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561-982-4700
790 Park of Commerce Blvd
Boca Raton, FL 33431

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Field of Membership Restrictions

Eligibility requires you to be employed by IBM. - 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 IBM Southeast Employees’ Federal Credit Union had $7.38 million in non-current loans and owned real-estate with $76.94 million in equity and loan loss allowances on hand to cover it. This gives IBM Southeast Employees’ Federal Credit Union a Texas Ratio of 9.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for IBM Southeast Employees’ Federal Credit Union decreased dramatically from 18.02% as of December 31, 2012 to 9.59% as of December 31, 2013, resulting in a positive change of 46.77%.This indicates that the balance sheet and financial strength for IBM Southeast Employees’ Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, IBM Southeast Employees’ Federal Credit Union has decreased its total deposits by -$10.49 million, resulting in -1.36% 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 IBM Southeast Employees’ Federal 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. IBM Southeast Employees’ Federal Credit Union has $834.13 million in assets with $76.94 million in equity, resulting in a capitalization level of 9.22%, which is average.

Institution Statistics

Overall
NCUA #19659
Year Chartered1969
Employees231
Primary Regulator
Assets and Liabilities
Assets$834.13 million
Loans$439.69 million
Deposits$758.31 million
Equity Capital$69.72 million
Loan Loss Allowance$7.22 million
Unbacked Noncurrent Loans$6.10 million
Real Estate Owned$1.28 million
Historic Data - December 2012
Assets$841.26 million
Equity Capital$63.88 million
Loan Loss Allowance$9.75 million
Unbacked Noncurrent Loans$6.10 million
Real Estate Owned$2.78 million
Profit Margin - Quarterly
Net Interest Margin4.94%
Return on Assets0.81%
Return on Equity9.69%
Interest Income$26.02 million
Rates

Always verify rates and promotions with the bank or credit union. We are not IBM Southeast Employees’ Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

IBM Southeast Employees’ Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Certain Saver
0.10%$10k-Health Savings Account
0.10%--Education Share Account
0.10%--Roth Share Account
0.10%--Traditional Share Account
0.10%$1k-Variable Choice Certificate
0.07%$5k-Membership Savings
0.07%$5k-Savings Plus
0.07%$5k-Membership Top Teen Savings

IBM Southeast Employees’ Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Max
0.13%$10k-Money Market Account

IBM Southeast Employees’ Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Grand Checking
0.03%$500-Checking Plus

IBM Southeast Employees’ Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$25k-60 Month Diamond Rewards Certificate
1.25%$25k-60 Month Platinum Rewards Certificate
1.20%$1k-60 Month Certificate
0.95%$25k-48 Month Diamond Rewards Certificate
0.95%$25k-48 Month Platinum Rewards Certificate
0.90%$1k-48 Month Certificate
0.75%$25k-42 Month Diamond Rewards Certificate
0.75%$25k-42 Month Platinum Rewards Certificate
0.70%$1k-42 Month Certificate
0.65%$25k-36 Month Diamond Rewards Certificate
0.65%$25k-36 Month Platinum Rewards Certificate
0.60%$1k-36 Month Certificate
0.55%$25k-30 Month Diamond Rewards Certificate
0.55%$25k-30 Month Platinum Rewards Certificate
0.50%$1k-30 Month Certificate
0.45%$25k-24 Month Diamond Rewards Certificate
0.45%$25k-24 Month Platinum Rewards Certificate
0.40%$1k-24 Month Certificate
0.35%$25k-18 Month Diamond Rewards Certificate
0.35%$25k-18 Month Platinum Rewards Certificate
0.30%$1k-18 Month Certificate
0.25%$25k-12 Month Diamond Rewards Certificate
0.25%$25k-12 Month Platinum Rewards Certificate
0.20%$1k-12 Month Certificate
0.20%$25k-6 Month Diamond Rewards Certificate
0.20%$25k-6 Month Platinum Rewards Certificate
0.15%$1k-6 Month Certificate
0.15%$500-HSA 6 Month Certificate
0.05%$1k-3 Month Certificate

IBM Southeast Employees’ Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-60 Month IRA - Traditional (Traditional,Roth,CESA)
0.90%$1k-48 Month IRA - Traditional (Traditional,Roth,CESA)
0.60%$1k-36 Month IRA - Traditional (Traditional,Roth,CESA)
0.40%$1k-24 Month IRA - Traditional (Traditional,Roth,CESA)
0.30%$1k-12 Month Variable IRA - Traditional
0.20%$1k-12 Month IRA - Traditional (Traditional,Roth,CESA)
Locations

IBM Southeast Employees’ Federal Credit Union has 15 locations. Click to view all IBM Southeast Employees’ Federal Credit Union locations.