Average User Rating:
1 star rating based on 1 review.

Marine Credit Union

PO box 309
Fond du Lac, WI 54936
(800) 923.7280
www.marinecu.com

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Marine Credit Union is headquartered in ONALASKA and is the 12^st largest credit union in the state of Wisconsin. It is also the 461^st largest credit union in the nation. It was established in 1949 and as of December of 2011, it had grown to 256 employees and 57,432 members. Marine Credit Union has a 4-star health rating.

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

Marine Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$1k	-	Totally Checking w/interest

Marine Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	IRA Share Savings
0.25%	-	-	Roth IRA Share Savings
0.25%	-	-	CESA Share Savings
0.10%	-	-	Share Savings
0.10%	-	-	Christmas Savings
0.10%	-	-	Vacation Savings

Marine Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.35%	$25k	-	Money-Market

Marine Credit Union CD Rates

Apy	Min	Max	Product
1.71%	$1k	-	60 Month CD
1.51%	$1k	-	48 Month CD
1.10%	$1k	-	36 Month CD
1.05%	$1k	-	30 Month CD
0.85%	$1k	-	24 Month CD
0.65%	$1k	-	18 Month CD
0.55%	$1k	-	12 Month CD
0.35%	$1k	-	6 Month CD
0.20%	$1k	-	3 Month CD

Marine Credit Union IRA Rates

Apy	Min	Max	Product
1.81%	$1k	-	60 Month IRA
1.81%	$1k	-	60 Month Roth IRA
1.81%	$1k	-	60 Month CESA
1.61%	$1k	-	48 Month IRA
1.61%	$1k	-	48 Month Roth IRA
1.61%	$1k	-	48 Month CESA
1.21%	$1k	-	36 Month IRA
1.21%	$1k	-	36 Month Roth IRA
1.21%	$1k	-	36 Month CESA
1.15%	$1k	-	30 Month IRA
1.15%	$1k	-	30 Month Roth IRA
1.15%	$1k	-	30 Month CESA
0.95%	$1k	-	24 Month IRA
0.95%	$1k	-	24 Month Roth IRA
0.95%	$1k	-	24 Month CESA
0.75%	$1k	-	18 Month IRA
0.75%	$1k	-	18 Month Roth IRA
0.75%	$1k	-	18 Month CESA
0.65%	$1k	-	12 Month IRA
0.65%	$1k	-	12 Month Roth IRA
0.65%	$1k	-	12 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

MARINE
NCUA #	66752
BankRate Report	View
Year Chartered	1949
Employees	256
Primary Regulator
Assets and Liabilities
Assets	$426.03 million
Loans	$320.51 million
Deposits	$368.51 million
Equity Capital	$34.02 million
Loan Loss Allowance	$9.35 million
Unbacked Noncurrent Loans	$7.03 million
Real Estate Owned	$3.20 million
Historic Data - December 2010
Assets	$416.22 million
Equity Capital	$30.97 million
Loan Loss Allowance	$9.78 million
Unbacked Noncurrent Loans	$7.99 million
Real Estate Owned	$2.77 million
Profit Margin - Quarterly
Net Interest Margin	6.48%
Return on Assets	0.91%
Return on Equity	11.39%
Interest Income	$23.53 million
Non-Interest Income	$13.32 million

Institution Health

Overall Score:

4 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 Marine Credit Union had $10.24 million in non-current loans and owned real-estate with $43.36 million in equity and loan loss allowances on hand to cover it. This gives Marine Credit Union a Texas Ratio of 23.60% 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 Marine Credit Union held steady from 26.41% as of December 31, 2010 to 23.60% as of December 31, 2011, resulting in a positive change of 10.64%.This indicates that the balance sheet and financial strength for Marine Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Marine Credit Union has increased its total deposits by $27.34 million, resulting in 8.01% 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 Marine 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. Marine Credit Union has $426.03 million in assets with $43.36 million in equity, resulting in a capitalization level of 10.18%, which is above average.

Bank And Credit Card
1 stars

- daelanedc - Friday, April 27, 2012 - 12:57 PM

I've had nothing but a horrible experience with this bank! I had a credit card and they posted online that I had no balance and stopped sending me statements for four months, in the fifth month I got a 2nd notice (did not receive a first notice) (also they had the correct mailling address in their system and I never moved) that I have a past due account and I haven't been making my payments. So I got overdue fees and they messed with my credit. On the bank end the website more then half the time doesnt work because of maintence problems and your money doesnt always transfer when it should! Horrible experience with people not willing to help either! Would never reccomend!