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American Broadcast Employees Credit Union

Overview / Commentary
516-763-7505
7 Front St
Rockville Centr, NY 11570

American Broadcast Employees Credit Union is headquartered in Rockville Centre and is the 69th largest credit union in the state of New York. It is also the 1,447th largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 29 employees and 9,795 members. American Broadcast Employees Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Employees of The Walt Disney Company, and its subsidiaries are eligible for Credit Union membership. Family and household members of qualified members are also eligible. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 American Broadcast Employees Credit Union had $1 million in non-current loans and owned real-estate with $10.56 million in equity and loan loss allowances on hand to cover it. This gives American Broadcast Employees Credit Union a Texas Ratio of 9.49% 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 American Broadcast Employees Credit Union experienced no significant changes from 8.36% as of March 31, 2013 to 9.49% as of March 31, 2014, resulting in a negative change of 13.55%. This indicates that the balance sheet and financial strength for American Broadcast Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, American Broadcast Employees Credit Union has increased its total deposits by $4.55 million, resulting in 4.96% 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 American Broadcast Employees Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. American Broadcast Employees Credit Union has $107.85 million in assets with $10.56 million in equity, resulting in a capitalization level of 9.80%, which is above average.

Institution Statistics

Overall
NCUA #18273
Year Chartered1967
Employees29
Primary Regulator
Assets and Liabilities
Assets$107.85 million
Loans$61.57 million
Deposits$96.32 million
Equity Capital$10.20 million
Loan Loss Allowance$366,000
Unbacked Noncurrent Loans$1.00 million
Real Estate Owned$0
Historic Data - March 2013
Assets$103.50 million
Equity Capital$10.11 million
Loan Loss Allowance$459,000
Unbacked Noncurrent Loans$1.00 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.17%
Return on Assets-0.17%
Return on Equity-1.84%
Interest Income$815,000
Rates

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

American Broadcast Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-IRA Savings
0.55%$100k-Roth IRA Savings
0.55%$100k-CESA Savings
0.20%$100k-Share Savings
0.10%--Holiday Club
0.10%--Vacation Club

American Broadcast Employees Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$250k-Money Market

American Broadcast Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Primetime Share Draft
0.05%$2k-Super Share Draft
0.05%$3k-Super Plus Share Draft -Linked

American Broadcast Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month Investment Certificate
0.65%$500-24 Month Investment Certificate
0.50%$500-12 Month Investment Certificate
0.50%$500-13 Month Add On Investment Certificate
0.50%$500-15 Month Bump Up Rate Investment Certificate
0.30%$500-6 Month Investment Certificate
0.20%$500-3 Month Investment Certificate

American Broadcast Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-60 Month IRA Certificate
0.65%$500-24 Month IRA Certificate
0.50%$500-12 Month IRA Certificate
0.50%$500-13 Month Add On IRA Certificate
0.50%$500-15 Month Bump Up Rate IRA Certificate
0.50%$500-15 Month Bump Up Rate CESA Certificate
0.30%$500-6 Month IRA Certificate
0.20%$500-3 Month IRA Certificate
Locations


American Broadcast Employees Credit Union Locations
Branch Office2300 Riverside DrBurbank, CA 91521
Branch Office2312 W Olive AveBurbank, CA 91506
Branch Office4151 Prospect AveLos Angeles, CA 90027
Branch Office125 W End AveNew York, NY 10023
Branch Office77 W 66th StNew York, NY 10023
Branch Office1717 DeSales St NWWashington, DC 20036
Branch Office680 Birch StBristol, CT 06010
Branch Office190 N State StChicago, IL 60601