Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
P.O. Box 5047
York, PA 17405

Wilmac Employees' Credit Union is headquartered in York and is the 373rd largest credit union in the state of Pennsylvania. It is also the 5,745th largest credit union in the nation. It was established in 1976 and as of March of 2014, it had grown to 1 employees and 826 members. Wilmac Employees' Credit Union has a C+ health rating.

Reviews (1)

Wilmac Worst Bank Ever,.,,,

This bank stinks!!!



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. Wilmac Employees' Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Wilmac Employees' Credit Union had $13,000 in non-current loans and owned real-estate with $541,000 in equity and loan loss allowances on hand to cover it. This gives Wilmac Employees' Credit Union a Texas Ratio of 2.40% 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 Wilmac Employees' Credit Union experienced no significant changes from 1.97% as of March 31, 2013 to 2.40% as of March 31, 2014, resulting in a negative change of 21.83%. This indicates that the balance sheet and financial strength for Wilmac Employees' Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Wilmac Employees' Credit Union has decreased its total deposits by -$1 million, resulting in -30.72% 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 Wilmac Employees' Credit Union has shown is poor.

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. Wilmac Employees' Credit Union has $2.73 million in assets with $541,000 in equity, resulting in a capitalization level of 19.84%, which is excellent.

Institution Statistics

Overall
NCUA #64235
Year Chartered1976
Employees1
Primary Regulator
Assets and Liabilities
Assets$2.73 million
Loans$1.17 million
Deposits$2.26 million
Equity Capital$532,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.76 million
Equity Capital$489,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$13,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.47%
Return on Equity7.52%
Interest Income$20,000
Rates

Sorry, we do not have rate data for Wilmac Employees' Credit Union

Locations


Wilmac Employees' Credit Union Locations
Branch Office209 N Beaver StYork, PA 17401