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Overview / Commentary
316-941-0600
9835 E. 21 St N
Wichita, KS 67206

Wichita Credit Union is headquartered in Wichita and is the 14st largest credit union in the state of Kansas. It is also the 1,715st largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 34 employees and 9,076 members. Wichita Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Sedgwick County, Kansas. - See Details

Reviews (1)

WICHITAFCU

WOULD NOT RECOMMEND THIS CREDIT UNION, LOOK ELSEWHERE.



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. Wichita 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 Wichita Credit Union had $970,000 in non-current loans and owned real-estate with $15.01 million in equity and loan loss allowances on hand to cover it. This gives Wichita Credit Union a Texas Ratio of 6.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Wichita Credit Union experienced no significant changes from 5.97% as of December 31, 2012 to 6.46% as of December 31, 2013, resulting in a negative change of 8.28%. This indicates that the balance sheet and financial strength for Wichita Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Wichita Credit Union has increased its total deposits by $3.4 million, resulting in 5.36% 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 Wichita 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. Wichita Credit Union has $80.87 million in assets with $15.01 million in equity, resulting in a capitalization level of 18.57%, which is excellent.

Institution Statistics

Overall
NCUA #3907
Year Chartered1940
Employees34
Primary Regulator
Assets and Liabilities
Assets$80.87 million
Loans$60.29 million
Deposits$66.74 million
Equity Capital$13.61 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$970,000
Real Estate Owned$0
Historic Data - December 2012
Assets$77.10 million
Equity Capital$13.06 million
Loan Loss Allowance$1.25 million
Unbacked Noncurrent Loans$970,000
Real Estate Owned$96,000
Profit Margin - Quarterly
Net Interest Margin6.4%
Return on Assets0.69%
Return on Equity4.07%
Interest Income$4.59 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Wichita Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Wichita Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Christmas Club
0.25%--Savings
0.25%--IRA Savings
0.25%--Roth IRA Savings
0.25%--CESA

Wichita Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-Money Market Account

Wichita Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$5k-Checking

Wichita Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.80%$500-5 Year CD
1.45%$500-4 Year CD
1.25%$500-3 Year CD
1.10%$500-2 Year CD
0.60%$500-1 Year CD
0.40%$500-6 Month CD
0.40%$100-6 Month Youth CD
0.30%$500-3 Month CD

Wichita Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.80%$500-5 Year IRA (Traditional,Roth,CESA)
1.45%$500-4 Year IRA (Traditional,Roth,CESA)
1.25%$500-3 Year IRA (Traditional,Roth,CESA)
1.10%$500-2 Year IRA (Traditional,Roth,CESA)
0.60%$500-1 Year IRA (Traditional,Roth,CESA)
0.40%$500-6 Month IRA (Traditional,Roth,CESA)
0.30%$500-3 Month IRA (Traditional,Roth,CESA)
Locations


Wichita Credit Union Locations
Branch Office3730 W 13th St NWichita, KS 67203-4402
Branch Office455 N Main St Ste 410Wichita, KS 67202-1618