Miami University Community Credit Union is headquartered in Oxford and is the 88th largest credit union in the state of Ohio. It is also the 2,131st largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 13 employees and 5,646 members. Miami University Community Credit Union has a B+ health rating.
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When I moved to Miami as a young college student, I had to set up a new banking account as a way to pay bills and deposit checks. I ended up going with UCU and could not have been more pleased. I kept my bank account open for several after I graduated, until I moved away. It is a smaller credit union with great staff and even better interest rates. Their online banking is simple and easy. Not only is there a location on campus, there are also 2 other locations within 10 miles and a handful of ATMs throughout the community.
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 Miami University Community Credit Union had $82,000 in non-current loans and owned real-estate with $5.71 million in equity and loan loss allowances on hand to cover it. This gives Miami University Community Credit Union a Texas Ratio of 1.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Miami University Community Credit Union decreased dramatically from 4.21% as of March 31, 2013 to 1.44% as of March 31, 2014, resulting in a positive change of 65.92%.This indicates that the balance sheet and financial strength for Miami University Community Credit Union has improved dramatically in recent periods.
In the past year, Miami University Community Credit Union has increased its total deposits by $2.2 million, resulting in 4.33% 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 University Community Credit Union has shown is excellent.
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 University Community Credit Union has $58.46 million in assets with $5.71 million in equity, resulting in a capitalization level of 9.77%, which is above average.
|Assets and Liabilities|
|Equity Capital||$5.46 million|
|Loan Loss Allowance||$250,000|
|Unbacked Noncurrent Loans||$82,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$5.42 million|
|Loan Loss Allowance||$271,000|
|Unbacked Noncurrent Loans||$82,000|
|Real Estate Owned||$24,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.19%|
|Return on Assets||0.2%|
|Return on Equity||2.12%|
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|0.25%||-||$5k||Kiddie Hawk Savings|
|0.25%||-||-||Silver Hawk Savings|
|0.25%||-||-||Roth IRA Savings|
|0.30%||$75k||-||Money Market Account|
|1.90%||$500||-||60 Month CD|
|1.50%||$500||-||48 Month CD|
|1.15%||$500||-||36 Month CD|
|1.10%||$500||-||30 Month CD|
|1.05%||$500||-||24 Month CD|
|1.00%||$500||-||18 Month CD|
|0.75%||$500||-||12 Month CD|
|0.45%||$500||-||6 Month CD|
|0.30%||$500||-||3 Month CD|
|1.90%||$500||-||60 Month IRA|
|1.50%||$500||-||48 Month IRA|
|1.15%||$500||-||36 Month IRA|
|1.10%||$500||-||30 Month IRA|
|1.05%||$500||-||24 Month IRA|
|1.00%||$500||-||18 Month IRA|
|0.75%||$500||-||12 Month IRA|
|0.45%||$500||-||6 Month IRA|
|0.30%||$500||-||3 Month IRA|
|Miami University Community Credit Union Locations|
|Branch Office||420 Wells Mills Dr||Oxford, OH 45056|
|Branch Office||1601 University Blvd||Hamilton, OH 45011-3316|
|Branch Office||5120 college corner pike||Oxford, OH 45056|
|Branch Office||4200 N University Blvd||Middletown, OH 45042-3458|