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Not Federally Insured
410-551-5800
Building 4471B Redwood Road
Fort Meade, MD 20755-0140

Fort Meade Community Credit Union is headquartered in Fort Meade and is the 46th largest credit union in the state of Maryland. It is also the 2,757th largest credit union in the nation. It was established in 1900 and as of March of 2014, it had grown to 15 employees and 4,832 members. Fort Meade Community Credit Union has a C health rating.

Field of Membership Restrictions

All persons of the Fort Meade community can join FMCCU. Specific qualifications are available from the membership officers at each office by calling . - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Fort Meade Community Credit Union had $374,000 in non-current loans and owned real-estate with $2.5 million in equity and loan loss allowances on hand to cover it. This gives Fort Meade Community Credit Union a Texas Ratio of 14.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Fort Meade Community Credit Union experienced no significant changes from 12.96% as of March 31, 2013 to 14.95% as of March 31, 2014, resulting in a negative change of 15.38%. This indicates that the balance sheet and financial strength for Fort Meade Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Fort Meade Community Credit Union has decreased its total deposits by -$1.76 million, resulting in -5.08% 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 Fort Meade Community Credit Union has shown is below 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. Fort Meade Community Credit Union has $35.34 million in assets with $2.5 million in equity, resulting in a capitalization level of 7.08%, which is below average.

Institution Statistics

Overall
NCUA #95749
Year Chartered1900
Employees15
Primary Regulator
Assets and Liabilities
Assets$35.34 million
Loans$10.90 million
Deposits$32.83 million
Equity Capital$2.46 million
Loan Loss Allowance$45,000
Unbacked Noncurrent Loans$374,000
Real Estate Owned$0
Historic Data - March 2013
Assets$37.52 million
Equity Capital$2.55 million
Loan Loss Allowance$30,000
Unbacked Noncurrent Loans$374,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2%
Return on Assets-0.19%
Return on Equity-2.77%
Interest Income$285,000
Rates
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Fort Meade Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Savings
0.15%--Christmas Club
0.15%$75k-Share Account
0.00%--Non-Personal Account

Fort Meade Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Drafts

Fort Meade Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-24 Month Share Certificate
0.15%$500-18 Month Share Certificate
0.10%$500-12 Month Share Certificate
0.05%$500-6 Month Share Certificate

Fort Meade Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.40%$1k-60 Month IRA Certificate
0.35%$1k-48 Month IRA Certificate
0.30%$1k-36 Month IRA Certificate
0.25%$1k-24 Month IRA Certificate
0.15%$1k-18 Month IRA Certificate
0.10%$1k-12 Month IRA Certificate
Locations

Sorry, but we do not have location data for Fort Meade Community Credit Union. Its headquarters is located at Building 4471B Redwood Road - Fort Meade, MD 20755-0140