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Overview / Commentary
907-745-4891
1020 S Bailey St
Palmer, AK 99645

Matanuska Valley Credit Union is headquartered in Palmer and is the 4th largest credit union in the state of Alaska. It is also the 537th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 136 employees and 38,353 members. Matanuska Valley Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live or work within the Mat-Su Borough or the Matanuska Electric Association service area (this includes Eagle River, Chugiak, Birchwood, and Eklutna). - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Matanuska Valley Credit Union had $3.79 million in non-current loans and owned real-estate with $43.08 million in equity and loan loss allowances on hand to cover it. This gives Matanuska Valley Credit Union a Texas Ratio of 8.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Matanuska Valley Credit Union experienced no significant changes from 9.21% as of December 31, 2012 to 8.81% as of December 31, 2013, resulting in a positive change of 4.33%.This indicates that the balance sheet and financial strength for Matanuska Valley Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Matanuska Valley Credit Union has increased its total deposits by $13.03 million, resulting in 3.86% 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 Matanuska Valley Credit Union has shown is excellent.

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. Matanuska Valley Credit Union has $395.08 million in assets with $43.08 million in equity, resulting in a capitalization level of 10.90%, which is above average.

Institution Statistics

Overall
NCUA #5924
Year Chartered1948
Employees136
Primary Regulator
Assets and Liabilities
Assets$395.08 million
Loans$198.75 million
Deposits$351.09 million
Equity Capital$42.15 million
Loan Loss Allowance$929,000
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$1.76 million
Historic Data - December 2012
Assets$381.26 million
Equity Capital$40.81 million
Loan Loss Allowance$1.74 million
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$1.70 million
Profit Margin - Quarterly
Net Interest Margin5.39%
Return on Assets0.82%
Return on Equity7.66%
Interest Income$13.72 million
Rates

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Matanuska Valley Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$50-Christmas Club
0.10%$25-Share Savings
0.10%$25-IRA Shares

Matanuska Valley Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$2k-Money Market Shares

Matanuska Valley Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2k-Share Draft

Matanuska Valley Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%$400-5 Year Share Certificate
1.36%$400-4 Year Share Certificate
1.10%$400-3 Year Share Certificate
0.70%$400-2 Year Share Certificate
0.40%$400-1 Year Share Certificate
0.30%$400-6 Month Share Certifcate

Matanuska Valley Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.71%$400-5 Year IRA Certificate
1.36%$400-4 Year IRA Certificate
1.10%$400-3 Year IRA Certificate
0.70%$400-2 Year IRA Certificate
0.40%$400-1 Year IRA Certificate
0.30%$400-6 Month IRA Certifcate
Locations

Matanuska Valley Credit Union has 11 locations. Click to view all Matanuska Valley Credit Union locations.