Overview of Mountain Laurel Federal Credit Union

First chartered in 1970, Mountain Laurel Federal Credit Union is one of 344 credit unions that are based in the state of Pennsylvania. Credit unions operating in Pennsylvania have a total of $67 billion of assets and 4.6 million members. Overall, the state is the 8th most popular state in the country for credit unions. The National Credit Union Administration (NCUA) insures deposits at credit unions in addition to regulating and supervising them. The NCUA was formed by the U.S. Congress in 1970. The company has a total of 7 branches and employs a total of 38 employees.

Overview of the Credit Union’s Assets and Liabilities

The credit union has total assets of $149 million. It has a deposit base of $129 million which works out to $6,458 of deposits per member compared with the state-wide average of $12,776 and national average of $13,595. Mountain Laurel Federal Credit Union also has net loans outstanding of $74 million. The credit union also has a loan to deposit ratio of 57% which is lower than the average credit union of similar size. The loan to deposit ratio is a good way to assess how liquid a bank or credit union’s balance sheet is. Moving on to the credit union’s loan portfolio, it mainly consists of the following: auto loans make up 53% of the portfolio and there is a total of $39 million outstanding and mortgages and lines of credit comprises 26% of the loan book and there is a total of $19 million outstanding.

Contact and Other Helpful Information

  • Main Office Address: 413 S Michael St, Po Box 193, Saint Marys, PA 15857
  • Website: http://www.mlfcu.net
  • Phone: (814) 834-9518
  • Charter Number: 20053
  • Charter Year: 1970
  • Employees: 38
  • Routing Number: 231385798
  • Membership: Mountain Laurel Federal Credit Union has a membership base of 19,948 which is significantly larger than the average credit union operating in the state of Pennsylvania. The average credit union in the state has 13,230 members. Over the past three years, the credit union’s total base of members has declined by 5%.

Mountain Laurel Federal Credit Union: Financial Overview

mountain laurel federal credit union-balance-sheet-metrics

As shown in the above chart, Mountain Laurel Federal Credit Union’s assets have increased by 11.4% over the past year, while its auto loans – which is its largest category of lending – have fallen by 1.2% over the past year. Furthermore, the company’s deposits have increased by 12.5% while its total loans have declined by 2.4%. The net worth of a credit union provides us with an idea of how the credit union has performed over the years. It is the total value that the credit union has created for its members since inception. Mountain Laurel Federal Credit Union has a total net worth of $19 million. This implies that the credit union has a net worth per member of $976 which is below the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

mountain laurel federal credit union-selected-performance-metrics

In the above chart we have displayed three statistics that are important in evaluating a credit union’s performance and shown how Mountain Laurel Federal Credit Union compares on these metrics, in addition to detailing how the credit union performed on each metric in the prior year. Beginning with Mountain Laurel Federal Credit Union’s return on assets (aka ROA), on this statistic the credit union performs above the average comparable credit union. When we look at the year over year trends, we can see that ROA has declined given the 0.10% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. The delinquency rate is a measure of what percentage of an entity’s loan book has fallen past due i.e. is delinquent. All else equal, a higher rate implies a worse performing loan portfolio. In the case of Mountain Laurel Federal Credit Union its delinquency rate is below its peers and over the past 12 months the credit union’s delinquency rate has improved. The net worth ratio for the credit union is 13.1% and has declined compared with the prior year figure of 13.7%. The credit union is also well above its peer group average of 9.7% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.

Conclusion

Ultimately, after considering all of the relevant factors we rate Mountain Laurel Federal Credit Union 2.9 out of 5.0, which is above average. Finally, please note that the rating information presented is based on our proprietary scoring system. None of the work presented is intended to be investment advice or advice of any sort and is presented purely for informational purposes.