Jax Metro Credit Union

30 East 27th Street
Jacksonville, FL 32206
(904)360-5100
www.jaxmetro.org

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Jax Metro Credit Union is headquartered in Jacksonville and is the 96^th largest credit union in the state of Florida. It is also the 2,635^th largest credit union in the nation. It was established in 1991 and as of December of 2012, it had grown to 12 employees and 4,399 members. Jax Metro Credit Union has a 5-star health rating.

Jax Metro Credit Union Routing Number: 263079182

2.63% 5-Year CD At Jax Metro Credit Union In Jacksonville Florida (Forum) - 10/28/2010

This 5-year CD rate is down since my September blog post, but it's still competitive. 2.63% APY 5-year CD, $500 minimum deposit Membership into Jax Metro Credit Union is open to those who live in parts of Jacksonville, Florida. Please refer to the cr

Top Long-Term CD Rates at Jax Metro Credit Union in North Florida - Local Only - 9/8/2010

Jax Metro Credit Union is offering some competitive long-term regular and IRA certificate rates. These include a 3.04% APY 5-year CD, a 2.53% APY 3-year CD and a 2.28% APY 3-year CD. The credit union' ...

2.01% 12-Month CD at Jax Metro Credit Union in North Florida - Local Only - 3/17/2010

Jax Metro Credit Union is offering some competitive regular and IRA certificate rates. The most competitive is a 2.01% APY 12-month CD. Other notable ones include a 2.22% APY 24-month CD and a 3.30% ...

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

Jax Metro Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	$500	-	Basic Checking
0.05%	$500	-	Business Checking

Jax Metro Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	$100	-	Business Share Savings
0.25%	$15k	-	Share Savings
0.25%	$100	-	IRA Shares
0.25%	$100	-	Roth IRA Shares
0.10%	$25	-	Holiday Club
0.10%	$25	-	Special Club

Jax Metro Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.55%	$150k	-	Money Market Account

Jax Metro Credit Union CD Rates

Apy	Min	Max	Product
1.46%	$500	-	60 Month CD
1.16%	$500	-	48 Month CD
0.95%	$500	-	36 Month CD
0.70%	$500	-	24 Month CD
0.60%	$500	-	12 Month CD
0.35%	$500	-	6 Month CD

Jax Metro Credit Union IRA Rates

Apy	Min	Max	Product
1.46%	$500	-	60 Month IRA
1.46%	$500	-	60 Month Roth IRA
1.16%	$500	-	48 Month IRA
1.16%	$500	-	48 Month Roth IRA
0.95%	$500	-	36 Month IRA
0.95%	$500	-	36 Month Roth IRA
0.70%	$500	-	24 Month IRA
0.70%	$500	-	24 Month Roth IRA
0.60%	$500	-	12 Month IRA
0.60%	$500	-	12 Month Roth IRA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

JAX METRO CU
NCUA #	67294
BankRate Report	View
Year Chartered	1991
Employees	12
Primary Regulator
Assets and Liabilities
Assets	$37.76 million
Loans	$18.94 million
Deposits	$32.45 million
Equity Capital	$4.47 million
Loan Loss Allowance	$361,000
Unbacked Noncurrent Loans	$73,000
Historic Data - December 2011
Assets	$36.63 million
Equity Capital	$4.41 million
Loan Loss Allowance	$335,000
Unbacked Noncurrent Loans	$82,000
Profit Margin - Quarterly
Net Interest Margin	5.62%
Return on Assets	0.5%
Return on Equity	4.25%
Interest Income	$1.46 million
Non-Interest Income	$426,000

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, 2012 Jax Metro Credit Union had $73,000 in non-current loans and owned real-estate with $4.83 million in equity and loan loss allowances on hand to cover it. This gives Jax Metro Credit Union a Texas Ratio of 1.51% 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 Jax Metro Credit Union held steady from 1.73% as of December 31, 2011 to 1.51% as of December 31, 2012, resulting in a positive change of 12.56%.This indicates that the balance sheet and financial strength for Jax Metro Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Jax Metro Credit Union has increased its total deposits by $1.09 million, resulting in 3.49% 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 Jax 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. Jax Metro Credit Union has $37.76 million in assets with $4.83 million in equity, resulting in a capitalization level of 12.80%, which is excellent.