IBM Southeast Federal Credit Union

IBM Southeast Federal Credit Union Locations

790 Park of Commerce Blvd.
Boca Raton, FL 33431
800.873.5100
www.ibmsecu.org

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Interest Is Paid On The First $500 Only (Forum) - 2/6/2010

Interest is paid on the first $500 only. Not worth the time to open and maintain it.

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

IBM Southeast Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	-	-	Grand Checking
0.03%	$500	-	Checking Plus

IBM Southeast Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	$1k	-	Variable Choice Certificate
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
0.07%	$5k	-	Membership Savings
0.07%	$5k	-	Savings Plus
0.07%	$5k	-	Membership Top Teen Savings

IBM Southeast Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.30%	$100k	-	Money Market Max
0.13%	$10k	-	Money Market Account

IBM Southeast Federal Credit Union CD Rates

Apy	Min	Max	Product
1.35%	$25k	-	60 Month Diamond Rewards Certificate
1.35%	$25k	-	60 Month Platinum Rewards Certificate
1.25%	$1k	-	60 Month Certificate
1.06%	$25k	-	48 Month Diamond Rewards Certificate
1.06%	$25k	-	48 Month Platinum Rewards Certificate
0.95%	$1k	-	48 Month Certificate
0.85%	$25k	-	42 Month Diamond Rewards Certificate
0.85%	$25k	-	42 Month Platinum Rewards Certificate
0.75%	$1k	-	42 Month Certificate
0.75%	$25k	-	36 Month Diamond Rewards Certificate
0.75%	$25k	-	36 Month Platinum Rewards Certificate
0.65%	$1k	-	36 Month Certificate
0.65%	$25k	-	30 Month Diamond Rewards Certificate
0.65%	$25k	-	30 Month Platinum Rewards Certificate
0.55%	$1k	-	30 Month Certificate
0.55%	$25k	-	24 Month Diamond Rewards Certificate
0.55%	$25k	-	24 Month Platinum Rewards Certificate
0.45%	$1k	-	24 Month Certificate
0.45%	$25k	-	18 Month Diamond Rewards Certificate
0.45%	$25k	-	18 Month Platinum Rewards Certificate
0.35%	$1k	-	18 Month Certificate
0.35%	$25k	-	12 Month Diamond Rewards Certificate
0.35%	$25k	-	12 Month Platinum Rewards Certificate
0.25%	$1k	-	12 Month Certificate
0.25%	$25k	-	6 Month Diamond Rewards Certificate
0.25%	$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 Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.25%	$1k	-	60 Month IRA - Traditional
1.25%	$1k	-	60 Month IRA - Roth
1.25%	$1k	-	60 Month IRA - Education
0.95%	$1k	-	48 Month IRA - Traditional
0.95%	$1k	-	48 Month IRA - Roth
0.95%	$1k	-	48 Month IRA - Education
0.65%	$1k	-	36 Month IRA - Traditional
0.65%	$1k	-	36 Month IRA - Roth
0.65%	$1k	-	36 Month IRA - Education
0.45%	$1k	-	24 Month IRA - Traditional
0.45%	$1k	-	24 Month IRA - Roth
0.45%	$1k	-	24 Month IRA - Education
0.35%	$1k	-	12 Month Variable IRA - Traditional
0.25%	$1k	-	12 Month IRA - Traditional
0.25%	$1k	-	12 Month IRA - Roth
0.25%	$1k	-	12 Month IRA - Education

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

IBM SOUTHEAST EMPLOYEES
NCUA #	19659
BankRate Report	View
Year Established	1969
Employees	238
Primary Regulator
Assets and Liabilities
Assets	$842.64 million
Loans	$476.42 million
Deposits	$773.67 million
Equity Capital	$58.49 million
Loan Loss Allowance	$13.11 million
Unbacked Noncurrent Loans	$18.12 million
Real Estate Owned	$2.19 million
Historic Data - September 2010
Assets	$832.84 million
Equity Capital	$61.94 million
Loan Loss Allowance	$9.59 million
Unbacked Noncurrent Loans	$21.71 million
Real Estate Owned	$957,000
Profit Margin - Quarterly
Net Interest Margin	3.75%
Return on Assets	0.24%
Return on Equity	3.52%
Interest Income	$23.63 million
Non-Interest Income	$9.35 million

Institution Health

Overall Score:

3 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 September 30, 2011 IBM Southeast Federal Credit Union had $20.31 million in non-current loans and owned real-estate with $71.6 million in equity and loan loss allowances on hand to cover it. This gives IBM Southeast Federal Credit Union a Texas Ratio of 28.37% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for IBM Southeast Federal Credit Union held steady from 31.69% as of September 30, 2010 to 28.37% as of September 30, 2011, resulting in a positive change of 10.46%.This indicates that the balance sheet and financial strength for IBM Southeast Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, IBM Southeast Federal Credit Union has increased its total deposits by $12.5 million, resulting in 1.64% 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 Federal 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. IBM Southeast Federal Credit Union has $842.64 million in assets with $71.6 million in equity, resulting in a capitalization level of 8.50%, which is average.

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IBM Southeast Federal Credit Union

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