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800-356-6660
P.O. Box 179
Greenbelt, MD 20768

Educational Systems Credit Union is headquartered in Greenbelt and is the 8th largest credit union in the state of Maryland. It is also the 302nd largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 186 employees and 87,775 members. Educational Systems Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of the Calvert Board of Education or several related board of education or company listed in their list of sponsoring organization. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
A

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 Educational Systems Credit Union had $5.23 million in non-current loans and owned real-estate with $58.68 million in equity and loan loss allowances on hand to cover it. This gives Educational Systems Credit Union a Texas Ratio of 8.91% 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 Educational Systems Credit Union experienced no significant changes from 6.46% as of December 31, 2012 to 8.91% as of December 31, 2013, resulting in a negative change of 37.91%. This indicates that the balance sheet and financial strength for Educational Systems Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Educational Systems Credit Union has decreased its total deposits by -$14.57 million, resulting in -2.23% 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 Educational Systems Credit Union has shown is 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. Educational Systems Credit Union has $732.3 million in assets with $58.68 million in equity, resulting in a capitalization level of 8.01%, which is average.

Institution Statistics

Overall
NCUA #10696
Year Chartered1955
Employees186
Primary Regulator
Assets and Liabilities
Assets$732.30 million
Loans$392.48 million
Deposits$637.70 million
Equity Capital$55.78 million
Loan Loss Allowance$2.90 million
Unbacked Noncurrent Loans$4.98 million
Real Estate Owned$247,000
Historic Data - December 2012
Assets$750.49 million
Equity Capital$55.76 million
Loan Loss Allowance$2.06 million
Unbacked Noncurrent Loans$4.98 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.67%
Return on Assets0.64%
Return on Equity8.42%
Interest Income$23.67 million
Rates

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Educational Systems Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Regular Savings
0.05%--Special Purpose Club
0.05%--IRA Share Account
0.05%--Roth IRA Share Account
0.05%--Education IRA Share Account

Educational Systems Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Money Market Account
0.15%$100k-IRA Money Market

Educational Systems Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Interest Checking

Educational Systems Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.55%$500-24 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate
0.10%$500-3 Month Share Certificate

Educational Systems Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.10%$500-60 Month IRA Share Certificate (Traditional,Roth,CESA)
1.00%$500-48 Month IRA Share Certificate (Traditional,Roth,CESA)
0.70%$500-36 Month IRA Share Certificate (Traditional,Roth,CESA)
0.55%$500-24 Month IRA Share Certificate (Traditional,Roth,CESA)
0.30%$500-12 Month IRA Share Certificate (Traditional,Roth,CESA)
0.20%$500-6 Month IRA Share Certificate (Traditional,Roth,CESA)
0.10%$500-3 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations

Educational Systems Credit Union has 13 locations. Click to view all Educational Systems Credit Union locations.