Institution Statistics
| W S S C | | NCUA # | 16268 | | BankRate Report | View | | Year Chartered | 1964 | | Employees | 8 | | Primary Regulator | |
Assets and Liabilities | | Assets | $20.15 million | | Loans | $10.23 million | | Deposits | $17.33 million | | Equity Capital | $2.76 million | | Loan Loss Allowance | $145,000 | | Unbacked Noncurrent Loans | $156,000 |
Historic Data - December 2010 | | Assets | $19.61 million | | Equity Capital | $2.69 million | | Loan Loss Allowance | $160,000 | | Unbacked Noncurrent Loans | $84,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.86% | | Return on Assets | 0.35% | | Return on Equity | 2.54% | | Interest Income | $924,000 | | Non-Interest Income | $103,000 |
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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 W S S C Credit Union had $156,000 in non-current loans and owned real-estate with $2.9 million in equity and loan loss allowances on hand to cover it. This gives W S S C Credit Union a Texas Ratio of 5.37% 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 W S S C Credit Union held steady from 2.95% as of December 31, 2010 to 5.37% as of December 31, 2011, resulting in a negative change of 82.20%. This indicates that the balance sheet and financial strength for W S S C Credit Union has held steady in recent periods. | | Deposit Growth |  | | In the past year, W S S C Credit Union has increased its total deposits by $465,000, resulting in 2.76% 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 W S S C Credit Union has shown is above average. | | 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. W S S C Credit Union has $20.14 million in assets with $2.9 million in equity, resulting in a capitalization level of 14.42%, which is excellent. |
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