Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Aberdeen Proving Ground Credit Union

Overview / Commentary
410-272-4000
P.O. Box 1176
Aberdeen, MD 21001

Aberdeen Proving Ground Credit Union is headquartered in Aberdeen and is the 7th largest credit union in the state of Maryland. It is also the 216st largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 278 employees and 104,325 members. Aberdeen Proving Ground Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

If you live, work, worship, go to school, volunteer in, or are an immediate family member of anyone in Harford or Cecil County or certain areas in Middle River, Maryland then you are eligible to join! Please see bank site for more details. - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Aberdeen Proving Ground Credit Union had $6.88 million in non-current loans and owned real-estate with $88.91 million in equity and loan loss allowances on hand to cover it. This gives Aberdeen Proving Ground Credit Union a Texas Ratio of 7.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Aberdeen Proving Ground Credit Union experienced no significant changes from 8.50% as of December 31, 2012 to 7.74% as of December 31, 2013, resulting in a positive change of 8.92%.This indicates that the balance sheet and financial strength for Aberdeen Proving Ground Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Aberdeen Proving Ground Credit Union has increased its total deposits by $40.09 million, resulting in 4.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Aberdeen Proving Ground Credit Union has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Aberdeen Proving Ground Credit Union has $978.34 million in assets with $88.91 million in equity, resulting in a capitalization level of 9.09%, which is average.

Institution Statistics

Overall
NCUA #2540
Year Chartered1938
Employees278
Primary Regulator
Assets and Liabilities
Assets$978.34 million
Loans$719.98 million
Deposits$880.77 million
Equity Capital$82.56 million
Loan Loss Allowance$6.35 million
Unbacked Noncurrent Loans$6.78 million
Real Estate Owned$105,000
Historic Data - December 2012
Assets$935.60 million
Equity Capital$72.33 million
Loan Loss Allowance$5.51 million
Unbacked Noncurrent Loans$6.78 million
Real Estate Owned$607,000
Profit Margin - Quarterly
Net Interest Margin4.44%
Return on Assets0.42%
Return on Equity4.95%
Interest Income$37.32 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Aberdeen Proving Ground Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Aberdeen Proving Ground Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.15%-$10kEducator Rewards Summer Savings
0.15%--Regular Shares

Aberdeen Proving Ground Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Tiered Money Market
0.25%$25k-Tiered Money Market IRA
0.25%$25k-Tiered Money Market SEP IRA
0.25%$25k-Tiered Money Market Roth IRA
0.25%$25k-Tiered Money Market CESA

Aberdeen Proving Ground Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Checking Account

Aberdeen Proving Ground Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$25k-84 Month Super CD
1.40%$100-84 Month Gold Member Rewards CD
1.28%$100-84 Month Silver Member Rewards CD
1.15%$100-84 Month CD
1.15%$100-60 to 83 Month Gold Member Rewards CD
1.15%$25k-60 to 83 Month Super CD
1.15%$100-84 Month Youth CD
1.03%$100-60 to 83 Month Silver Member Rewards CD
0.90%$100-60 to 83 Month CD
0.90%$100-48 to 59 Month Gold Member Rewards CD
0.90%$25k-48 to 59 Month Super CD
0.90%$100-60 to 83 Month Youth CD
0.80%$25k-30 to 47 Month Super CD
0.78%$100-48 to 59 Month Silver Member Rewards CD
0.75%$25k-24 to 29 Month Super CD
0.65%$100-48 to 59 Month CD
0.65%$100-36 Month My Times CD
0.65%$100-48 to 59 Month Youth CD
0.60%$100-45 Month Step-Up CD
0.55%$100-30 to 47 Month CD
0.55%$100-30 to 47 Month Youth CD
0.50%$100-24 to 29 Month CD
0.50%$100-24 to 29 Month Youth CD
0.45%$100-25 Month Step-Up CD
0.45%$100-18 to 23 Month CD
0.45%$100-18 to 23 Month Youth CD
0.45%$100-12 Month My Times CD
0.25%$50k-12 Month Jumbo CD
0.25%$100-12 to 17 Month CD
0.25%$100-12 to 17 Month Youth CD
0.20%$100-6 to 11 Month CD
0.20%$50k-6 to 11 Month Jumbo CD
0.20%$100-6 to 11 Month Youth CD
0.10%$50k-3 to 5 Months Jumbo CD

Aberdeen Proving Ground Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$25k-84 Month Super IRA (Traditional,Roth,SEP)
1.40%$100-84 Month Gold Member Rewards IRA (Traditional,Roth,CESA,SEP)
1.28%$100-84 Month Silver Member Rewards IRA (Traditional,Roth,CESA,SEP)
1.15%$100-60 to 83 Month Gold Member Rewards IRA (Traditional,Roth,CESA,SEP)
1.15%$25k-60 to 83 Month Super IRA (Traditional,Roth,SEP)
1.15%$100-84 Month IRA (Traditional,Roth,CESA,SEP)
1.03%$100-60 to 83 Month Silver Member Rewards IRA (Traditional,Roth,CESA,SEP)
0.90%$100-48 to 59 Month Gold Member Rewards IRA (Traditional,Roth,CESA,SEP)
0.90%$25k-48 to 59 Month Super IRA (Traditional,Roth,SEP)
0.90%$100-60 to 83 Month IRA (Traditional,Roth,CESA,SEP)
0.80%$25k-30 to 47 Month Super IRA (Traditional,Roth,SEP)
0.78%$100-48 to 59 Month Silver Member Rewards IRA (Traditional,Roth,CESA,SEP)
0.75%$25k-24 to 29 Month Super IRA (Traditional,Roth,SEP)
0.65%$100-36 Month My Times IRA (Traditional,Roth,CESA,SEP)
0.65%$100-48 to 59 Month IRA (Traditional,Roth,CESA,SEP)
0.60%$100-45 Month Step-Up IRA (Traditional,Roth,CESA,SEP)
0.55%$100-30 to 47 Month IRA (Traditional,Roth,CESA,SEP)
0.50%$100-24 to 29 Month IRA (Traditional,Roth,CESA,SEP)
0.45%$100-18 to 23 Month IRA (Traditional,Roth,CESA,SEP)
0.45%$100-25 Month Step-Up IRA (Traditional,Roth,CESA,SEP)
0.45%$100-12 Month My Times IRA (Traditional,CESA,Roth,SEP)
0.25%$50k-12 Month Jumbo IRA (Traditional,Roth,CESA,SEP)
0.25%$100-12 to 17 Month IRA (Traditional,Roth,CESA,SEP)
0.20%$100-6 to 11 Month IRA (Traditional,Roth,CESA,SEP)
0.20%$50k-6 to 11 Month Jumbo IRA (Traditional,Roth,CESA,SEP)
0.10%$50k-3 to 5 Months Jumbo IRA (Traditional,Roth,CESA,SEP)
Locations

Aberdeen Proving Ground Credit Union has 11 locations. Click to view all Aberdeen Proving Ground Credit Union locations.