U-Haul Credit Union

U-Haul Credit Union is headquartered in PHOENIX and is the 43^rd largest credit union in the state of Arizona. It is also the 5,664^th largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to 3 employees and 2,664 members. U-Haul Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics U-HAUL NCUA # 15847 BankRate Report View Year Chartered 1963 Employees 3 Primary Regulator Assets and Liabilities Assets $4.36 million Loans $2.96 million Deposits $3.99 million Equity Capital $365,000 Loan Loss Allowance $32,000 Unbacked Noncurrent Loans $13,000 Historic Data - December 2010 Assets $3.83 million Equity Capital $240,000 Loan Loss Allowance $42,000 Unbacked Noncurrent Loans $11,000 Profit Margin - Quarterly Net Interest Margin 6.97% Return on Assets 2.77% Return on Equity 33.15% Interest Income $222,000 Non-Interest Income $138,000

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 U-Haul Credit Union had $13,000 in non-current loans and owned real-estate with $397,000 in equity and loan loss allowances on hand to cover it. This gives U-Haul Credit Union a Texas Ratio of 3.27% 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 U-Haul Credit Union decreased slightly from 3.90% as of December 31, 2010 to 3.27% as of December 31, 2011, resulting in a positive change of 16.05%.This indicates that the balance sheet and financial strength for U-Haul Credit Union has improved slightly in recent periods. Deposit Growth In the past year, U-Haul Credit Union has increased its total deposits by $409,000, resulting in 11.44% 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-Haul 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. U-Haul Credit Union has $4.36 million in assets with $397,000 in equity, resulting in a capitalization level of 9.10%, which is average.

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