Money Credit Union

Money Credit Union Locations
Po Box 957
Syracuse, NY 132010957
1-866-320-9990
www.moneyfcu.org

Money Credit Union is headquartered in SYRACUSE and is the 108th largest credit union in the state of New York. It is also the 2,299th largest credit union in the nation. It was established in 1976 and as of December of 2011, it had grown to 9 employees and 4,027 members. Money Credit Union has a 5-star health rating.

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3.30% 5-Year CD At Money FCU In New York State (Forum) - 7/2/2010

Money Federal Credit Union has some top long-term CD and IRA CD rates as of 7/2/2010 3.30% APY 5 years 3.05% APY 4 years 2.28% APY 3 years 2.02% APY 2 years Excerpts from the Field of Membership page Any person who lives, works, worships or atte



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See Rates for: Savings | Money Market | CD | IRA

Money Credit Union Savings Account Rates

ApyMinMaxProduct
0.40%--IRA Savings Account
0.40%--Roth IRA Savings Account
0.40%--Coverdell Education Savings Account
0.15%$100-Regular Savings Account
0.15%--Holiday Club Account
0.15%--Vacation Club Account
0.15%--U-Name It Account
0.15%--Teen Club Account
0.15%--MONKey Kids Club Account

Money Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$75k-Money Market Savings Account

Money Credit Union CD Rates

ApyMinMaxProduct
1.61%$500-60 Month CD
1.31%$500-48 Month CD
1.06%$500-36 Month CD
0.85%$500-24 Month CD
0.65%$500-18 Month CD
0.60%$500-15 Month CD
0.50%$500-12 Month CD
0.35%$500-9 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD

Money Credit Union IRA Rates

ApyMinMaxProduct
1.61%$500-60 Month IRA CD
1.61%$500-60 Month Roth IRA CD
1.61%$500-60 Month Coverdell ESA CD
1.31%$500-48 Month IRA CD
1.31%$500-48 Month Roth IRA CD
1.31%$500-48 Month Coverdell ESA CD
1.06%$500-36 Month IRA CD
1.06%$500-36 Month Roth IRA CD
1.06%$500-36 Month Coverdell ESA CD
0.85%$500-24 Month IRA CD
0.85%$500-24 Month Roth IRA CD
0.85%$500-24 Month Coverdell ESA CD
0.50%$500-12 Month IRA CD
0.50%$500-12 Month Roth IRA CD
0.50%$500-12 Month Coverdell ESA CD

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


MONEY
NCUA #22566
BankRate ReportView
Year Chartered1976
Employees9
Primary Regulator

Assets and Liabilities

Assets$47.72 million
Loans$28.70 million
Deposits$42.91 million
Equity Capital$4.67 million
Loan Loss Allowance$66,000
Unbacked Noncurrent Loans$15,000

Historic Data - December 2010

Assets$43.78 million
Equity Capital$4.31 million
Loan Loss Allowance$69,000
Unbacked Noncurrent Loans$92,000
Real Estate Owned$4,000

Profit Margin - Quarterly

Net Interest Margin3.72%
Return on Assets0.33%
Return on Equity3.4%
Interest Income$1.92 million
Non-Interest Income$197,000

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 December 31, 2011 Money Credit Union had $15,000 in non-current loans and owned real-estate with $4.74 million in equity and loan loss allowances on hand to cover it. This gives Money Credit Union a Texas Ratio of 0.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Money Credit Union decreased significantly from 2.19% as of December 31, 2010 to 0.32% as of December 31, 2011, resulting in a positive change of 85.57%.This indicates that the balance sheet and financial strength for Money Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Money Credit Union has increased its total deposits by $3.55 million, resulting in 9.01% 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 Money Credit Union has shown is excellent.
Capitalization3
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. Money Credit Union has $47.72 million in assets with $4.74 million in equity, resulting in a capitalization level of 9.93%, which is average.
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