United Service Credit Union

United Service Credit Union is headquartered in West Des Moines and is the 34^th largest credit union in the state of Iowa. It is also the 2,576^th largest credit union in the nation. It was established in 1955 and as of December of 2012, it had grown to 7 employees and 4,130 members. United Service Credit Union's savings rates are 15% higher than the national average, and it has a 4-star health rating.

United Service Credit Union Routing Number: 273972619

United Service Credit Union Checking Account Rates

United Service Credit Union Savings Account Rates

United Service Credit Union Money Market Rates

United Service Credit Union CD Rates

Data for Q4 2012

Institution Statistics UNITED SERVICE NCUA # 61919 BankRate Report View Year Chartered 1955 Employees 7 Primary Regulator Assets and Liabilities Assets $39.47 million Loans $11.46 million Deposits $36.27 million Equity Capital $2.94 million Loan Loss Allowance $195,000 Unbacked Noncurrent Loans $185,000 Historic Data - December 2011 Assets $35.88 million Equity Capital $3.41 million Loan Loss Allowance $201,000 Unbacked Noncurrent Loans $4,000 Profit Margin - Quarterly Net Interest Margin 4.69% Return on Assets 0.07% Return on Equity 0.95% Interest Income $1.03 million Non-Interest Income $355,000

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, 2012 United Service Credit Union had $185,000 in non-current loans and owned real-estate with $3.13 million in equity and loan loss allowances on hand to cover it. This gives United Service Credit Union a Texas Ratio of 5.91% 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 United Service Credit Union increased slightly from 0.11% as of December 31, 2011 to 5.91% as of December 31, 2012, resulting in a negative change of 5,229.38%. This indicates that the balance sheet and financial strength for United Service Credit Union has declined slightly in recent periods. Deposit Growth In the past year, United Service Credit Union has increased its total deposits by $4.08 million, resulting in 12.68% 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 Service 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 Service Credit Union has $39.47 million in assets with $3.13 million in equity, resulting in a capitalization level of 7.93%, which is below average.

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