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Overview / Commentary
907-745-4891
1020 S Bailey St
Palmer, AK 99645-6924

Matanuska Valley Credit Union is headquartered in Palmer and is the 4th largest credit union in the state of Alaska. It is also the 552nd largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 135 employees and 38,725 members. Matanuska Valley Credit Union's savings rates are 92% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Anyone living in, or working within, the Mat-Su Borough or the Matanuska Electric Association service area can join MVFCU. This includes Eagle River, Chugiak, Birchwood, and Eklutna. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Matanuska Valley Credit Union had $2.81 million in non-current loans and owned real-estate with $44.19 million in equity and loan loss allowances on hand to cover it. This gives Matanuska Valley Credit Union a Texas Ratio of 6.36% 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 Matanuska Valley Credit Union decreased dramatically from 9.24% as of March 31, 2013 to 6.36% as of March 31, 2014, resulting in a positive change of 31.14%.This indicates that the balance sheet and financial strength for Matanuska Valley Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Matanuska Valley Credit Union has increased its total deposits by $16 million, resulting in 4.74% 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:
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. Matanuska Valley Credit Union has $398.3 million in assets with $44.19 million in equity, resulting in a capitalization level of 11.10%, which is excellent.

Institution Statistics

Overall
NCUA #5924
Year Chartered1948
Employees135
Primary Regulator
Assets and Liabilities
Assets$398.30 million
Loans$204.08 million
Deposits$353.40 million
Equity Capital$43.30 million
Loan Loss Allowance$899,000
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$1.64 million
Historic Data - March 2013
Assets$380.53 million
Equity Capital$41.12 million
Loan Loss Allowance$1.80 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$1.69 million
Profit Margin - Quarterly
Return on Assets0.86%
Return on Equity7.93%
Interest Income$3.53 million
Rates

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

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 Locations
Branch Office1020 S Bailey StPalmer, AK 99645-6924
Branch Office664 W Evergreen AvePalmer, AK 99645
Branch Office1020 S Bailey StPalmer, AK 99645-6924
Branch Office445 N Pittman RdWasilla, AK 99623-0849
Branch Office3651 E Meridian LoopWasilla, AK 99654
Branch Office1020 S Bailey StPalmer, AK 99645-6924
Branch Office1020 S Bailey StPalmer, AK 99645-6924
Branch Office501 N Main StWasilla, AK 99654
Branch Office1020 S Bailey StPalmer, AK 99645-6924
Branch Office11800 Business BlvdEagle River, AK 99577