Overview / Commentary
Clarity Credit Union is headquartered in Meridian and is the 17th largest credit union in the state of Idaho. It is also the 1,781st largest credit union in the nation. It was established in 1948 and as of September of 2019, it had grown to 42 employees and 14,893 members at 7 locations. Clarity Credit Union's CD rates are 96% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Clarity Credit Union is open to those who live, work, worship, or go to school in Ada, Boise, Canyon, Gem, Payette or Valley counties in Idaho. Immediate family of current credit union members are also eligible to join.
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Clarity Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68295 |
| Year Chartered | 1948 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 11.73% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $84.3MM$78.8MM |
| Loans | Q3 2019vs Q3 2018 | $52.9MM$48.8MM |
| Deposits | Q3 2019vs Q3 2018 | $76.1MM$69.9MM |
| Equity Capital | Q3 2019vs Q3 2018 | $7.1MM$6.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $660.00K$810.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $278.00K$310.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |