Keys Credit Union

PO Box 1898
Key West, FL 330411898
(800) 805-7535
www.keysfcu.org

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September 24, 2009, – The National Credit Union Administration (NCUA) today assumed control of service and operations at Keys Federal Credit Union of Key West, Florida.NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.

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

Keys Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	$1k	-	Keys Premier Checking
0.05%	$500	-	Keys 50-Plus Checking
0.05%	$1k	-	Keys Premier Business Checking

Keys Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$50	-	Kirby Kids Savings Account
0.10%	$10k	-	Keys Savings Account

Keys Credit Union Money Market Rates

Apy	Min	Max	Product
0.15%	$10k	-	Keys Money Market Account
0.15%	$10k	-	Keys IRA Money Market Account
0.15%	$10k	-	Keys Business Money Market Account

Keys Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	-	60 Month Share Certificate
1.26%	$100k	-	60 Month Jumbo Share Certificate
1.06%	$500	-	48 Month Share Certificate
1.06%	$100k	-	48 Month Jumbo Share Certificate
0.50%	$500	-	36 Month Share Certificate
0.50%	$100k	-	36 Month Jumbo Share Certificate
0.35%	$500	-	24 Month Share Certificate
0.35%	$100k	-	24 Month Jumbo Share Certificate
0.20%	$500	-	12 Month Share Certificate
0.20%	$100k	-	12 Month Jumbo Share Certificate
0.10%	$2,500	-	6 Month Share Certificate
0.10%	$100k	-	6 Month Jumbo Share Certificate
0.05%	$2,500	-	91 Day Share Certificate
0.05%	$100k	-	91 Day Jumbo Share Certificate

Keys Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$500	-	60 Month IRA Certificate
1.26%	$100k	-	60 Month Jumbo IRA Certificate
1.06%	$500	-	48 Month IRA Certificate
1.06%	$100k	-	48 Month Jumbo IRA Certificate
0.50%	$500	-	36 Month IRA Certificate
0.50%	$100k	-	36 Month Jumbo IRA Certificate
0.35%	$500	-	24 Month IRA Certificate
0.35%	$100k	-	24 Month Jumbo IRA Certificate
0.20%	$500	-	12 Month IRA Certificate
0.20%	$100k	-	12 Month Jumbo IRA Certificate
0.10%	$2,500	-	6 Month IRA Certificate
0.10%	$100k	-	6 Month Jumbo IRA Certificate
0.05%	$2,500	-	91 Day IRA Certificate
0.05%	$100k	-	91 Day Jumbo IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

KEYS
NCUA #	4135
BankRate Report	View
Year Chartered	1940
Employees	37
Primary Regulator
Assets and Liabilities
Assets	$125.48 million
Loans	$99.42 million
Deposits	$121.35 million
Equity Capital	$3.64 million
Loan Loss Allowance	$1.40 million
Unbacked Noncurrent Loans	$3.01 million
Real Estate Owned	$2.15 million
Historic Data - December 2010
Assets	$142.06 million
Equity Capital	$4.46 million
Loan Loss Allowance	$4.27 million
Unbacked Noncurrent Loans	$6.73 million
Real Estate Owned	$1.98 million
Profit Margin - Quarterly
Net Interest Margin	4.31%
Return on Assets	-0.53%
Return on Equity	-18.21%
Interest Income	$5.36 million
Non-Interest Income	$1.40 million

Institution Health

Overall Score:

1 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 Keys Credit Union had $5.17 million in non-current loans and owned real-estate with $5.04 million in equity and loan loss allowances on hand to cover it. This gives Keys Credit Union a Texas Ratio of 102.50% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Keys Credit Union held steady from 99.75% as of December 31, 2010 to 102.50% as of December 31, 2011, resulting in a negative change of 2.76%. This indicates that the balance sheet and financial strength for Keys Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Keys Credit Union has decreased its total deposits by -$15.76 million, resulting in -11.49% 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 Keys Credit Union has shown is poor.
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. Keys Credit Union has $125.48 million in assets with $5.04 million in equity, resulting in a capitalization level of 4.02%, which is poor.

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