Net worth measures how much total assets exceed total liabilities.
In net worth and $30,882 in loans loss reserves.įreedom 1st FCU has a net worth of 13.82% versus the BestCashCow average of 12.28. To cover these potential losses it had $5,752,114 The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union hasįreedom 1st had $64,157 in non-current loans and $4,433 in owned assets. With the amount a credit union has on hand to cover any losses. The Texas Ratio compares the amount of loans at risk and assets repossessed
The following ratios and data are available to help you better understand the financial condition of Freedom 1st.Īll credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured.ĭepositors should be careful to remain within NCUA insurance limits. Prime Rate as of = 4.75% (Wall Street Journal).Published rates and terms based on primary homes. The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, and (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. No closing costs on new HELOCs up to $500,000. Hazard insurance is required on all loans secured by real property flood insurance may also be required. All offers of credit are subject to credit approval applicants may be offered credit at higher rates and other terms. Home Equity rates and terms are subject to change without notice. I have been a member of Freedom Credit Union for approximately 30 years. Featured - New York Home Equity Line Of Credit Rates 2022 Lender
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