Unity CU (MI)

Unity CU (MI) is headquartered in WARREN and is the 150^th largest credit union in the state of Michigan. It is also the 2,270^th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 10 employees and 8,288 members. Unity CU (MI) has a 5-star health rating.

Unity CU (MI) Savings Account Rates

Unity CU (MI) IRA Rates

Data for Q4 2011

Institution Statistics UNITY NCUA # 62362 BankRate Report View Year Chartered 1954 Employees 10 Primary Regulator Assets and Liabilities Assets $48.75 million Loans $15.63 million Deposits $41.58 million Equity Capital $7.08 million Loan Loss Allowance $370,000 Unbacked Noncurrent Loans $407,000 Historic Data - December 2010 Assets $39.10 million Equity Capital $6.74 million Loan Loss Allowance $167,000 Unbacked Noncurrent Loans $172,000 Profit Margin - Quarterly Net Interest Margin 5.75% Return on Assets 0.15% Return on Equity 1% Interest Income $1.33 million Non-Interest Income $226,000

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 Unity CU (MI) had $407,000 in non-current loans and owned real-estate with $7.45 million in equity and loan loss allowances on hand to cover it. This gives Unity CU (MI) a Texas Ratio of 5.46% 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 Unity CU (MI) held steady from 2.49% as of December 31, 2010 to 5.46% as of December 31, 2011, resulting in a negative change of 119.39%. This indicates that the balance sheet and financial strength for Unity CU (MI) has held steady in recent periods. Deposit Growth In the past year, Unity CU (MI) has increased its total deposits by $9.26 million, resulting in 28.65% 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 Unity CU (MI) 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. Unity CU (MI) has $48.75 million in assets with $7.45 million in equity, resulting in a capitalization level of 15.29%, which is excellent.

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