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Overview / Commentary
208-385-5200
P.O. Box 8145
Boise, ID 83707

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

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Health

Data for Q4 2013

Institution Health

A

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 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

GRADE:
A+

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

GRADE:
C

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

GRADE:
A+

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 Chartered1965
Employees39
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 Margin4.4%
Return on Assets0.09%
Return on Equity0.44%
Interest Income$4.31 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Trugrocer Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Trugrocer Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.40%$350k-Money Market Account

Trugrocer Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft

Trugrocer Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Trugrocer Credit Union Locations
Branch Office501 E Highland StBoise, ID 83706-6518
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