California State & Federal Employees Credit Union has been recognized as one of the 200 Healthiest Credit Unions in the nation. As determined by DepositAccounts.com, California State & Federal Employees Credit Union ranks #117 out of 6,003 credit unions nationwide.
Each year DepositAccounts.com, the largest online publication in the U.S. dedicated to banking information for consumers, evaluates the financial health of every federally insured credit union in the U.S. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.
From the list of 6,003 credit unions, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2016 edition of the Top 200 Healthiest Credit Unions in America.
Let’s take a look at the California State & Federal Employees Credit Union score components:
TEXAS RATIO: A+
The Texas Ratio is an indicator of how much capital a credit union or bank has available compared to the total value of loans considered at risk. As of March 31, 2016 California State & Federal Employees Credit Union had $111,000 in non-current (Delinquent) loans and owned real-estate with $18.5 million in equity and loan loss allowances on hand to cover it. This gives California State & Federal Employees Credit Union a Texas Ratio of 0.60%, which is Excellent! Any bank or credit union with a Texas Ratio near or greater than 100% is considered at risk.
TEXAS RATIO TREND: C+
The Texas Ratio for California State & Federal Employees Credit Union experienced no significant changes from 0.30% as of March 31, 2015 to 0.60% as of March 31, 2016, resulting in a negative change of 102.30%. This indicates that the balance sheet and financial strength for California State & Federal Employees Credit Union has had no significant changes in recent periods.
DEPOSIT GROWTH: B+
In the past year, California State & Federal Employees Credit Union has increased its total deposits by $2.52 million, resulting in 2.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the credit union or bank’s ability to strengthen its balance sheet. The growth of California State & Federal Employees Credit Union has shown is above average.
CAPITALIZATION: A+
Both FDIC and NCUA consider capitalization levels of credit unions and banks to be of high importance. Higher capitalization allows for a greater buffer to cover loans that may fail in the future. California State & Federal Employees Credit Union has $128.31 million in assets with $18.5 million in equity, resulting in a capitalization level of 14.42%, which is Excellent!
