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Overview / Commentary
513-529-2739
420 Wells Mills Dr
Oxford, OH 45056

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.

Field of Membership Restrictions

Must live, work, worship or attend school in Butler County. - See Details

Reviews (1)

University Credit Union

POSTED ON FRIDAY MAY 9, 2014 by AV

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.



Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Miami University Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
A+

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.

Deposit Growth

GRADE:
A

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.

Capitalization

GRADE:
B

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.

Institution Statistics

Overall
NCUA #19678
Year Chartered1969
Employees13
Primary Regulator
Assets and Liabilities
Assets$58.46 million
Loans$28.69 million
Deposits$52.89 million
Equity Capital$5.46 million
Loan Loss Allowance$250,000
Unbacked Noncurrent Loans$82,000
Real Estate Owned$0
Historic Data - March 2013
Assets$56.22 million
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 Margin1.19%
Return on Assets0.2%
Return on Equity2.12%
Interest Income$418,000
Rates
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Miami University Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%-$5kKiddie Hawk Savings
0.25%--Silver Hawk Savings
0.25%--IRA Savings
0.25%--Roth IRA Savings
0.25%--CESA Savings
0.15%--Regular Savings
0.15%--Christmas Club
0.15%--Holiday Savings
0.15%--Special Savings

Miami University Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$75k-Money Market Account

Miami University Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.80%$500-60 Month CD
1.30%$500-48 Month CD
0.90%$500-36 Month CD
0.85%$500-24 Month CD
0.85%$500-30 Month CD
0.75%$500-18 Month CD
0.50%$500-12 Month CD
0.40%$500-6 Month CD
0.25%$500-3 Month CD

Miami University Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.80%$500-60 Month IRA
1.30%$500-48 Month IRA
0.90%$500-36 Month IRA
0.85%$500-24 Month IRA
0.85%$500-30 Month IRA
0.75%$500-18 Month IRA
0.50%$500-12 Month IRA
0.40%$500-6 Month IRA
0.25%$500-3 Month IRA
Locations


Miami University Community Credit Union Locations
Branch Office420 Wells Mills DrOxford, OH 45056
Branch Office1601 University BlvdHamilton, OH 45011-3316
Branch Office5120 college corner pikeOxford, OH 45056
Branch Office4200 N University BlvdMiddletown, OH 45042-3458