1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Comstar Credit Union

Comstar Credit Union Locations
22601-A Gateway Center Dr
Clarksburg, MD 20871
1-855-436-4100
www.comstarfcu.org

Comstar Credit Union is headquartered in FREDERICK and is the 25th largest credit union in the state of Maryland. It is also the 811st largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 61 employees and 19,914 members. Comstar Credit Union has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Comstar Credit Union Checking Account Rates

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0.05%$2,500-Checking Account

Comstar Credit Union Savings Account Rates

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0.20%--IRA Savings
0.20%--Roth IRA Savings
0.20%--Coverdell Education Savings
0.15%--Club Account
0.10%--Share Savings
0.10%--$wipe-n-$ave

Comstar Credit Union Money Market Rates

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0.35%$100k-Money Market Account

Comstar Credit Union CD Rates

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1.80%$10k-60 Month Bump Up Certificate Special
1.45%$10k-48-59 Month Bump Up Certificate Special
1.30%$500-84 Month Share Certificate
1.30%$500-84 Month Dream Big Share Certificate
1.20%$10k-36-47 Months Certificate Special
1.00%$10k-24-35 Months Certificate Special
0.95%$500-72 Month Share Certificate
0.95%$500-72 Month Dream Big Share Certificate
0.85%$500-60 Month Share Certificate
0.85%$500-60 Month Dream Big Share Certificate
0.65%$500-48 - 59 Month Share Certificate
0.65%$500-48 - 59 Month Dream Big Share Certificate
0.45%$500-36 - 47 Month Share Certificate
0.45%$500-36 - 47 Month Dream Big Share Certificate
0.30%$500-24 - 35 Month Share Certificate
0.30%$500-18 - 23 Month Add-On Share Certificate
0.30%$500-18 - 23 Month Dream Big Share Certificate
0.30%$500-24 - 35 Month Dream Big Share Certificate
0.20%$500-12 Month Share Certificate
0.20%$500-12 Month Dream Big Share Certificate
0.10%$500-6 Month Share Certificate
0.07%$500-91 Day Share Certificate

Comstar Credit Union IRA Rates

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1.90%$10k-60 Month Bump Up IRA Certificate Special
1.90%$10k-60 Month Bump Up Roth IRA Certificate Special
1.90%$10k-60 Month Bump Up CESA Certificate Special
1.55%$10k-48-59 Month Bump Up IRA Certificate Special
1.55%$10k-48-59 Month Bump Up Roth IRA Certificate Special
1.55%$10k-48-59 Month Bump Up CESA Certificate Special
1.40%$500-84 Month IRA Certificate
1.40%$500-84 Month Roth IRA Certificate
1.40%$500-84 Month CESA Certificate
1.30%$10k-36-47 Month IRA Certificate Special
1.30%$10k-36-47 Month Roth IRA Certificate Special
1.30%$10k-36-47 Month CESA Certificate Special
1.10%$10k-24-35 Month IRA Certificate Special
1.10%$10k-24-35 Month Roth IRA Certificate Special
1.10%$10k-24-35 Month CESA Certificate Special
1.05%$500-72 Month IRA Certificate
1.05%$500-72 Month Roth IRA Certificate
1.05%$500-72 Month CESA Certificate
0.95%$500-60 Month IRA Certificate
0.95%$500-60 Month Roth IRA Certificate
0.95%$500-60 Month CESA Certificate
0.75%$500-48 - 59 Month IRA Certificate
0.75%$500-48 - 59 Month Roth IRA Certificate
0.75%$500-48 - 59 Month CESA Certificate
0.55%$500-36 - 47 Month IRA Certificate
0.55%$500-36 - 47 Month Roth IRA Certificate
0.55%$500-36 - 47 Month CESA Certificate
0.40%$500-18 - 23 Month Add-On IRA Certificate
0.40%$500-24 - 35 Month IRA Certificate
0.40%$500-18 - 23 Month Add-On Roth IRA Certificate
0.40%$500-24 - 35 Month Roth IRA Certificate
0.40%$500-18 - 23 Month Add-On CESA Certificate
0.40%$500-24 - 35 Month CESA Certificate
0.32%$500-12 Month Add-On CESA Certificate
0.32%$500-12 Month Add-On IRA Certificate
0.32%$500-12 Month Add-On Roth IRA Certificate
0.30%$500-12 Month IRA Certificate
0.30%$500-12 Month Roth IRA Certificate
0.30%$500-12 Month CESA Certificate
0.20%$500-6 Month Add-On IRA Certificate
0.20%$500-6 Month Add-On Roth IRA Certificate
0.20%$500-6 Month Add-On CESA Certificate

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


COMSTAR
NCUA #16408
BankRate ReportView
Year Chartered1964
Employees61
Primary Regulator

Assets and Liabilities

Assets$220.37 million
Loans$130.52 million
Deposits$188.54 million
Equity Capital$23.90 million
Loan Loss Allowance$2.58 million
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$321,000

Historic Data - December 2010

Assets$213.13 million
Equity Capital$23.36 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$4.41 million

Profit Margin - Quarterly

Net Interest Margin5.71%
Return on Assets0.25%
Return on Equity2.28%
Interest Income$8.77 million
Non-Interest Income$3.67 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Comstar Credit Union had $1.89 million in non-current loans and owned real-estate with $26.48 million in equity and loan loss allowances on hand to cover it. This gives Comstar Credit Union a Texas Ratio of 7.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Comstar Credit Union decreased significantly from 17.07% as of December 31, 2010 to 7.13% as of December 31, 2011, resulting in a positive change of 58.24%.This indicates that the balance sheet and financial strength for Comstar Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Comstar Credit Union has increased its total deposits by $7.26 million, resulting in 4.01% 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 Comstar Credit Union has shown is above average.
Capitalization5
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. Comstar Credit Union has $220.37 million in assets with $26.48 million in equity, resulting in a capitalization level of 12.02%, which is excellent.
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Not A Good Option
1 stars - 1Adam12 - Sunday, July 3, 2011 - 7:25 AM

07/03/2011
Went with this bank to support a local bank versus a large impersonal bank. Service is pretty bad, their website is antiquated, But, the worst part is ALL THOSE FEES!. OMG, I switched to them and started bleeding cash, Did you know that their website which refers you to "surcharge free ATMs" actually means that you indeed DO get charged with a fee? Don't know how they can do this legally, but looks like they're not worried about it. And they hold checks and direct deposits for a sufficient length of time to trigger their pricey overdraft protection. You can do better. Much better


3

Stay Away!!
1 stars - Davis - Saturday, July 23, 2011 - 7:49 PM

Poor service, poor services - don't do it!

2
 
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