Institution Statistics
| WORCESTER | | NCUA # | 64144 | | BankRate Report | View | | Year Chartered | 1976 | | Employees | 24 | | Primary Regulator | |
Assets and Liabilities | | Assets | $81.10 million | | Loans | $46.44 million | | Deposits | $70.97 million | | Equity Capital | $7.67 million | | Loan Loss Allowance | $160,000 | | Unbacked Noncurrent Loans | $850,000 | | Real Estate Owned | $88,000 |
Historic Data - December 2010 | | Assets | $81.50 million | | Equity Capital | $7.71 million | | Loan Loss Allowance | $265,000 | | Unbacked Noncurrent Loans | $629,000 |
Profit Margin - Quarterly | | Net Interest Margin | 4.98% | | Return on Assets | -0.07% | | Return on Equity | -0.72% | | Interest Income | $3.10 million | | Non-Interest Income | $870,000 |
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Institution Health
Overall Score:
3 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 Worcester Credit Union had $938,000 in non-current loans and owned real-estate with $7.83 million in equity and loan loss allowances on hand to cover it. This gives Worcester Credit Union a Texas Ratio of 11.98% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Worcester Credit Union held steady from 7.89% as of December 31, 2010 to 11.98% as of December 31, 2011, resulting in a negative change of 51.91%. This indicates that the balance sheet and financial strength for Worcester Credit Union has held steady in recent periods. | | Deposit Growth |  | | In the past year, Worcester Credit Union has decreased its total deposits by $-720,000, resulting in -1% 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 Worcester Credit Union has shown is below 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. Worcester Credit Union has $81.1 million in assets with $7.83 million in equity, resulting in a capitalization level of 9.65%, which is average. |
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