United Methodist First Choice Credit Union
United Methodist First Choice Credit Union is headquartered in Rapid City and is the 40th largest credit union in the state of South Dakota. It is also the 5,652nd largest credit union in the nation. It was established in 1967 and as of December of 2011, it had grown to 2 employees and 1,164 members. United Methodist First Choice Credit Union has a 4-star health rating.
See Rates for: Savings |
CD
United Methodist First Choice Credit Union Savings Account Rates
|
Apy | Min | Max | Product |
| 0.50% | $25 | - | I IRA Account |
| 0.50% | $25 | - | J IRA Account |
| 0.05% | $25 | - | Regular Share Account |
United Methodist First Choice Credit Union CD Rates
Rates updated: 5/27/2012
Data for Q4 2011
Institution Statistics
| UNITED METHODIST FIRST CHOICE | | NCUA # | 18057 | | BankRate Report | View | | Year Chartered | 1967 | | Employees | 2 | | Primary Regulator | |
Assets and Liabilities | | Assets | $4.42 million | | Loans | $3.34 million | | Deposits | $4.12 million | | Equity Capital | $286,000 | | Loan Loss Allowance | $4,000 |
Historic Data - December 2010 | | Assets | $4.39 million | | Equity Capital | $281,000 | | Loan Loss Allowance | $2,000 | | Unbacked Noncurrent Loans | $3,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.32% | | Return on Assets | 0.11% | | Return on Equity | 1.75% | | Interest Income | $197,000 | | Non-Interest Income | $40,000 |
|
|
Institution Health
Overall Score:
4 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 United Methodist First Choice Credit Union had $0 in non-current loans and owned real-estate with $290,000 in equity and loan loss allowances on hand to cover it. This gives United Methodist First Choice Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, United Methodist First Choice Credit Union has increased its total deposits by $27,000, resulting in 0.66% 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 United Methodist First Choice 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. United Methodist First Choice Credit Union has $4.42 million in assets with $290,000 in equity, resulting in a capitalization level of 6.57%, which is below average. |
|
No reviews have been left for this bank yet. Be the first to review.
