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University of Toledo Federal Credit Union

Overview / Commentary
419-534-3770
5248 Hill Ave
Toledo, OH 43615

University of Toledo Federal Credit Union is headquartered in Toledo and is the 83rd largest credit union in the state of Ohio. It is also the 1,990th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 17 employees and 6,655 members. University of Toledo Federal Credit Union has a A health rating.

Field of Membership Restrictions

Any faculty, staff, physician, resident, student or member of the University of Toledo Alumni Association and their immediate family members are eligible to join the UT Federal Credit Union. - See Details

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Health

Data for Q4 2013

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. University of Toledo Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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, 2013 University of Toledo Federal Credit Union had $273,000 in non-current loans and owned real-estate with $7.47 million in equity and loan loss allowances on hand to cover it. This gives University of Toledo Federal Credit Union a Texas Ratio of 3.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for University of Toledo Federal Credit Union decreased dramatically from 7.16% as of December 31, 2012 to 3.65% as of December 31, 2013, resulting in a positive change of 48.95%.This indicates that the balance sheet and financial strength for University of Toledo Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, University of Toledo Federal Credit Union has increased its total deposits by $2.37 million, resulting in 4.39% 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 University of Toledo Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. University of Toledo Federal Credit Union has $63.9 million in assets with $7.47 million in equity, resulting in a capitalization level of 11.70%, which is excellent.

Institution Statistics

Overall
NCUA #16174
Year Chartered1964
Employees17
Primary Regulator
Assets and Liabilities
Assets$63.90 million
Loans$25.95 million
Deposits$56.46 million
Equity Capital$7.28 million
Loan Loss Allowance$192,000
Unbacked Noncurrent Loans$273,000
Real Estate Owned$0
Historic Data - December 2012
Assets$61.53 million
Equity Capital$7.30 million
Loan Loss Allowance$192,000
Unbacked Noncurrent Loans$273,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.56%
Return on Assets-0.02%
Return on Equity-0.18%
Interest Income$1.55 million
Rates
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University of Toledo Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Account
0.05%--Savings Account

University of Toledo Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Account

University of Toledo Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$1k-60 Month CD
1.10%$1k-48 Month CD
0.75%$1k-36 Month CD
0.50%$1k-24 Month CD
0.35%$1k-12 Month CD

University of Toledo Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$2k-60 Month IRA
1.10%$2k-48 Month IRA
0.75%$2k-36 Month IRA
0.50%$2k-24 Month IRA
0.35%$2k-12 Month IRA
Locations


University of Toledo Federal Credit Union Locations
Branch Office2801 W Bancroft St Student Union Building Room 3019 - Mail Stop 124Toledo, OH 43606-3328
Branch Office5248 Hill AveToledo, OH 436155868
Branch Office3000 Arlington Ave Dowling Hall, Room 20 - Mailstop 1080Toledo, OH 43614-2595