Miami Postal Service Credit Union

Miami Postal Service Credit Union Locations
2190 NW 72 Avenue
Miami, FL 33122
800-782-3630
www.mpscu.org

Miami Postal Service Credit Union is headquartered in MIAMI and is the 53rd largest credit union in the state of Florida. It is also the 1,288th largest credit union in the nation. It was established in 1991 and as of September of 2011, it had grown to 40 employees and 13,702 members. Miami Postal Service Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

Related Posts

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 ...

1.76% 9-Month CD Continues at Miami Postal Service Credit Union - Local Only (Forum) - 4/3/2010

This Miami Flroida credit union continues to list this 1.76% APY 9-month CD which is now a very competitive rate for a 9-month term. They call it a Jumbo CD, but the minimum is only $5,000 (smallest Jumbo that I've seen). I have more details about this

2009




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See Rates for: Savings | CD | IRA

Miami Postal Service Credit Union Savings Account Rates

ApyMinMaxProduct
1.26%--IRA Savings Account
1.26%--Roth IRA Savings Account
1.26%--CESA Savings Account
0.40%--Regular Shares Account
0.40%--Youth Shares Account
0.40%--Club Account

Miami Postal Service Credit Union CD Rates

ApyMinMaxProduct
2.02%$1k-60 Month CD
1.41%$1k-36 Month CD
1.26%$25k-9 Month CD Super Jumbo
1.00%$5k-9 Month CD Jumbo
1.00%$1k-24 Month CD
0.75%$1k-9 Month CD
0.75%$1k-12 Month CD
0.75%$1k-18 Month CD
0.55%$1k-6 Month CD

Miami Postal Service Credit Union IRA Rates

ApyMinMaxProduct
2.02%$1k-60 Month IRA
2.02%$1k-60 Month Roth IRA
2.02%$1k-60 Month CESA
1.41%$1k-36 Month IRA
1.41%$1k-36 Month Roth IRA
1.41%$1k-36 Month CESA
1.26%$25k-9 Month CESA Super Jumbo
1.26%$25k-9 Month IRA Super Jumbo
1.26%$25k-9 Month Roth IRA Super Jumbo
1.00%$5k-9 Month IRA Jumbo
1.00%$1k-24 Month IRA
1.00%$5k-9 Month Roth IRA Jumbo
1.00%$1k-24 Month Roth IRA
1.00%$5k-9 Month CESA Jumbo
1.00%$1k-24 Month CESA
0.75%$1k-9 Month IRA
0.75%$1k-12 Month IRA
0.75%$1k-18 Month IRA
0.75%$1k-9 Month Roth IRA
0.75%$1k-12 Month Roth IRA
0.75%$1k-18 Month Roth IRA
0.75%$1k-9 Month CESA
0.75%$1k-12 Month CESA
0.75%$1k-18 Month CESA
0.55%$1k-6 Month IRA
0.55%$1k-6 Month Roth IRA
0.55%$1k-6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


MIAMI POSTAL SERVICE
NCUA #67330
BankRate ReportView
Year Established1991
Employees40
Primary Regulator

Assets and Liabilities

Assets$116.06 million
Loans$43.79 million
Deposits$101.03 million
Equity Capital$12.17 million
Loan Loss Allowance$830,000
Unbacked Noncurrent Loans$311,000

Historic Data - September 2010

Assets$95.31 million
Equity Capital$11.92 million
Loan Loss Allowance$938,000
Unbacked Noncurrent Loans$492,000

Profit Margin - Quarterly

Net Interest Margin3.82%
Return on Assets0.04%
Return on Equity0.37%
Interest Income$2.84 million
Non-Interest Income$2.30 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 September 30, 2011 Miami Postal Service Credit Union had $311,000 in non-current loans and owned real-estate with $13 million in equity and loan loss allowances on hand to cover it. This gives Miami Postal Service Credit Union a Texas Ratio of 2.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Miami Postal Service Credit Union decreased slightly from 3.83% as of September 30, 2010 to 2.39% as of September 30, 2011, resulting in a positive change of 37.46%.This indicates that the balance sheet and financial strength for Miami Postal Service Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Miami Postal Service Credit Union has increased its total deposits by $18.96 million, resulting in 23.1% 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.
Capitalization4
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 $116.06 million in assets with $13 million in equity, resulting in a capitalization level of 11.20%, which is above average.
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