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Overview / Commentary
718-335-1300
56-18 69th Street
Maspeth, NY 11378

Maspeth Federal Savings & Loan Association began operations in 1947 as a federally chartered savings and loan association. Throughout its history, Maspeth Federal has concentrated its operations in Queens & Western Nassau Counties, New York and has operated as a traditional savings and loan association.

Reviews (1)

Great Little Bank.

Savings and checking rates here have been consistently competitive and the fees are the lowest that I've seen at any bank or credit union. ATM access more than makes up for the limited number of branches.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 Maspeth Federal Savings had $80.44 million in non-current loans and owned real-estate with $528.86 million in equity and loan loss allowances on hand to cover it. This gives Maspeth Federal Savings a Texas Ratio of 15.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Maspeth Federal Savings decreased slightly from 20.15% as of December 31, 2012 to 15.21% as of December 31, 2013, resulting in a positive change of 24.53%.This indicates that the balance sheet and financial strength for Maspeth Federal Savings has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Maspeth Federal Savings has decreased its total deposits by -$29.67 million, resulting in -2.4% 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 Maspeth Federal Savings has shown is 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. Maspeth Federal Savings has $1.74 billion in assets with $528.86 million in equity, resulting in a capitalization level of 30.43%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30303
Year Established1947
Employees220
Primary RegulatorOCC
Assets and Liabilities
Assets$1.74 billion
Loans$1.52 billion
Deposits$1.21 billion
Equity Capital$509.41 million
Loan Loss Allowance$19.45 million
Unbacked Noncurrent Loans$75.79 million
Real Estate Owned$4.65 million
Historic Data - December 2012
Assets$1.74 billion
Equity Capital$482.73 million
Loan Loss Allowance$18.16 million
Unbacked Noncurrent Loans$75.79 million
Real Estate Owned$4.11 million
Profit Margin - Quarterly
Net Interest Margin4.46%
Return on Assets1.44%
Return on Equity5.06%
Interest Income$80.06 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Maspeth Federal Savings, we are a rate comparison website and can not provide official rates or promotions.

Maspeth Federal Savings Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$250-Passbook Savings
0.35%$250-Statement Savings
0.35%--Vacation Club
0.35%--Holiday Club
0.35%--Young Savers Club

Maspeth Federal Savings Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$2,500-Money Market

Maspeth Federal Savings Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--NOW Checking

Maspeth Federal Savings CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$2,500-60 Month CD
0.75%$2,500-24 Month CD
0.60%$1,500-18 Month CD
0.50%$1,500-12 Month CD
0.40%$1,500-9 Month CD
0.35%$1,500-6 Month CD

Maspeth Federal Savings IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$2k-60 Month IRA (Traditional,Roth,CESA)
0.75%$2k-24 Month IRA (Traditional,Roth,CESA)
0.60%$40-18 Month Wild Card IRA (Traditional,Roth,CESA)
0.50%$1,500-12 Month IRA (Traditional,Roth,CESA)
0.40%$1,500-9 Month IRA (Traditional,Roth,CESA)
0.35%$1,500-6 Month IRA (Traditional,Roth,CESA)
Locations


Maspeth Federal Savings Locations
101-09 Metropolitan Ave Branch101-09 Metropolitan AveNew York City, NY 11375
185-18 Horace Harding Expy Branch185-18 Horace Harding ExpyNew York City, NY 11365
Maspeth Federal Savings and Loan Association56-18 69th StMaspeth, NY 11378
64-19 Woodhaven Blvd Branch64-19 Woodhaven BlvdNew York City, NY 11374
Ridgewood Branch66-60 Fresh Pond RoadRidgewood, NY 11385
801 Jericho Turnpike Branch801 Jericho TurnpikeNew Hyde Park, NY 11040