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Overview / Commentary
912-356-9225
527 Stephenson Ave, Ste 2
Savannah, GA 31405

Workmen's Circle Credit Union is headquartered in Savannah and is the 39th largest credit union in the state of Georgia. It is also the 2,101st largest credit union in the nation. It was established in 1988 and as of December of 2013, it had grown to 5 employees and 1,249 members. Workmen's Circle Credit Union's money market rates are 93% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Chatham County, Georgia with one exception. You may not qualify if you are eligible for membership at another occupational credit union within Chatham County. Refer to the credit union's membership page for the full details. - See Details

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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. Workmen's Circle 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 Workmen's Circle Credit Union had $0 in non-current loans and owned real-estate with $9.71 million in equity and loan loss allowances on hand to cover it. This gives Workmen's Circle Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A

In the past year, Workmen's Circle Credit Union has increased its total deposits by $2.23 million, resulting in 4.79% 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 Workmen's Circle 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. Workmen's Circle Credit Union has $58.02 million in assets with $9.71 million in equity, resulting in a capitalization level of 16.73%, which is excellent.

Institution Statistics

Overall
NCUA #67892
Year Chartered1988
Employees5
Primary Regulator
Assets and Liabilities
Assets$58.02 million
Loans$41.58 million
Deposits$48.82 million
Equity Capital$9.19 million
Loan Loss Allowance$518,000
Real Estate Owned$0
Historic Data - December 2012
Assets$53.27 million
Equity Capital$6.40 million
Loan Loss Allowance$1.85 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.59%
Return on Assets4.81%
Return on Equity30.35%
Interest Income$2.21 million
Rates
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Workmen's Circle Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$2,500-Regular IRA Savings Account
0.55%$2,500-Roth IRA Savings Account
0.55%$2,500-CESA Savings Account
0.40%$2,500-Regular Share Savings Account
0.40%$2,500-Business Share Savings Account

Workmen's Circle Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.85%$500k-Share Money Market
0.85%$500k-IRA Money Market
0.85%$500k-Business Share Money Market
0.85%$500k-Roth IRA Money Market
0.85%$500k-CESA Money Market

Workmen's Circle Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$5k-24 Month Share Certificate (Min. Deposit of $5K)
0.85%$5k-24 Month Business Share Certificate (Min. Deposit of $5K)
0.75%$5k-12 Month Share Certificate (Min. Deposit of $5K)
0.75%$5k-15 Month Share Certificate (Min. Deposit of $5K)
0.75%$5k-12 Month Business Share Certificate (Min. Deposit of $5K)
0.75%$5k-15 Month Business Share Certificate (Min. Deposit of $5K)
0.60%$1k-24 Month Business Share Certificate (Min. Deposit of $1K)
0.60%$1k-24 Month Share Certificate (Min. Deposit of $1K)
0.50%$5k-6 Month Share Certificate (Min. Deposit of $5K)
0.50%$5k-6 Month Business Share Certificate (Min. Deposit of $5K)
0.50%$1k-12 Month Share Certificate (Min. Deposit of $1K)
0.50%$1k-15 Month Business Share Certificate (Min. Deposit of $1K)
0.50%$1k-12 Month Business Share Certificate (Min. Deposit of $1K)
0.50%$1k-15 Month Share Certificate (Min. Deposit of $1K)
0.25%$1k-6 Month Share Certificate (Min. Deposit of $1K)
0.25%$1k-6 Month Business Share Certificate (Min. Deposit of $1K)

Workmen's Circle Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$5k-24 Month IRA Certificate (Min. Deposit of $5K) (Traditional,Roth,CESA)
0.75%$5k-12 Month IRA Certificate (Min. Deposit of $5K) (Traditional,Roth,CESA)
0.75%$5k-15 Month IRA Certificate (Min. Deposit of $5K) (Traditional,Roth,CESA)
0.60%$1k-24 Month IRA Certificate (Min. Deposit of $1K) (Traditional,Roth,CESA)
0.50%$5k-6 Month IRA Certificate (Min. Deposit of $5K) (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA Certificate (Min. Deposit of $1K) (Traditional,Roth,CESA)
0.50%$1k-15 Month IRA Certificate (Min. Deposit of $1K) (Traditional,Roth,CESA)
0.25%$1k-6 Month IRA Certificate (Min. Deposit of $1K) (Traditional,Roth,CESA)
Locations


Workmen's Circle Credit Union Locations
Branch Office527 Stephenson Ave Ste 2Savannah, GA 31405-5922