Greater Metro Credit Union

31-10 37th Avenue
Long Island Cit, NY 11101
718-361-1002
www.greatermetrofcu.org

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Greater Metro Credit Union is headquartered in Long Island Cit and is the 73^rd largest credit union in the state of New York. It is also the 1,514^st largest credit union in the nation. It was established in 1970 and as of December of 2011, it had grown to 13 employees and 5,628 members. Greater Metro Credit Union's money market rates are 25% higher than the national average, and it boasts a 5-star health rating.

Top CD Rates Continue at Greater Metro FCU in New York City - Limited Membership - 2/14/2011

Greater Metro Federal Credit Union has made some changes with lower rates on its Jumbo short-term CDs. However, they remain competitive. The rates are 1.51% APY for 1 year, 1.26% APY for 6 months and ...

Competitive CD Rates at Greater Metro FCU in New York City - Limited Membership - 12/16/2010

Greater Metro Federal Credit Union is offering some very competitive long-term CD and IRA CD rates. The best is a 3.30% APY 5-year CD. Other rates include a 3.05% APY 4-year CD, a 2.28% APY 3-year CD ...

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

Greater Metro Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$100	-	Hifi Draft (Checking)

Greater Metro Credit Union Savings Account Rates

Apy	Min	Max	Product
0.30%	$500	-	Regular Shares
0.30%	$500	-	IRA Shares
0.30%	$500	-	Roth IRA Shares
0.30%	$500	-	CESA Shares
0.30%	$25	-	Savings Club

Greater Metro Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.55%	$500	-	Money Market

Greater Metro Credit Union CD Rates

Apy	Min	Max	Product
1.82%	$500	-	60 Month CD
1.71%	$500	-	48 Month CD
1.62%	$500	-	36 Month CD
1.31%	$500	-	24 Month CD
0.80%	$500	-	18 Month CD
0.70%	$500	-	12 Month CD
0.60%	$500	-	6 Month CD
0.40%	$500	-	3 Month CD

Greater Metro Credit Union IRA Rates

Apy	Min	Max	Product
1.82%	$500	-	60 Month IRA
1.82%	$500	-	60 Month Roth IRA
1.82%	$500	-	60 Month CESA
1.71%	$500	-	48 Month IRA
1.71%	$500	-	48 Month Roth IRA
1.71%	$500	-	48 Month CESA
1.62%	$500	-	36 Month IRA
1.62%	$500	-	36 Month Roth IRA
1.62%	$500	-	36 Month CESA
1.31%	$500	-	24 Month IRA
1.31%	$500	-	24 Month Roth IRA
1.31%	$500	-	24 Month CESA
0.80%	$500	-	18 Month IRA
0.80%	$500	-	18 Month Roth IRA
0.80%	$500	-	18 Month CESA
0.70%	$500	-	12 Month IRA
0.70%	$500	-	12 Month Roth IRA
0.70%	$500	-	12 Month CESA
0.60%	$500	-	6 Month IRA
0.60%	$500	-	6 Month Roth IRA
0.60%	$500	-	6 Month CESA
0.40%	$500	-	3 Month IRA
0.40%	$500	-	3 Month Roth IRA
0.40%	$500	-	3 Month CESA

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

GREATER METRO
NCUA #	20382
BankRate Report	View
Year Chartered	1970
Employees	13
Primary Regulator
Assets and Liabilities
Assets	$90.56 million
Loans	$28.53 million
Deposits	$78.29 million
Equity Capital	$11.28 million
Loan Loss Allowance	$283,000
Unbacked Noncurrent Loans	$144,000
Historic Data - December 2010
Assets	$87.35 million
Equity Capital	$11.37 million
Loan Loss Allowance	$296,000
Unbacked Noncurrent Loans	$245,000
Profit Margin - Quarterly
Net Interest Margin	4.21%
Return on Assets	0.15%
Return on Equity	1.24%
Interest Income	$2.94 million
Non-Interest Income	$475,000

Institution Health

Overall Score:

5 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 December 31, 2011 Greater Metro Credit Union had $144,000 in non-current loans and owned real-estate with $11.56 million in equity and loan loss allowances on hand to cover it. This gives Greater Metro Credit Union a Texas Ratio of 1.25% 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 Greater Metro Credit Union decreased significantly from 2.10% as of December 31, 2010 to 1.25% as of December 31, 2011, resulting in a positive change of 40.70%.This indicates that the balance sheet and financial strength for Greater Metro Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Greater Metro Credit Union has increased its total deposits by $2.68 million, resulting in 3.55% 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 Greater Metro 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. Greater Metro Credit Union has $90.56 million in assets with $11.56 million in equity, resulting in a capitalization level of 12.77%, which is excellent.