Miami Postal Service Credit Union

Miami Postal Service Credit Union Locations

2190 NW 72 Avenue
Miami, FL 33122
(305) 592-7733
www.mpscu.org

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Miami Postal Service Credit Union is headquartered in Miami and is the 56^th largest credit union in the state of Florida. It is also the 1,329^th largest credit union in the nation. It was established in 1991 and as of December of 2012, it had grown to 43 employees and 14,290 members. Miami Postal Service Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

Competitive 5-Year CD Rate at Miami Postal Service Credit Union - Local Only - 3/21/2012

In today's rate environment, it's difficult to find 2 percent CDs especially in Florida. Miami Postal Service Credit Union is one of the few Florida institutions that still offer a 2 percent CD. It ha ...

New Special 9-Month CD Rate at Miami Postal Service Credit Union - Local Only - 1/24/2012

As I described yesterday , I'm not a fan of short-term CDs. Most of the short-term CDs these days have rates lower than the best savings account rates. However, that is not the case at Miami Postal Se ...

Top 9-Month CD Rate Continues at Miami Postal Service Credit Union - Local Only - 2/2/2011

Miami Postal Service Credit Union is still offering a very competitive 9-month CD. The rate is 1.76% APY for a minimum deposit of $5,000. The rate is 1.56% APY for a $1,000 minimum. The $5K is conside ...

Top 9-Month CD Rate at Miami Postal Service Credit Union - Local Only - 6/8/2010

Miami Postal Service Credit Union continues to offer a very competitive 9-month CD with a 1.76% APY. Minimum deposit is $5,000 which is considered a Jumbo deposit (smallest Jumbo CD that I've seen). T ...

2010

4/3 - 1.76% 9-Month CD Continues at Miami Postal Service Credit Union - Local Only (Forum)

2009

12/16 - 1.76% 9-Month CD at Miami Postal Service Credit Union - Local Only

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See Rates for: Savings | CD | IRA

Miami Postal Service Credit Union Savings Account Rates

Apy	Min	Max	Product
1.26%	-	-	IRA Savings Account
1.26%	-	-	Roth IRA Savings
1.26%	-	-	CESA Savings
0.40%	-	-	Regular Share
0.40%	-	-	Youth Share
0.40%	-	-	Club Account

Miami Postal Service Credit Union CD Rates

Apy	Min	Max	Product
1.91%	$1k	-	60 Month CD
1.00%	$1k	-	36 Month CD
0.75%	$25k	-	9 Month Super Jumbo CD
0.65%	$5k	-	9 Month Jumbo CD
0.65%	$1k	-	24 Month CD
0.50%	$1k	-	9 Month CD
0.50%	$1k	-	12 Month CD
0.50%	$1k	-	18 Month CD
0.45%	$1k	-	6 Month CD

Miami Postal Service Credit Union IRA Rates

Apy	Min	Max	Product
1.91%	$1k	-	60 Month IRA
1.91%	$1k	-	60 Month Roth IRA
1.91%	$1k	-	60 Month CESA
1.00%	$1k	-	36 Month IRA
1.00%	$1k	-	36 Month Roth IRA
1.00%	$1k	-	36 Month CESA
0.75%	$25k	-	9 Month Super Jumbo CESA
0.75%	$25k	-	9 Month Super Jumbo IRA
0.75%	$25k	-	9 Month Super Jumbo Roth IRA
0.65%	$5k	-	9 Month Jumbo IRA
0.65%	$1k	-	24 Month IRA
0.65%	$5k	-	9 Month Jumbo Roth IRA
0.65%	$1k	-	24 Month Roth IRA
0.65%	$5k	-	9 Month Jumbo CESA
0.65%	$1k	-	24 Month CESA
0.50%	$1k	-	9 Month IRA
0.50%	$1k	-	12 Month IRA
0.50%	$1k	-	18 Month IRA
0.50%	$1k	-	9 Month Roth IRA
0.50%	$1k	-	12 Month Roth IRA
0.50%	$1k	-	18 Month Roth IRA
0.50%	$1k	-	9 Month CESA
0.50%	$1k	-	12 Month CESA
0.50%	$1k	-	18 Month CESA
0.45%	$1k	-	6 Month IRA
0.45%	$1k	-	6 Month Roth IRA
0.45%	$1k	-	6 Month CESA

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

MIAMI POSTAL SERVICE
NCUA #	67330
BankRate Report	View
Year Chartered	1991
Employees	43
Primary Regulator
Assets and Liabilities
Assets	$116.09 million
Loans	$48.70 million
Deposits	$102.39 million
Equity Capital	$12.78 million
Loan Loss Allowance	$855,000
Unbacked Noncurrent Loans	$611,000
Historic Data - December 2011
Assets	$110.46 million
Equity Capital	$12.32 million
Loan Loss Allowance	$857,000
Unbacked Noncurrent Loans	$445,000
Profit Margin - Quarterly
Net Interest Margin	5.69%
Return on Assets	0.56%
Return on Equity	5.12%
Interest Income	$4.01 million
Non-Interest Income	$3.21 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 Miami Postal Service Credit Union had $611,000 in non-current loans and owned real-estate with $13.64 million in equity and loan loss allowances on hand to cover it. This gives Miami Postal Service Credit Union a Texas Ratio of 4.48% 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 Miami Postal Service Credit Union held steady from 3.38% as of December 31, 2011 to 4.48% as of December 31, 2012, resulting in a negative change of 32.66%. This indicates that the balance sheet and financial strength for Miami Postal Service Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Miami Postal Service Credit Union has increased its total deposits by $4.89 million, resulting in 5.01% 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 Miami Postal Service 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. Miami Postal Service Credit Union has $116.09 million in assets with $13.64 million in equity, resulting in a capitalization level of 11.75%, which is above average.