Financial Benefits Credit Union
1528 Webster Street
Alameda, CA 94501
(510) 433-9200
www.fbcu.net
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Financial Benefits Credit Union is headquartered in Alameda and is the 284th largest credit union in the state of California. It is also the 3,590th largest credit union in the nation. It was established in 1931 and as of March of 2013, it had grown to 5 employees and 2,830 members. Financial Benefits Credit Union has a 4-star health rating.
Financial Benefits Credit Union Routing Number: 321076328
See Rates for: Checking |
Savings |
Money Market |
CD |
IRA
Financial Benefits Credit Union Checking Account Rates
Financial Benefits Credit Union Savings Account Rates
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Apy | Min | Max | Product |
| 0.35% | - | - | IRA Share Account |
| 0.35% | - | - | Roth IRA Share Account |
| 0.35% | - | - | Educational Savings Account |
| 0.25% | $25 | - | Junior Jump Account |
| 0.25% | $25 | - | Teen Jump Account |
| 0.15% | - | - | Christmas Club Account |
| 0.10% | $300 | - | Membership Share Account |
Financial Benefits Credit Union Money Market Rates
Financial Benefits Credit Union CD Rates
|
Apy | Min | Max | Product |
| 0.90% | $300 | - | 36 Month CD |
| 0.55% | $300 | - | 24 Month CD |
| 0.30% | $300 | - | 12 Month CD |
| 0.20% | $300 | - | 6 Month CD |
| 0.15% | $300 | - | 3 Month CD |
Financial Benefits Credit Union IRA Rates
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Apy | Min | Max | Product |
| 1.00% | $300 | - | 36 Month IRA Certificate |
| 1.00% | $300 | - | 36 Month Educational IRA Certificate |
| 1.00% | $300 | - | 36 Month Roth IRA Certificate |
| 0.60% | $300 | - | 24 Month IRA Certificate |
| 0.60% | $300 | - | 24 Month Educational IRA Certificate |
| 0.60% | $300 | - | 24 Month Roth IRA Certificate |
| 0.40% | $300 | - | 12 Month IRA Certificate |
| 0.40% | $300 | - | 12 Month Educational IRA Certificate |
| 0.40% | $300 | - | 12 Month Roth IRA Certificate |
Rates updated: 6/19/2013
Data for Q1 2013
Institution Statistics
| FINANCIAL BENEFITS | | NCUA # | 61125 | | BankRate Report | View | | Year Chartered | 1931 | | Employees | 5 | | Primary Regulator | |
Assets and Liabilities | | Assets | $19.90 million | | Loans | $14.27 million | | Deposits | $18.37 million | | Equity Capital | $1.48 million | | Loan Loss Allowance | $63,000 |
Historic Data - March 2012 | | Assets | $19.02 million | | Equity Capital | $1.46 million | | Loan Loss Allowance | $86,000 |
Profit Margin - Quarterly | | Net Interest Margin | 1.5% | | Return on Assets | -0.4% | | Return on Equity | -5.42% | | Interest Income | $225,000 | | Non-Interest Income | ($36,000) |
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Institution Health
Overall Score:
4 out of 5 
| 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 March 31, 2013 Financial Benefits Credit Union had $0 in non-current loans and owned real-estate with $1.54 million in equity and loan loss allowances on hand to cover it. This gives Financial Benefits Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Financial Benefits Credit Union has increased its total deposits by $850,000, resulting in 4.85% 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 Financial Benefits Credit Union has shown is above 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. Financial Benefits Credit Union has $19.9 million in assets with $1.54 million in equity, resulting in a capitalization level of 7.74%, which is below average. |
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