Branch Office | 341 Imperial Hwy | Fullerton, CA 92835-1039 |
| Branch Office | 205 Spencer Dr | Wells, ME 04090-5553 |