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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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.
Data for Q4 2013
Institution Health
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, 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
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
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
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 Chartered | 1948 |
| Employees | 166 |
| 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 Margin | 5.1% |
| Return on Assets | 0.68% |
| Return on Equity | 8.36% |
| Interest Income | $16.91 million |
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Mazuma Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.41% | $100k | - | Money Market Account |
Mazuma Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.08% | $5k | - | Premier Checking Account | |
| 0.06% | $1k | - | Signature Checking Account | |
| 0.00% | - | - | Classic Checking Account |
Mazuma Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 | $5k | 3 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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) |
| Mazuma Credit Union Locations | ||
|---|---|---|
| Branch Office | 4001 Blue Pkwy Ste 100 | Kansas City, MO 64130-2350 |
| Branch Office | 1500 E Bannister Rd | Kansas City, MO 64131-3203 |
| Branch Office | 301 NW Englewood Rd | Gladstone, MO 64118-4024 |
| Branch Office | 601 E 12th St Ste N149 | Kansas City, MO 64106-2808 |
| Branch Office | 615 W Foxwood Dr | Raymore, MO 64083-9194 |
| Branch Office | 260 NW Oldham Pkwy | Lees Summit, MO 64081-1520 |
| Branch Office | 1155 NE Douglas St | Lees Summit, MO 64086-4603 |
| Branch Office | 333 W Pershing Rd # PO137 | Kansas City, MO 64108-4302 |
| Branch Office | 9300 Troost Ave | Kansas City, MO 64131 |