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609-426-6500
120 Windsor Center Dr
East Windsor, NJ 08520

McGraw Hill Credit Union is headquartered in East Windsor and is the 8th largest credit union in the state of New Jersey. It is also the 680th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 49 employees and 20,143 members. McGraw Hill Credit Union has a A+ health rating.

Field of Membership Restrictions

Must be an employee of McGraw-Hill Company or several other businesses or a member of various organizations. - See Details

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Top CD Rates at McGraw-Hill Federal Credit Union - Easy Membership - 10/31/2013

McGraw-Hill Federal Credit Union is once again offering CD specials with top rates. Just like last year, there’s a special 15-month share certificate with a 1.50% APY. There’s also a special 5-year CD ...



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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 McGraw Hill Credit Union had $1.89 million in non-current loans and owned real-estate with $38.22 million in equity and loan loss allowances on hand to cover it. This gives McGraw Hill Credit Union a Texas Ratio of 4.96% 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 McGraw Hill Credit Union experienced no significant changes from 2.87% as of March 31, 2013 to 4.96% as of March 31, 2014, resulting in a negative change of 72.60%. This indicates that the balance sheet and financial strength for McGraw Hill Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, McGraw Hill Credit Union has increased its total deposits by $10.33 million, resulting in 3.93% 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 McGraw Hill 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. McGraw Hill Credit Union has $311.52 million in assets with $38.22 million in equity, resulting in a capitalization level of 12.27%, which is excellent.

Institution Statistics

Overall
NCUA #861
Year Chartered1935
Employees49
Primary Regulator
Assets and Liabilities
Assets$311.53 million
Loans$195.54 million
Deposits$272.90 million
Equity Capital$36.98 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.77 million
Real Estate Owned$128,000
Historic Data - March 2013
Assets$311.90 million
Equity Capital$40.97 million
Loan Loss Allowance$1.80 million
Unbacked Noncurrent Loans$1.77 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.96%
Return on Assets0.02%
Return on Equity0.17%
Interest Income$2.65 million
Rates

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

McGraw Hill Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Savings Account
0.10%--Traditional Holiday Club
0.10%--IRA Savings
0.10%--Roth IRA Savings
0.10%--CESA Savings

McGraw Hill Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$250k-Money Market Account
0.25%$250k-Premium IRA - Standard
0.25%$250k-Premium Roth IRA - Standard
0.25%$250k-Premium CESA - Standard

McGraw Hill Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$250k-The S3 Account - Qualifying
0.25%$500k-My Choice: High Yield Checking
0.05%$500-Interest Checking
0.05%$500-50+ Checking

McGraw Hill Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$10k-60 Month CD
1.25%$10k-48 Month CD
1.10%$500-30 Month Bump Up CD
1.00%$10k-36 Month CD
0.75%$10k-24 Month CD
0.60%$10k-18 Month CD
0.50%$10k-12 Month CD
0.35%$10k-9 Month CD
0.25%$10k-6 Month CD
0.15%$1k-3 Month CD

McGraw Hill Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$10k-60 Month IRA
1.25%$10k-48 Month IRA
1.10%$500-30 Month Bump Up IRA
1.00%$10k-36 Month IRA
0.75%$10k-24 Month IRA
0.60%$10k-18 Month IRA
0.50%$10k-12 Month IRA
0.35%$10k-9 Month IRA
0.25%$10k-6 Month IRA
Locations


McGraw Hill Credit Union Locations
Branch Office2 Penn Plz 12th FlNew York, NY 10121
Branch Office1221 6th Ave 2nd FloorNew York, NY 10020
Branch Office120 Windsor Center DrEast Windsor, NJ 08520
Branch Office1500 Spring Garden StPhiladelphia, PA 19130
Branch Office22 Kimberly RdEast Brunswick, NJ 08816