United Neighborhood Credit Union

United Neighborhood Credit Union is headquartered in Augusta and is the 133^rd largest credit union in the state of Georgia. It is also the 6,588^th largest credit union in the nation. It was established in 2002 and as of December of 2011, it had grown to 2 employees and 637 members. United Neighborhood Credit Union has a 5-star health rating.

Data for Q4 2011

Institution Statistics UNITED NEIGHBORHOOD NCUA # 24683 BankRate Report View Year Chartered 2002 Employees 2 Primary Regulator Assets and Liabilities Assets $1.29 million Loans $744,000 Deposits $1.10 million Equity Capital $182,000 Loan Loss Allowance $14,000 Unbacked Noncurrent Loans $28,000 Historic Data - December 2010 Assets $990,000 Equity Capital $171,000 Loan Loss Allowance $30,000 Unbacked Noncurrent Loans $45,000 Profit Margin - Quarterly Net Interest Margin 8.55% Return on Assets 0.78% Return on Equity 5.49% Interest Income $69,000 Non-Interest Income $60,000

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 United Neighborhood Credit Union had $28,000 in non-current loans and owned real-estate with $196,000 in equity and loan loss allowances on hand to cover it. This gives United Neighborhood Credit Union a Texas Ratio of 14.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for United Neighborhood Credit Union decreased slightly from 22.39% as of December 31, 2010 to 14.29% as of December 31, 2011, resulting in a positive change of 36.19%.This indicates that the balance sheet and financial strength for United Neighborhood Credit Union has improved slightly in recent periods. Deposit Growth In the past year, United Neighborhood Credit Union has increased its total deposits by $290,000, resulting in 35.8% 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 Neighborhood 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. United Neighborhood Credit Union has $1.29 million in assets with $196,000 in equity, resulting in a capitalization level of 15.21%, which is excellent.

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