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Overview / Commentary
8767 Satyr Hill Rd
Baltimore, MD 21234

Destinations Credit Union is headquartered in Baltimore and is the 41st largest credit union in the state of Maryland. It is also the 2,146th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 22 employees and 7,943 members. Destinations Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who works for one of the several sponsor groups, or lives in Parkville, Carney, Harford Park, Oakleigh Manor, or attended Parkville High School. You can also qualify for membership if you are a family member of a current Destinations Credit Union member, or if you are a member of the Friends of the Red Cross. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Destinations Credit Union has a relatively low asset base.

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 Destinations Credit Union had $517,000 in non-current loans and owned real-estate with $7.84 million in equity and loan loss allowances on hand to cover it. This gives Destinations Credit Union a Texas Ratio of 6.60% 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 Destinations Credit Union decreased slightly from 9.11% as of December 31, 2012 to 6.60% as of December 31, 2013, resulting in a positive change of 27.61%.This indicates that the balance sheet and financial strength for Destinations Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Destinations Credit Union has increased its total deposits by $361,000, resulting in 0.76% 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 Destinations Credit Union has shown is above average.



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. Destinations Credit Union has $56.02 million in assets with $7.84 million in equity, resulting in a capitalization level of 13.99%, which is excellent.

Institution Statistics

NCUA #66333
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$56.02 million
Loans$27.78 million
Deposits$48.15 million
Equity Capital$7.57 million
Loan Loss Allowance$265,000
Unbacked Noncurrent Loans$306,000
Real Estate Owned$211,000
Historic Data - December 2012
Assets$55.70 million
Equity Capital$7.63 million
Loan Loss Allowance$302,000
Unbacked Noncurrent Loans$306,000
Real Estate Owned$211,000
Profit Margin - Quarterly
Net Interest Margin6.73%
Return on Assets-0.1%
Return on Equity-0.77%
Interest Income$2.18 million

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Destinations Credit Union Savings Account Rates

0.75%-$10kKasasa Saver
0.25%--IRA Share Savings Account
0.25%--Roth IRA Share Savings Account
0.25%--Coverdell Education Savings Account
0.10%$50-Regular Share
0.10%--Christmas Club Account
0.10%--Vacation Club Account
0.10%--Auxilliary Account
0.05%--Kasasa Saver

Destinations Credit Union Money Market Rates

0.19%$25k-Money Market Account

Destinations Credit Union Checking Account Rates

2.01%-$10kKasasa Cash
0.05%--Kasasa Cash
0.00%$50-Share Draft/Checking

Destinations Credit Union CD Rates

1.19%$500-5 Year Share Certificate
0.78%$500-3 Year Share Certificate
0.61%$500-2 Year Share Certificate
0.41%$500-1 Year Share Certificate
0.27%$500-6 Month Share Certificate

Destinations Credit Union IRA Rates

1.19%$500-5 Year IRA Certificate (Traditional,Roth,CESA)
0.78%$500-3 Year IRA Certificate (Traditional,Roth,CESA)
0.61%$500-2 Year IRA Certificate (Traditional,Roth,CESA)
0.41%$500-1 Year IRA Certificate (Traditional,Roth,CESA)
0.27%$500-6 Month IRA Certificate (Traditional,Roth,CESA)

Destinations Credit Union Locations
Branch Office411 N Cranberry RdWestminster, MD 21157-6312
Branch Office5401 Old Court RdRandallstown, MD 21133-5103
Main Office8767 Satyr Hill RdBaltimore, MD 21234