Merco Credit Union

1911 M Street
Merced, CA 95344
(800) 273-4993
www.merco.org

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Merco Credit Union is headquartered in Merced and is the 167^th largest credit union in the state of California. It is also the 1,695^th largest credit union in the nation. It was established in 1966 and as of December of 2012, it had grown to 27 employees and 10,735 members. Merco Credit Union has a 5-star health rating.

Merco Credit Union Routing Number: 321173386

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See Rates for: Checking | Savings | CD | IRA

Merco Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%	$500	-	Checking Account
0.05%	$500	-	Business Checking
0.05%	$500	-	Summit Checking

Merco Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%	$50k	-	Premier Money Management Account
0.12%	$8k	-	Summit Savings
0.12%	$7,500	-	Classic Money Management Account
0.10%	-	-	Holiday Club Account
0.10%	$500	-	IRA Savings Account
0.10%	$500	-	Coverdell Education Savings Account
0.10%	$500	-	Roth IRA Savings Account
0.05%	$100	-	Regular Savings Account
0.05%	-	-	Youth Savings

Merco Credit Union CD Rates

Apy	Min	Max	Product
0.90%	$2,500	-	5 Year Money Fund Share Certificate
0.30%	$2,500	-	2 Year Share Certificate
0.30%	$2,500	-	30 Month Mini-Fund Share Certificate
0.20%	$2,500	-	1 Year Share Certificate
0.15%	$1k	-	6 Month Share Certificate
0.15%	$2,500	-	9 Month Share Certificate

Merco Credit Union IRA Rates

Apy	Min	Max	Product
0.95%	$2,500	-	5 Year Money Fund IRA Certificate
0.95%	$2,500	-	5 Year Money Fund Roth IRA Certificate
0.95%	$2,500	-	5 Year Money Fund Coverdell ESA Certificate
0.35%	$2,500	-	2 Year IRA Certificate
0.35%	$2,500	-	30 Month Mini-Fund IRA Certificate
0.35%	$2,500	-	2 Year Roth IRA Certificate
0.35%	$2,500	-	30 Month Mini-Fund Roth IRA Certificate
0.35%	$2,500	-	2 Year Coverdell ESA Certificate
0.35%	$2,500	-	30 Month Mini-Fund Coverdell ESA Certificate
0.25%	$2,500	-	1 Year IRA Certificate
0.25%	$2,500	-	1 Year Roth IRA Certificate
0.25%	$2,500	-	1 Year Coverdell ESA Certificate
0.20%	$1k	-	6 Month IRA Certificate
0.20%	$2,500	-	9 Month IRA Certificate
0.20%	$1k	-	6 Month Roth IRA Certificate
0.20%	$2,500	-	9 Month Roth IRA Certificate
0.20%	$1k	-	6 Month Coverdell ESA Certificate
0.20%	$2,500	-	9 Month Coverdell ESA Certificate

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

MERCO
NCUA #	64766
BankRate Report	View
Year Chartered	1966
Employees	27
Primary Regulator
Assets and Liabilities
Assets	$81.45 million
Loans	$36.47 million
Deposits	$74.25 million
Equity Capital	$6.67 million
Loan Loss Allowance	$679,000
Unbacked Noncurrent Loans	$170,000
Historic Data - December 2011
Assets	$76.74 million
Equity Capital	$5.70 million
Loan Loss Allowance	$1.11 million
Unbacked Noncurrent Loans	$288,000
Real Estate Owned	$129,000
Profit Margin - Quarterly
Net Interest Margin	7.12%
Return on Assets	1.18%
Return on Equity	14.43%
Interest Income	$3.08 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, 2012 Merco Credit Union had $170,000 in non-current loans and owned real-estate with $7.35 million in equity and loan loss allowances on hand to cover it. This gives Merco Credit Union a Texas Ratio of 2.31% 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 Merco Credit Union decreased significantly from 6.12% as of December 31, 2011 to 2.31% as of December 31, 2012, resulting in a positive change of 62.19%.This indicates that the balance sheet and financial strength for Merco Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Merco Credit Union has increased its total deposits by $3.68 million, resulting in 5.22% 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 Merco Credit Union has shown is excellent.
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. Merco Credit Union has $81.45 million in assets with $7.35 million in equity, resulting in a capitalization level of 9.02%, which is average.

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