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Overview / Commentary
816-361-4194
9300 Troost Ave
Kansas City, MO 64131

Mazuma Credit Union is headquartered in KANSAS CITY and is the 5th largest credit union in the state of Missouri. It is also the 459th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 166 employees and 53,512 members. Mazuma Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in Jackson, Cass or Clay county. Also open to employees of the Federal Government or several Select Employer Groups. - See Details

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Reviews (1)

Disappointed

Very disappointed. I changed to them for my car loan and it only took two weeks before I closed it. It was the worst customer service I have ever seen. I had a women tell me that the fact I can't see my money is not her problem I will never recommend banking here to any one.



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 Mazuma Credit Union had $8.61 million in non-current loans and owned real-estate with $44.23 million in equity and loan loss allowances on hand to cover it. This gives Mazuma Credit Union a Texas Ratio of 19.46% 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 Mazuma Credit Union decreased slightly from 24.50% as of December 31, 2012 to 19.46% as of December 31, 2013, resulting in a positive change of 20.59%.This indicates that the balance sheet and financial strength for Mazuma Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Mazuma Credit Union has increased its total deposits by $1.11 million, resulting in 0.26% 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 Mazuma Credit Union has shown is above average.

Capitalization

GRADE:
C+

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. Mazuma Credit Union has $470.81 million in assets with $44.23 million in equity, resulting in a capitalization level of 9.40%, which is average.

Institution Statistics

Overall
NCUA #64084
Year Chartered1948
Employees166
Primary Regulator
Assets and Liabilities
Assets$470.81 million
Loans$304.08 million
Deposits$421.68 million
Equity Capital$38.45 million
Loan Loss Allowance$5.79 million
Unbacked Noncurrent Loans$6.28 million
Real Estate Owned$2.33 million
Historic Data - December 2012
Assets$476.57 million
Equity Capital$43.88 million
Loan Loss Allowance$7.19 million
Unbacked Noncurrent Loans$6.28 million
Real Estate Owned$1.15 million
Profit Margin - Quarterly
Net Interest Margin5.1%
Return on Assets0.68%
Return on Equity8.36%
Interest Income$16.91 million
Rates

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

Mazuma Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.14%$10k-Regular Savings Account
0.14%$10k-IRA Share
0.14%$10k-Roth IRA Share
0.14%$10k-Education IRA Share

Mazuma Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.41%$100k-Money Market Account

Mazuma Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$5k-Premier Checking Account
0.06%$1k-Signature Checking Account
0.00%--Classic Checking Account

Mazuma Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%$25k-5 Year Premier CD
1.66%$10k-5 Year Signature CD
1.56%$500-5 Year Classic CD
1.40%$25k-4 Year Premier CD
1.35%$10k-4 Year Signature CD
1.25%$500-2 Year Classic CD
1.25%$500-4 Year Classic CD
1.25%$10k-2 Year Signature CD
1.25%$25k-2 Year Premier CD
1.25%$5k-2 Year Jump Up CD
1.25%$5k-2 Year Deposit CD
1.10%$25k-3 Year Premier CD
1.05%$10k-3 Year Signature CD
0.95%$500-3 Year Classic CD
0.95%$5k-3 Year Jump Up CD
0.95%$100$5k3 Year Young Investor CD
0.95%$5k-3 Year Deposit CD
0.75%$25k-1 Year Premier CD
0.70%$10k-1 Year Signature CD
0.60%$500-1 Year Classic CD
0.60%$100-1 Year Wealth Builder CD
0.40%$500-6 Month Classic CD
0.16%$500-3 Month Classic CD

Mazuma Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.71%$25k-5 Year Premier IRA (Traditional,Roth,CESA)
1.66%$10k-5 Year Signature IRA (Traditional,Roth,CESA)
1.56%$500-5 Year Classic IRA (Traditional,Roth,CESA)
1.40%$25k-4 Year Premier IRA (Traditional,Roth,CESA)
1.35%$10k-4 Year Signature IRA (Traditional,Roth,CESA)
1.25%$500-2 Year Classic IRA (Traditional,Roth,CESA)
1.25%$500-4 Year Classic IRA (Traditional,Roth,CESA)
1.25%$10k-2 Year Signature IRA (Traditional,Roth,CESA)
1.25%$25k-2 Year Premier IRA (Traditional,Roth,CESA)
1.10%$25k-3 Year Premier IRA (Traditional,Roth,CESA)
1.05%$10k-3 Year Signature IRA (Traditional,Roth,CESA)
0.95%$500-3 Year Classic IRA (Traditional,Roth,CESA)
0.75%$25k-1 Year Premier IRA (Traditional,Roth,CESA)
0.70%$10k-1 Year Signature IRA (Traditional,Roth,CESA)
0.60%$500-1 Year Classic IRA (Traditional,Roth,CESA)
0.40%$500-6 Month Classic IRA (Traditional,Roth,CESA)
0.16%$500-3 Month Classic IRA (Traditional,Roth,CESA)
Locations


Mazuma Credit Union Locations
Branch Office4001 Blue Pkwy Ste 100Kansas City, MO 64130-2350
Branch Office1500 E Bannister RdKansas City, MO 64131-3203
Branch Office301 NW Englewood RdGladstone, MO 64118-4024
Branch Office601 E 12th St Ste N149Kansas City, MO 64106-2808
Branch Office615 W Foxwood DrRaymore, MO 64083-9194
Branch Office260 NW Oldham PkwyLees Summit, MO 64081-1520
Branch Office1155 NE Douglas StLees Summit, MO 64086-4603
Branch Office333 W Pershing Rd # PO137Kansas City, MO 64108-4302
Branch Office9300 Troost AveKansas City, MO 64131