Kinetic Credit Union is headquartered in Columbus and is the 9th largest credit union in the state of Georgia. It is also the 739th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 132 employees and 41,283 members. Kinetic Credit Union has a A+ health rating.
Field of Membership Restrictions
There are two ways to qualify for membership in Kinetic Credit Union. The first is eligibility through Kinetic's community charter. Kinetic Credit Union serves anyone who lives, works, worships, volunteers, or attends school in Muscogee, Chattahoochee, Harris, or Marion counties in Georgia and Lee, Russell, and Macon counties in Alabama. The second is eligibility through an immediate family member. To be eligible to join Kinetic Credit Union through an immediate family member, the family member must be a current member of Kinetic Credit Union at the time you apply. - See Details
TIC Customer Since 1985
I love TIC. Their rates are always a fraction better than the competition because they are member owned. Their credit card is one of the cheapest around, with no annual fee and a low interest rate. The only downside is that in this case you don't get what you don't pay for. Try to buy something in the back of Walmart and then go to the front checkout, and you will find your card frozen. Try to call to get your access restored outside short bankers hours five days a week and you will find that the office that can do that for you is closed. No 24/7 service. On the other hand, TIC offers a prepaid credit card in place of Traveler's Checks. Because it is prepaid, beware: no one has a motive to watch out for fraudulent use. However, that works two ways. No one is going to tell you not to use it twice on one visit to a Walmart. Just don't let anyone else get a hold of it, because since no one is watching, anyone with a Money card in hand can use it right up. The only thing that might hang them up is if someone asks for their ID :-) so be SURE to put on the back of the card with a Sharpie marker, ASK4ID!!!
Data for Q4 2013
Institution Health
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, 2013 Kinetic Credit Union had $1.76 million in non-current loans and owned real-estate with $31.48 million in equity and loan loss allowances on hand to cover it. This gives Kinetic Credit Union a Texas Ratio of 5.60% 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 Kinetic Credit Union experienced no significant changes from 4.22% as of December 31, 2012 to 5.60% as of December 31, 2013, resulting in a negative change of 32.74%. This indicates that the balance sheet and financial strength for Kinetic Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Kinetic Credit Union has increased its total deposits by $13.02 million, resulting in 5.9% 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 Kinetic Credit Union has shown is excellent.
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. Kinetic Credit Union has $268.57 million in assets with $31.48 million in equity, resulting in a capitalization level of 11.72%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 10866 |
| Year Chartered | 1956 |
| Employees | 132 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $268.57 million |
| Loans | $185.71 million |
| Deposits | $233.52 million |
| Equity Capital | $29.94 million |
| Loan Loss Allowance | $1.53 million |
| Unbacked Noncurrent Loans | $1.76 million |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $254.27 million |
| Equity Capital | $29.56 million |
| Loan Loss Allowance | $1.19 million |
| Unbacked Noncurrent Loans | $1.76 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.13% |
| Return on Assets | 0.19% |
| Return on Equity | 1.73% |
| Interest Income | $10.35 million |
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Kinetic Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | - | - | IRA Savings | |
| 0.35% | - | - | Roth IRA Savings | |
| 0.20% | - | $7,500 | Christmas Savings | |
| 0.20% | - | $7,500 | Tax Savings | |
| 0.20% | $25 | - | Prime Club Savings | |
| 0.10% | $25 | - | Regular Savings | |
| 0.10% | $25 | - | Xtreme Savings | |
| 0.10% | $25 | - | Greenkids Savings | |
| 0.10% | - | - | Special Savings |
Kinetic Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $50k | - | Money Market Account |
Kinetic Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.00% | - | $5k | Smart Rate Checking | |
| 0.30% | $20k | - | Rewards Checking |
Kinetic Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.80% | $500 | - | 24 Month Prime Club Monthly CD | |
| 0.80% | $500 | - | 24 Month Prime Club Quarterly CD | |
| 0.80% | $500 | - | 30 Month Prime Club Monthly CD | |
| 0.80% | $500 | - | 30 Month Prime Club Quarterly CD | |
| 0.75% | $500 | - | 18 Month Prime Club Monthly CD | |
| 0.75% | $500 | - | 18 Month Prime Club Quarterly CD | |
| 0.65% | $500 | - | 24 Month Quarterly CD | |
| 0.65% | $500 | - | 30 Month Quarterly CD | |
| 0.65% | $500 | - | 24 Month Monthly CD | |
| 0.65% | $500 | - | 30 Month Monthly CD | |
| 0.65% | $500 | - | 12 Month Prime Club Monthly CD | |
| 0.65% | $500 | - | 12 Month Prime Club Quarterly CD | |
| 0.60% | $500 | - | 18 Month Quarterly CD | |
| 0.60% | $500 | - | 18 Month Monthly CD | |
| 0.50% | $500 | - | 12 Month Quarterly CD | |
| 0.50% | $500 | - | 12 Month Monthly CD | |
| 0.30% | $500 | - | 6 Month Prime Club Monthly CD | |
| 0.30% | $500 | - | 6 Month Prime Club Quarterly CD | |
| 0.25% | $500 | - | 3 Month Prime Club Monthly CD | |
| 0.25% | $500 | - | 3 Month Prime Club Quarterly CD | |
| 0.15% | $500 | - | 6 Month Quarterly CD | |
| 0.15% | $500 | - | 6 Month Monthly CD | |
| 0.10% | $500 | - | 3 Month Quarterly CD | |
| 0.10% | $500 | - | 3 Month Monthly CD |
Kinetic Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.65% | $500 | - | 24 Month IRA (Traditional,Roth) | |
| 0.65% | $500 | - | 30 Month IRA (Traditional,Roth) | |
| 0.60% | $500 | - | 18 Month IRA (Traditional,Roth) | |
| 0.50% | $500 | - | 12 Month IRA (Traditional,Roth) | |
| 0.15% | $500 | - | 6 Month IRA (Traditional,Roth) | |
| 0.10% | $500 | - | 3 Month IRA (Traditional,Roth) |
| Kinetic Credit Union Locations | ||
|---|---|---|
| Branch Office | 1807 S Lumpkin Rd Ste D | Columbus, GA 31903-2794 |
| Branch Office | 3722 US Highway 431 N | Phenix City, AL 36867 |
| Branch Office | 1251 13th St | Columbus, GA 31901-2227 |
| Branch Office | 7300 Veterans Pkwy | Columbus, GA 31909-3198 |
| Branch Office | 4811 Bankers Blvd | Columbus, GA 31909-5359 |
| Branch Office | 8801 Macon Rd | Midland, GA 31820-4117 |
| Branch Office | 4105 Buena Vista Rd | Columbus, GA 31907-3859 |
| Branch Office | 6579 Eckel Ave | Columbus, GA 31905-3796 |