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Overview / Commentary
559-732-8892
5222 W Cypress Ave
Visalia, CA 93277

Tucoemas Credit Union is headquartered in Visalia and is the 108th largest credit union in the state of California. It is also the 887th largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 82 employees and 33,004 members. Tucoemas Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Persons who live, work, worship, or attend school in, and businesses and other legal entities located within Tulare County, California. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Tucoemas Credit Union had $1.03 million in non-current loans and owned real-estate with $15.95 million in equity and loan loss allowances on hand to cover it. This gives Tucoemas Credit Union a Texas Ratio of 6.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Tucoemas Credit Union experienced no significant changes from 2.50% as of March 31, 2013 to 6.43% as of March 31, 2014, resulting in a negative change of 157.77%. This indicates that the balance sheet and financial strength for Tucoemas Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Tucoemas Credit Union has increased its total deposits by $3.39 million, resulting in 1.72% 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 Tucoemas Credit Union has shown is above 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. Tucoemas Credit Union has $216.08 million in assets with $15.95 million in equity, resulting in a capitalization level of 7.38%, which is below average.

Institution Statistics

Overall
NCUA #5718
Year Chartered1948
Employees82
Primary Regulator
Assets and Liabilities
Assets$216.08 million
Loans$116.08 million
Deposits$200.37 million
Equity Capital$15.11 million
Loan Loss Allowance$834,000
Unbacked Noncurrent Loans$1.03 million
Real Estate Owned$0
Historic Data - March 2013
Assets$212.46 million
Equity Capital$13.81 million
Loan Loss Allowance$1.13 million
Unbacked Noncurrent Loans$1.03 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0.03%
Interest Income$1.55 million
Rates

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Tucoemas Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.13%--Sheltered Deferred Compensation Account
0.45%$50k-Traditional IRA Daily Account
0.45%$50k-Education IRA Daily Account
0.45%$50k-Roth IRA Daily Account
0.45%$50k-Roth Rollover IRA Daily Account
0.10%$50k-Regular Share Savings Account
0.10%$50k-Uniform Gift to Minors Account
0.10%$50k-Special Share Account
0.05%$250$1,200Secured Visa Share Savings

Tucoemas Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$20k-Money Action Account

Tucoemas Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$100-Share Draft Account
0.07%$100-Checking Account

Tucoemas Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-24 Month CD
0.45%$100k-30 Month CD
0.45%$100k-48 Month CD
0.45%$100k-60 Month CD
0.35%$100k-12 Month CD
0.35%$100k-24 Month 2nd Chance CD
0.30%$100k-6 Month CD

Tucoemas Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-12 Month IRA Share Certificate
0.60%$100k-30 Month IRA Share Certificate
0.60%$100k-6 Month IRA Share Certificate
Locations


Tucoemas Credit Union Locations
Branch Office1389 W Henderson AvePorterville, CA 93257
Branch Office1233 E Prosperity AveTulare, CA 93274
Branch Office2300 W Whitendale AveVisalia, CA 93277
Branch Office5222 W Cypress AveVisalia, CA 93277