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Wakarusa Valley Credit Union

Wakarusa Valley Credit Union
Overview / Commentary
2721 W 6th St Ste B
Lawrence, KS 66049-4302

Wakarusa Valley Credit Union is headquartered in Lawrence and is the 72nd largest credit union in the state of Kansas. It is also the 5,544th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 1 employees and 634 members. Wakarusa Valley Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Wakarusa Valley Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Wakarusa Valley Credit Union had $71,000 in non-current loans and owned real-estate with $512,000 in equity and loan loss allowances on hand to cover it. This gives Wakarusa Valley Credit Union a Texas Ratio of 13.87% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Wakarusa Valley Credit Union decreased slightly from 18.40% as of March 31, 2013 to 13.87% as of March 31, 2014, resulting in a positive change of 24.62%.This indicates that the balance sheet and financial strength for Wakarusa Valley Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Wakarusa Valley Credit Union has increased its total deposits by $108,000, resulting in 3.5% 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 Wakarusa Valley 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. Wakarusa Valley Credit Union has $3.64 million in assets with $512,000 in equity, resulting in a capitalization level of 14.05%, which is excellent.

Institution Statistics

Overall
NCUA #62840
Year Chartered1956
Employees1
Primary Regulator
Assets and Liabilities
Assets$3.64 million
Loans$1.99 million
Deposits$3.20 million
Equity Capital$441,000
Loan Loss Allowance$71,000
Unbacked Noncurrent Loans$71,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.53 million
Equity Capital$430,000
Loan Loss Allowance$81,000
Unbacked Noncurrent Loans$71,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.65%
Return on Assets0.22%
Return on Equity1.81%
Interest Income$36,000
Rates

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Locations


Wakarusa Valley Credit Union Locations
Branch Office2721 W 6th St Ste BLawrence, KS 66049-4302