Metro Credit Union

200 Revere Beach Parkway
Chelsea, MA 0215-9100
877-696-3876
www.metrocu.org

NCUA

OverView
Rates
Health
Reviews

Metro Credit Union is headquartered in Chelsea and is the 5^th largest credit union in the state of Massachusetts. It is also the 169^th largest credit union in the nation. It was established in 1926 and as of December of 2012, it had grown to 281 employees and 160,231 members. Metro Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Metro CU In MA 1.10% Savings Account (Forum) - 12/19/2012

Metro CU has a high yield savings account that is not listed on there site, it's called the "Managers Special". They have been offering it for almost 2 years and it started at 1.25% and is now 1.10%. Requires $25k min and you are charged a $25 fee if you

Report an Issue

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

Metro Credit Union Checking Account Rates

Apy	Min	Max	Product
0.85%	$250k	-	Business Interest Checking Account
0.25%	$25	-	Free Business Interest Checking Account

Metro Credit Union Savings Account Rates

Apy	Min	Max	Product
4.00%	-	$3k	My Reward Savings
1.00%	-	-	IRA Accumulator
1.00%	-	-	Roth IRA Accumulator
1.00%	-	-	CESA Accumulator
0.15%	$25	-	Regular Savings
0.15%	$25	-	Christmas Club
0.15%	$25	-	Vacation Club
0.15%	$25	-	Business Regular Savings

Metro Credit Union Money Market Rates

Apy	Min	Max	Product
0.85%	$100k	-	Business Money Market Account
0.45%	$50k	-	High Yield Savings Account
0.45%	$50k	-	Money Market Account

Metro Credit Union CD Rates

Apy	Min	Max	Product
1.70%	$500	-	60 Month CD
1.70%	$500	-	Business 60 Month CD
1.10%	$500	-	36 Month CD
1.10%	$500	-	Business 36 Month CD
0.90%	$500	-	24 Month CD
0.90%	$500	-	Business 24 Month CD
0.70%	$500	-	18 Month CD
0.70%	$500	-	Business 18 Month CD
0.55%	$500	-	12 Month CD
0.55%	$500	-	Business 12 Month CD
0.30%	$500	-	6 Month CD
0.20%	$500	-	3 Month CD
0.20%	$500	-	Business 3 Month CD

Metro Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month IRA
1.80%	$500	-	60 Month Roth IRA
1.80%	$500	-	60 Month CESA
1.30%	$500	-	36 Month IRA
1.30%	$500	-	36 Month Roth IRA
1.30%	$500	-	36 Month CESA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	24 Month Roth IRA
1.00%	$500	-	24 Month CESA
0.85%	$500	-	18 Month IRA
0.85%	$500	-	18 Month Roth IRA
0.85%	$500	-	18 Month CESA
0.80%	$500	-	12 Month IRA
0.80%	$500	-	12 Month Roth IRA
0.80%	$500	-	12 Month CESA

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

METRO
NCUA #	66364
BankRate Report	View
Year Chartered	1926
Employees	281
Primary Regulator
Assets and Liabilities
Assets	$1.13 billion
Loans	$887.06 million
Deposits	$912.56 million
Equity Capital	$118.33 million
Loan Loss Allowance	$7.32 million
Unbacked Noncurrent Loans	$5.95 million
Historic Data - December 2011
Assets	$957.92 million
Equity Capital	$104.86 million
Loan Loss Allowance	$6.52 million
Unbacked Noncurrent Loans	$5.12 million
Real Estate Owned	$129,000
Profit Margin - Quarterly
Net Interest Margin	3.66%
Return on Assets	0.92%
Return on Equity	8.79%
Interest Income	$39.75 million
Non-Interest Income	$17.93 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 Metro Credit Union had $5.95 million in non-current loans and owned real-estate with $125.65 million in equity and loan loss allowances on hand to cover it. This gives Metro Credit Union a Texas Ratio of 4.74% 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 Metro Credit Union held steady from 4.71% as of December 31, 2011 to 4.74% as of December 31, 2012, resulting in a negative change of 0.46%. This indicates that the balance sheet and financial strength for Metro Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Metro Credit Union has increased its total deposits by $133.92 million, resulting in 17.2% 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 Metro 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. Metro Credit Union has $1.13 billion in assets with $125.65 million in equity, resulting in a capitalization level of 11.15%, which is above average.