Memphis Area Teacher's CU

7845 Highway 64
Memphis, TN 38133
800-532-9025
www.matcu.com
 

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0.50% Reward Checking Account at Memphis Area Teacher's Credit Union - 6/11/2008

Update 9/07/09: The top yield has fallen to 0.50% APY. See bottom of post for the rate history.Memphis Area Teacher's CU is offering a reward checking account that pays 0.50% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees if the...


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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

ApyMinMaxProduct
0.25%$25k-High-Yield Checking
0.05%$250-Checking

Savings Accounts

ApyMinMaxProduct
0.50%--Roth IRA Share Account
0.50%--Coverdell Education Savings Account
0.50%--Traditional IRA Share Account
0.25%$100k-Miscellaneous Shares
0.25%$100k-Christmas Club
0.25%$100k-Summer Savings Account
0.20%$100k-Primary Share Accounts

Money Market Accounts

ApyMinMaxProduct
0.50%$100k-Money Market

Certificates of Deposit

ApyMinMaxProduct
1.95%$500-60 Month CD Share Certificate
1.76%$500-48 Month CD
1.10%$500-36 Month CD Share Certificate
1.00%$500-24 Month CD Share Certificate
0.70%$500-12 Month CD Share Certificate
0.30%$500-6 Month CD Share Certificate

IRA Accounts

ApyMinMaxProduct
2.27%$500-60 Month Roth IRA Share Certificate
2.27%$500-60 Month IRA Share Certificate
2.27%$500-60 Month Coverdell Educational IRA Share Certificate
1.40%$500-36 Month Roth IRA Share Certificate
1.40%$500-36 Month IRA Share Certificate
1.40%$500-36 Month Coverdell Educational IRA Share Certificate
1.00%$500-24 Month Roth IRA Share Certificate
1.00%$500-24 Month IRA Share Certificate
1.00%$500-24 Month Coverdell Educational IRA Share Certificate
0.70%$500-12 Month Roth IRA Share Certificate
0.70%$500-12 Month IRA Share Certificate
0.70%$500-12 Month Coverdell Educational IRA Share Certificate

Institution Statistics


NCUA #60117
BankRate ReportView
Year Established1957
Employees139
Primary Regulator

Assets and Liabilities

Assets$526.80 million
Loans$203.98 million
Deposits$436.76 million
Equity Capital$51.80 million
Loan Loss Allowance$13.20 million
Unbacked Noncurrent Loans$12.74 million
Real Estate Owned$617,000

Historic Data - March 2009

Assets$545.26 million
Equity Capital$51.65 million
Loan Loss Allowance$8.47 million
Unbacked Noncurrent Loans$2.57 million

Profit Margin - Quarterly

Net Interest Margin1.67%
Return on Assets1.37%
Return on Equity13.91%
Interest Income$5.38 million
Non-Interest Income$1.82 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio4
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 March 1, 2010 Memphis Area Teacher's CU had $13.35 million in non-current loans and owned real-estate with $64.99 million in equity and loan loss allowances on hand to cover it. This gives Memphis Area Teacher's CU a Texas Ratio of 20.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend0
The Texas Ratio for Memphis Area Teacher's CU increased dramatically from 4.28% as of March 1, 2009 to 20.55% as of March 1, 2010, resulting in a negative change of 380.14%. This indicates that the balance sheet and financial strength for Memphis Area Teacher's CU has declined dramatically in recent periods.
Deposit Growth3
In the past year, Memphis Area Teacher's CU has decreased it's total deposits by -$14.79 million, resulting in -3.27% 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 Memphis Area Teacher's CU has shown is average.
Capitalization3
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. Memphis Area Teacher's CU has $526.8 million in assets with $64.99 million in equity, resulting in a capitalization level of 12.34%, which is average.
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