Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. U-1St Community Credit Union has a very low asset base.
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 U-1St Community Credit Union had $32,000 in non-current loans and owned real-estate with $892,000 in equity and loan loss allowances on hand to cover it. This gives U-1St Community Credit Union a Texas Ratio of 3.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for U-1St Community Credit Union experienced no significant changes from 2.08% as of March 31, 2013 to 3.59% as of March 31, 2014, resulting in a negative change of 72.20%. This indicates that the balance sheet and financial strength for U-1St Community Credit Union has had no significant changes in recent periods.
In the past year, U-1St Community Credit Union has increased its total deposits by $246,000, resulting in 3.72% 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 U-1St Community Credit Union has shown is excellent.
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. U-1St Community Credit Union has $7.71 million in assets with $892,000 in equity, resulting in a capitalization level of 11.56%, which is excellent.