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904-360-5100
9580 Hutchinson Park Dr
Jacksonville, FL 32225

Jax Metro Credit Union is headquartered in Jacksonville and is the 96th largest credit union in the state of Florida. It is also the 2,626th largest credit union in the nation. It was established in 1991 and as of December of 2013, it had grown to 14 employees and 4,383 members. Jax Metro Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Our new expanded field of membership now includes persons that live or work in the zip code zones: 32202, 32205, 32206, 32208, 32211, 32218, 32220, 32225, 32226, and 32254. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Jax Metro Credit Union has a low asset base.

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 Jax Metro Credit Union had $30,000 in non-current loans and owned real-estate with $4.5 million in equity and loan loss allowances on hand to cover it. This gives Jax Metro Credit Union a Texas Ratio of 0.67% 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 Jax Metro Credit Union decreased dramatically from 1.51% as of December 31, 2012 to 0.67% as of December 31, 2013, resulting in a positive change of 55.84%.This indicates that the balance sheet and financial strength for Jax Metro Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Jax Metro Credit Union has increased its total deposits by $944,000, resulting in 2.91% 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

GRADE:
A

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 $38.19 million in assets with $4.5 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
NCUA #67294
Year Chartered1991
Employees14
Primary Regulator
Assets and Liabilities
Assets$38.19 million
Loans$20.30 million
Deposits$33.39 million
Equity Capital$4.12 million
Loan Loss Allowance$377,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Historic Data - December 2012
Assets$37.76 million
Equity Capital$4.47 million
Loan Loss Allowance$361,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.51%
Return on Assets0.18%
Return on Equity1.7%
Interest Income$1.44 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Jax Metro Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Jax Metro Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.50%$150k-Money Market Account

Jax Metro Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Basic Checking
0.05%$500-Business Checking

Jax Metro Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.46%$500-60 Month IRA (Traditional,Roth)
1.16%$500-48 Month IRA (Traditional,Roth)
0.95%$500-36 Month IRA (Traditional,Roth)
0.70%$500-24 Month IRA (Traditional,Roth)
0.60%$500-12 Month IRA (Traditional,Roth)
0.35%$500-6 Month IRA (Traditional,Roth)
Locations


Jax Metro Credit Union Locations
Branch Office30 E 27th StJacksonville, FL 32206-2116
Branch Office21 W Church St Ste 102Jacksonville, FL 32202-3152
Branch Office2485 Monument Rd Ste 18 Suite 18Jacksonville, FL 32225-4579
Branch Office3033 Lenox AveJacksonville, FL 32254-4203