CME Credit Union is headquartered in Columbus and is the 23rd largest credit union in the state of Ohio. It is also the 843rd largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 59 employees and 28,046 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
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.
Data for Q4 2013
Institution Health
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, 2013 CME Credit Union had $1.14 million in non-current loans and owned real-estate with $20.12 million in equity and loan loss allowances on hand to cover it. This gives CME Credit Union a Texas Ratio of 5.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for CME Credit Union held steady from 5.49% as of December 31, 2012 to 5.66% as of December 31, 2013, resulting in a negative change of 3.21%. This indicates that the balance sheet and financial strength for CME Credit Union has held steady in recent periods.
Deposit Growth
In the past year, CME Credit Union has decreased its total deposits by $-597,000, resulting in -0.29% 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 average.
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. CME Credit Union has $224.36 million in assets with $20.12 million in equity, resulting in a capitalization level of 8.97%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 294 |
| Year Chartered | 1935 |
| Employees | 59 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $224.36 million |
| Loans | $165.56 million |
| Deposits | $203.79 million |
| Equity Capital | $19.58 million |
| Loan Loss Allowance | $537,000 |
| Unbacked Noncurrent Loans | $816,000 |
| Real Estate Owned | $323,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $225.41 million |
| Equity Capital | $20.08 million |
| Loan Loss Allowance | $321,000 |
| Unbacked Noncurrent Loans | $816,000 |
| Real Estate Owned | $146,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.04% |
| Return on Assets | 0.22% |
| Return on Equity | 2.56% |
| Interest Income | $8.24 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 | |
| 0.10% | $15k | - | Business Share | |
| 0.10% | $15k | - | Advantage Share | |
| 0.10% | $50 | - | Holiday Club | |
| 0.10% | $15k | - | Supplemental Share |
CME Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $50k | - | Business Money Maximizer | |
| 0.30% | $50k | - | Money Market Account |
CME Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $50k | - | EZ Dividend Checking |
CME Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.66% | $15k | - | 60 Month Share Certificate | |
| 1.26% | $50k | - | 48 - 59 Month Share Certificate | |
| 0.85% | $50k | - | 36 - 47 Month Share Certificate | |
| 0.70% | $50k | - | 30-Month Bump Share Certificate | |
| 0.50% | $50k | - | 24 - 35 Month Share Certificate | |
| 0.40% | $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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.66% | $50k | - | 60 Month IRA Certificate (Traditional,Roth,CESA) | |
| 1.60% | $500 | $15k | 48 - 59 Month IRA Certificate (Traditional,Roth,CESA) | |
| 0.85% | $50k | - | 36 - 47 Month IRA Certificate (Traditional,Roth,CESA) | |
| 0.70% | $50k | - | 30-Month Bump IRA Certificate (Traditional,Roth,CESA) | |
| 0.50% | $50k | - | 24 - 35 Month IRA Certificate (Traditional,Roth,CESA) | |
| 0.40% | $50k | - | 18-Month Bump IRA Certificate (Traditional,Roth,CESA) | |
| 0.30% | $50k | - | 12 - 23 Month IRA Certificate (Traditional,Roth,CESA) | |
| 0.20% | $50k | - | 6 - 11 Month IRA Certificate | |
| 0.20% | $50k | - | 6 - 11 Month Roth IRA Certificate | |
| 0.20% | $50k | - | 6 - 11 Month CESA Certificate | |
| 0.15% | $50k | - | 3 - 5 Month IRA Certificate (Traditional,Roth,CESA) |
| CME Credit Union Locations | ||
|---|---|---|
| Branch Office | 4099 Trueman Blvd | Hilliard, OH 43026 |
| Branch Office | 1017 Refugee Rd | Pickerington, OH 43147 |
| Branch Office | 428 S State St | Westerville, OH 43081 |
| Branch Office | 150 E Mound St | Columbus, OH 43215 |
| Branch Office | 365 S 4th St | Columbus, OH 43215 |
| Branch Office | 4545 N High St | Columbus, OH 43214 |