First Community Cu Of Beloit Credit Union

FIRST COMMUNITY CU OF BELOIT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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First Community Cu Of Beloit Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Community Cu Of Beloit. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, First Community Cu Of Beloit had $1,619,931 in non-current loans and $194,092 in owned assets. To cover these potential losses it had $36,557,931 in net worth and $562,567 in loans loss reserves. That gives it a Texas Ratio of 4.89%.

Net Worth

First Community Cu Of Beloit FCU has a net worth of 11.46% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.