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Metropolitan Service Credit Union

Based on 1 review
Overview / Commentary
215-697-3700
700 Robbins St
Philadelphia, PA 19111

Metropolitan Service Credit Union is headquartered in Philadelphia and is the 174th largest credit union in the state of Pennsylvania. It is also the 3,286th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 11 employees and 3,357 members. Metropolitan Service Credit Union has a C- health rating.

Field of Membership Restrictions

Must be an employee or retiree of NSA Philadelphia. - See Details

Reviews (1)

Metropolitan Service FCU In Philadelphia PA has very high cd rates.

Small credit union with very high cd rates.  Field of membership is not listed on the web site so not sure who or what criteria is used to determine eligibility.  NCUA site indicates field of membership is primarily military.  See link provided.   I am not member of Metropolitan, but I wish I was.  Deposit rates are towards to the bottom of the screen.

http://www.metroservefcu.org/asp/rates.asp

 



Health

Data for Q1 2014

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Metropolitan Service Credit Union has a low asset base.

Texas Ratio

GRADE:
C

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 Metropolitan Service Credit Union had $735,000 in non-current loans and owned real-estate with $2.15 million in equity and loan loss allowances on hand to cover it. This gives Metropolitan Service Credit Union a Texas Ratio of 34.25% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Metropolitan Service Credit Union experienced no significant changes from 29.62% as of March 31, 2013 to 34.25% as of March 31, 2014, resulting in a negative change of 15.65%. This indicates that the balance sheet and financial strength for Metropolitan Service Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Metropolitan Service Credit Union has decreased its total deposits by $-25,000, resulting in -0.11% 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 Metropolitan Service Credit Union has shown is average.

Capitalization

GRADE:
C

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. Metropolitan Service Credit Union has $24.12 million in assets with $2.15 million in equity, resulting in a capitalization level of 8.90%, which is average.

Institution Statistics

Overall
NCUA #7161
Year Chartered1951
Employees11
Primary Regulator
Assets and Liabilities
Assets$24.12 million
Loans$9.37 million
Deposits$22.14 million
Equity Capital$1.93 million
Loan Loss Allowance$213,000
Unbacked Noncurrent Loans$639,000
Real Estate Owned$96,000
Historic Data - March 2013
Assets$24.32 million
Equity Capital$2.08 million
Loan Loss Allowance$284,000
Unbacked Noncurrent Loans$639,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.28%
Return on Equity3.52%
Interest Income$264,000
Rates
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Metropolitan Service Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$300-Share Accounts (Savings) Without Life Insurance
0.15%$300-Share Accounts (Savings) With Life Insurance
0.00%--Vacation Club Account
0.00%--Christmas Club Account
0.00%--Group Club Account

Metropolitan Service Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Accounts (Checking)
Locations


Metropolitan Service Credit Union Locations
Branch Office700 Robbins StPhiladelphia, PA 19111
Branch Office700 Robbins StPhiladelphia, PA 19111
Branch Office700 Robbins StPhiladelphia, PA 19111