Buffalo Metropolitan Credit Union

Buffalo Metropolitan Credit Union is headquartered in Buffalo and is the 76^th largest credit union in the state of New York. It is also the 1,702^nd largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 36 employees and 15,798 members. Buffalo Metropolitan Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Buffalo Metropolitan Credit Union Savings Account Rates

Buffalo Metropolitan Credit Union Money Market Rates

Buffalo Metropolitan Credit Union CD Rates

Data for Q4 2011

Institution Statistics BUFFALO METROPOLITAN NCUA # 2209 BankRate Report View Year Chartered 1937 Employees 36 Primary Regulator Assets and Liabilities Assets $76.66 million Loans $60.35 million Deposits $68.09 million Equity Capital $8.19 million Loan Loss Allowance $450,000 Unbacked Noncurrent Loans $1.11 million Real Estate Owned $19,000 Historic Data - December 2010 Assets $71.54 million Equity Capital $7.90 million Loan Loss Allowance $440,000 Unbacked Noncurrent Loans $757,000 Profit Margin - Quarterly Net Interest Margin 5.88% Return on Assets 0.37% Return on Equity 3.46% Interest Income $4.09 million Non-Interest Income $1.33 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Buffalo Metropolitan Credit Union had $1.13 million in non-current loans and owned real-estate with $8.64 million in equity and loan loss allowances on hand to cover it. This gives Buffalo Metropolitan Credit Union a Texas Ratio of 13.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Buffalo Metropolitan Credit Union held steady from 9.07% as of December 31, 2010 to 13.08% as of December 31, 2011, resulting in a negative change of 44.19%. This indicates that the balance sheet and financial strength for Buffalo Metropolitan Credit Union has held steady in recent periods. Deposit Growth In the past year, Buffalo Metropolitan Credit Union has increased its total deposits by $4.89 million, resulting in 7.74% 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 Buffalo Metropolitan Credit Union has shown is excellent. Capitalization 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. Buffalo Metropolitan Credit Union has $76.66 million in assets with $8.64 million in equity, resulting in a capitalization level of 11.27%, which is above average.

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