Institution Statistics
| WALLINGFORD MUNICIPAL | | NCUA # | 14682 | | BankRate Report | View | | Year Chartered | 1961 | | Employees | 4 | | Primary Regulator | |
Assets and Liabilities | | Assets | $15.41 million | | Loans | $3.49 million | | Deposits | $13.91 million | | Equity Capital | $1.45 million | | Loan Loss Allowance | $94,000 | | Unbacked Noncurrent Loans | $113,000 |
Historic Data - December 2010 | | Assets | $14.84 million | | Equity Capital | $1.59 million | | Loan Loss Allowance | $79,000 | | Unbacked Noncurrent Loans | $11,000 |
Profit Margin - Quarterly | | Net Interest Margin | 8.27% | | Return on Assets | -0.91% | | Return on Equity | -9.72% | | Interest Income | $431,000 | | Non-Interest Income | $55,000 |
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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 Wallingford Municipal Credit Union had $113,000 in non-current loans and owned real-estate with $1.54 million in equity and loan loss allowances on hand to cover it. This gives Wallingford Municipal Credit Union a Texas Ratio of 7.31% 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 Wallingford Municipal Credit Union increased slightly from 0.66% as of December 31, 2010 to 7.31% as of December 31, 2011, resulting in a negative change of 1,011.72%. This indicates that the balance sheet and financial strength for Wallingford Municipal Credit Union has declined slightly in recent periods. | | Deposit Growth | | | In the past year, Wallingford Municipal Credit Union has increased its total deposits by $698,000, resulting in 5.28% 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 Wallingford Municipal Credit Union 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. Wallingford Municipal Credit Union has $15.41 million in assets with $1.54 million in equity, resulting in a capitalization level of 10.02%, which is above average. |
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