May Plant Credit Union

May Plant Credit Union is headquartered in LUGOFF and is the 18^st largest credit union in the state of South Carolina. It is also the 1,478^th largest credit union in the nation. It was established in 1961 and as of December of 2011, it had grown to 29 employees and 13,345 members. May Plant Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

May Plant Credit Union Routing Number: 253279471

May Plant Credit Union Savings Account Rates

May Plant Credit Union CD Rates

May Plant Credit Union IRA Rates

Data for Q4 2011

Institution Statistics MAY PLANT NCUA # 60735 BankRate Report View Year Chartered 1961 Employees 29 Primary Regulator Assets and Liabilities Assets $94.67 million Loans $50.02 million Deposits $78.25 million Equity Capital $15.98 million Loan Loss Allowance $460,000 Unbacked Noncurrent Loans $340,000 Historic Data - December 2010 Assets $93.21 million Equity Capital $16.40 million Loan Loss Allowance $495,000 Unbacked Noncurrent Loans $359,000 Real Estate Owned $107,000 Profit Margin - Quarterly Net Interest Margin 5.06% Return on Assets 0.1% Return on Equity 0.61% Interest Income $3.24 million Non-Interest Income $1.06 million

Institution Health Overall Score: 5 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 May Plant Credit Union had $340,000 in non-current loans and owned real-estate with $16.43 million in equity and loan loss allowances on hand to cover it. This gives May Plant Credit Union a Texas Ratio of 2.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for May Plant Credit Union decreased slightly from 2.76% as of December 31, 2010 to 2.07% as of December 31, 2011, resulting in a positive change of 25.00%.This indicates that the balance sheet and financial strength for May Plant Credit Union has improved slightly in recent periods. Deposit Growth In the past year, May Plant Credit Union has increased its total deposits by $2.1 million, resulting in 2.76% 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 May Plant Credit Union has shown is above average. 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. May Plant Credit Union has $94.67 million in assets with $16.43 million in equity, resulting in a capitalization level of 17.36%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.