Ventura County Credit Union is headquartered in Ventura and is the 58th largest credit union in the state of California. It is also the 334th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 133 employees and 64,121 members. Ventura County Credit Union has a B+ health rating.
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Ventura County Credit Union had $793,000 in non-current loans and owned real-estate with $60.94 million in equity and loan loss allowances on hand to cover it. This gives Ventura County Credit Union a Texas Ratio of 1.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Ventura County Credit Union experienced no significant changes from 1.35% as of March 31, 2013 to 1.30% as of March 31, 2014, resulting in a positive change of 3.91%.This indicates that the balance sheet and financial strength for Ventura County Credit Union has had no significant changes in recent periods.
In the past year, Ventura County Credit Union has increased its total deposits by $14.93 million, resulting in 2.49% 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 Ventura County Credit Union has shown is above average.
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. Ventura County Credit Union has $677.47 million in assets with $60.94 million in equity, resulting in a capitalization level of 8.99%, which is average.
|Assets and Liabilities|
|Equity Capital||$58.79 million|
|Loan Loss Allowance||$2.14 million|
|Unbacked Noncurrent Loans||$793,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$54.42 million|
|Loan Loss Allowance||$3.25 million|
|Unbacked Noncurrent Loans||$793,000|
|Real Estate Owned||$264,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.15%|
|Return on Assets||0.56%|
|Return on Equity||6.42%|
|Interest Income||$4.98 million|
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|0.30%||-||-||Get Fit Savings Plan Account|
|0.30%||-||$1k||Get Fit IRA Savings Account|
|0.25%||$1k||-||Coverdell Education Savings|
|0.20%||$25||-||Holiday Club Account|
|0.05%||$25||-||Business Share Account|
|0.25%||$100k||-||Money Market Access|
|0.25%||$100k||-||Business Money Market Access|
|1.15%||$1k||-||60 Month CD|
|0.95%||$1k||-||48 Month CD|
|0.80%||$1k||-||36 Month CD|
|0.55%||$1k||-||24 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.50%||$500||-||6 Month Get Fit Basic CD|
|0.50%||$2,500||-||6 Month Get Fit Plus CD|
|0.45%||$5k||-||24 Month Jump-Up CD|
|0.40%||$5k||-||18 Month Jump-Up CD|
|0.25%||$1k||-||6 Month CD|
|0.15%||$10k||-||3 Month CD|
|1.15%||$1k||-||5 Year IRA|
|0.95%||$1k||-||4 Year IRA|
|0.80%||$1k||-||3 Year IRA|
|0.65%||$1k||-||1 Year Get Fit IRA|
|0.55%||$1k||-||2 Year IRA|
|0.50%||$1k||-||1 Year IRA|
|0.45%||$1k||-||24 Month Jump Up IRA|
|0.40%||$1k||-||18 Month Jump Up IRA|
|Ventura County Credit Union Locations|
|Branch Office||2160 N Rose Ave||Oxnard, CA 93036-5058|
|Branch Office||711 E Daily Dr Ste 100||Camarillo, CA 93010-6081|
|Branch Office||18 W Thousand Oaks Blvd||Thousand Oaks, CA 91360-4458|
|Branch Office||2680 Tapo Canyon Rd||Simi Valley, CA 93063-2308|
|Branch Office||6026 Telephone Rd||Ventura, CA 93003-5332|