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Overview / Commentary
740-389-9960
300 Barks Road East
Marion, OH 43302

Marion Community Credit Union is headquartered in MARION and is the 89th largest credit union in the state of Ohio. It is also the 2,142nd largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 21 employees and 8,250 members. Marion Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Anyone who lives, works or studies (must be a full-time student) in the Marion or Morrow Counties can be a member of the Marion Community Credit Union. Anyone who has an immediate family member who is a member of the credit union can also join. - See Details

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Health

Data for Q1 2014

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. Marion Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Marion Community Credit Union had $210,000 in non-current loans and owned real-estate with $5.79 million in equity and loan loss allowances on hand to cover it. This gives Marion Community Credit Union a Texas Ratio of 3.63% 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 Marion Community Credit Union decreased dramatically from 6.24% as of March 31, 2013 to 3.63% as of March 31, 2014, resulting in a positive change of 41.86%.This indicates that the balance sheet and financial strength for Marion Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Marion Community Credit Union has decreased its total deposits by -$1.33 million, resulting in -2.49% 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 Marion Community Credit Union has shown is average.

Capitalization

GRADE:
B

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. Marion Community Credit Union has $58.02 million in assets with $5.79 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
NCUA #61324
Year Chartered1960
Employees21
Primary Regulator
Assets and Liabilities
Assets$58.02 million
Loans$30.27 million
Deposits$52.24 million
Equity Capital$5.49 million
Loan Loss Allowance$304,000
Unbacked Noncurrent Loans$164,000
Real Estate Owned$46,000
Historic Data - March 2013
Assets$59.89 million
Equity Capital$6.13 million
Loan Loss Allowance$350,000
Unbacked Noncurrent Loans$164,000
Real Estate Owned$8,000
Profit Margin - Quarterly
Return on Assets0.23%
Return on Equity2.48%
Interest Income$442,000
Rates

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

Marion Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--HSA
0.25%--Educational IRA Share
0.25%--Roth IRA Share
0.25%--Traditional IRA Share
0.08%--Kids Club Savings
0.08%--Teen Club Savings
0.08%$100-Regular Share / Savings
0.06%--Christmas Club
0.06%--Vacation Club
0.05%--Organizational Shares

Marion Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Variable Money Market

Marion Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Business Plus Checking
0.05%--Share Draft / Checking

Marion Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month Share Certificate
0.80%$1k-48 - 59 Month Share Certificate
0.50%$1k-36 - 47 Month Share Certificate
0.45%$1k-24 - 35 Month Share Certificate
0.25%$1k-12 - 23 Month Share Certificate
0.25%$500-Youth Certificate

Marion Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Month IRA Certificate
0.80%$1k-48 - 59 Month IRA Certificate
0.50%$1k-36 - 47 Month IRA Certificate
0.45%$1k-24 - 35 Month IRA Certificate
0.25%$1k-12 - 23 Month IRA Certificate
Locations


Marion Community Credit Union Locations
Branch Office810 KENTON AVEMARION, OH 43302
Branch Office300 BARKS RD EMARION, OH 43302