Wymar Credit Union

Wymar Credit Union Locations
PO Box 457
Geismar, LA 70734
www.wymarfcu.com

Wymar Credit Union is headquartered in Geismar and is the 32nd largest credit union in the state of Louisiana. It is also the 1,835th largest credit union in the nation. It was established in 1958 and as of December of 2011, it had grown to 9 employees and 3,827 members. Wymar Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.



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See Rates for: Checking | Savings | CD | IRA

Wymar Credit Union Checking Account Rates

ApyMinMaxProduct
0.50%--Share Drafts

Wymar Credit Union Savings Account Rates

ApyMinMaxProduct
1.75%$25k-IRA Shares
1.75%$25k-Roth IRA Shares
1.75%$25k-CESA Shares
1.00%$25k-Regular Shares
0.50%--Christmas Club

Wymar Credit Union CD Rates

ApyMinMaxProduct
2.53%$75k$100k24 Month Regular CD
2.53%$75k$100k36 Month Regular CD
2.53%$75k$100k48 Month Regular CD
2.53%$75k$100k60 Month Regular CD
1.46%$75k$100k3 Month Regular CD
1.46%$75k$100k6 Month Regular CD
1.46%$75k$100k12 Month Regular CD

Wymar Credit Union IRA Rates

ApyMinMaxProduct
2.78%$75k$100k24 Month Regular IRA
2.78%$75k$100k36 Month Regular IRA
2.78%$75k$100k48 Month Regular IRA
2.78%$75k$100k60 Month Regular IRA
2.78%$75k$100k24 Month Roth IRA
2.78%$75k$100k36 Month Roth IRA
2.78%$75k$100k48 Month Roth IRA
2.78%$75k$100k60 Month Roth IRA
2.78%$75k$100k24 Month CESA
2.78%$75k$100k36 Month CESA
2.78%$75k$100k48 Month CESA
2.78%$75k$100k60 Month CESA
1.71%$75k$100k3 Month Regular IRA
1.71%$75k$100k6 Month Regular IRA
1.71%$75k$100k12 Month Regular IRA
1.71%$75k$100k3 Month Roth IRA
1.71%$75k$100k6 Month Roth IRA
1.71%$75k$100k12 Month Roth IRA
1.71%$75k$100k3 Month CESA
1.71%$75k$100k6 Month CESA
1.71%$75k$100k12 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


WYMAR
NCUA #12330
BankRate ReportView
Year Chartered1958
Employees9
Primary Regulator

Assets and Liabilities

Assets$68.74 million
Loans$44.83 million
Deposits$59.14 million
Equity Capital$9.46 million
Loan Loss Allowance$142,000
Unbacked Noncurrent Loans$560,000

Historic Data - December 2010

Assets$62.99 million
Equity Capital$8.62 million
Loan Loss Allowance$151,000
Unbacked Noncurrent Loans$538,000

Profit Margin - Quarterly

Net Interest Margin3.83%
Return on Assets1.27%
Return on Equity9.23%
Interest Income$2.82 million
Non-Interest Income$384,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Wymar Credit Union had $560,000 in non-current loans and owned real-estate with $9.6 million in equity and loan loss allowances on hand to cover it. This gives Wymar Credit Union a Texas Ratio of 5.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Wymar Credit Union held steady from 6.13% as of December 31, 2010 to 5.83% as of December 31, 2011, resulting in a positive change of 4.89%.This indicates that the balance sheet and financial strength for Wymar Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Wymar Credit Union has increased its total deposits by $5.14 million, resulting in 9.52% 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 Wymar Credit Union has shown is excellent.
Capitalization5
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. Wymar Credit Union has $68.74 million in assets with $9.6 million in equity, resulting in a capitalization level of 13.96%, which is excellent.
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