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Overview / Commentary
614-224-8890
150 E Mound St
Columbus, OH 43215

CME Credit Union is headquartered in Columbus and is the 22nd largest credit union in the state of Ohio. It is also the 845th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 56 employees and 28,279 members. CME Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Franklin County. - See Details

Reviews (2)

2% On All Deposits

This Columbus, Ohio, credit union pays 2% on all checking and savings with a minimum 25 debit card transactions per month. The customer service is fine. The only drawback, and this is minor in my opinion, is the limited integration with Quicken personal finance software. CME doesn't export the name of the payee to Quicken. But it does export the proper amount of each transaction and the correct date, so that's good enough in return for 2% interest without a ceiling. CME's web site fully displays the payee and all information on the transactions, including handy little icons for some of the better-known merchants.

CME Credit Union Rate Drops To 0.50% From 1%

CME FCU in Columbus, Ohio, reduced a 1% EZ to Earn savings/checking interest rate linked to 25 monthly debit card charges to 0.50% as of April 1, 2013. There still is no maximum. This reduction was announced in an email to members in March. There apparently is a 1.01% rate listed on the web site for a "Great to Save" account with these conditions: "Deposit any amount into your savings or checking account and automatically transfer $15 to $1,000 per month into a high-rate 12-month certificate! After 12 months, put the money anywhere you want, like another certificate, or towards that special something you always wanted!"

It's not clear to me from the web site what the Great to Save account offers or what the maximum investment is.



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 CME Credit Union had $1.21 million in non-current loans and owned real-estate with $20.48 million in equity and loan loss allowances on hand to cover it. This gives CME Credit Union a Texas Ratio of 5.91% 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 CME Credit Union experienced no significant changes from 6.50% as of March 31, 2013 to 5.91% as of March 31, 2014, resulting in a positive change of 9.10%.This indicates that the balance sheet and financial strength for CME Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, CME Credit Union has increased its total deposits by $1.84 million, resulting in 0.88% 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 CME Credit Union has shown is above average.

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. CME Credit Union has $230.9 million in assets with $20.48 million in equity, resulting in a capitalization level of 8.87%, which is average.

Institution Statistics

Overall
NCUA #294
Year Chartered1935
Employees56
Primary Regulator
Assets and Liabilities
Assets$230.90 million
Loans$168.92 million
Deposits$210.09 million
Equity Capital$19.93 million
Loan Loss Allowance$554,000
Unbacked Noncurrent Loans$776,000
Real Estate Owned$435,000
Historic Data - March 2013
Assets$228.92 million
Equity Capital$20.06 million
Loan Loss Allowance$329,000
Unbacked Noncurrent Loans$776,000
Real Estate Owned$91,000
Profit Margin - Quarterly
Net Interest Margin1.05%
Return on Assets0.45%
Return on Equity5.22%
Interest Income$2.11 million
Rates

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

CME Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%$10k-Health Savings Account
1.01%--Great2Save
0.25%$50-IRA Share
0.25%$50-CESA Share
0.25%$50-Roth IRA Share
0.15%$50k-Business Share
0.15%$50k-Advantage Share
0.15%$50k-Supplemental Share
0.10%$50-Holiday Club

CME Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Business Money Maximizer
0.30%$50k-Money Market Account

CME Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-EZ Dividend Checking

CME Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.56%$50k-60 Month Share Certificate
1.36%$50k-48 - 59 Month Share Certificate
1.01%$50k-36 - 47 Month Share Certificate
0.85%$50k-30-Month Bump Share Certificate
0.55%$50k-24 - 35 Month Share Certificate
0.50%$50k-18-Month Bump Share Certificate
0.30%$50k-12 - 23 Month Share Certificate
0.20%$50k-6 - 11 Month Share Certificate
0.15%$50k-3 - 5 Month Share Certificate

CME Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.56%$50k-60 Month IRA Certificate
1.36%$50k-48 - 59 Month IRA Certificate
1.01%$50k-36 - 47 Month IRA Certificate
0.85%$50k-30-Month Bump IRA Certificate
0.55%$50k-24 - 35 Month IRA Certificate
0.50%$50k-18-Month Bump IRA Certificate
0.30%$50k-12 - 23 Month IRA Certificate
0.20%$50k-6 - 11 Month IRA Certificate
0.15%$50k-3 - 5 Month IRA Certificate
Locations


CME Credit Union Locations
Branch Office4099 Trueman BlvdHilliard, OH 43026
Branch Office1017 Refugee RdPickerington, OH 43147
Branch Office428 S State StWesterville, OH 43081
Branch Office150 E Mound StColumbus, OH 43215
Branch Office365 S 4th StColumbus, OH 43215
Branch Office4545 N High StColumbus, OH 43214