Moog Employees Credit Union
Moog Employees Credit Union is headquartered in EAST AURORA and is the 56th largest credit union in the state of New York. It is also the 1,138th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 14 employees and 9,278 members. Moog Employees Credit Union has a A+ health rating.
Field of Membership Restrictions
Must be an employee of Moog, Inc. who work in or are paid from East Aurora, New York, Cobham Mission Systems (formerly Carleton Technologies) or PCB Piezotronics (formerly Nowtech Industries). - See Details
Watch Your Money
keep a close eye on your money. if you don't you will not see it if they make any mistakes. they have things and excuses to cover their screw ups so they take your money (plus any fees and interest they think of) and you wind up with a lot less than you started with, and you didn't do a thing. they are like a modern day loan shark and use the system to cover their inabilities to do their jobs.
Data for Q1 2014
Institution Health
Texas Ratio
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 Moog Employees Credit Union had $349,000 in non-current loans and owned real-estate with $27.77 million in equity and loan loss allowances on hand to cover it. This gives Moog Employees Credit Union a Texas Ratio of 1.26% 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 Moog Employees Credit Union experienced no significant changes from 0.36% as of March 31, 2013 to 1.26% as of March 31, 2014, resulting in a negative change of 247.74%. This indicates that the balance sheet and financial strength for Moog Employees Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Moog Employees Credit Union has increased its total deposits by $5.86 million, resulting in 4.94% 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 Moog Employees 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. Moog Employees Credit Union has $152.43 million in assets with $27.77 million in equity, resulting in a capitalization level of 18.22%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 15669 |
| Year Chartered | 1963 |
| Employees | 14 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $152.43 million |
| Loans | $55.44 million |
| Deposits | $124.32 million |
| Equity Capital | $27.62 million |
| Loan Loss Allowance | $150,000 |
| Unbacked Noncurrent Loans | $314,000 |
| Real Estate Owned | $35,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $145.31 million |
| Equity Capital | $26.47 million |
| Loan Loss Allowance | $96,000 |
| Unbacked Noncurrent Loans | $314,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.03% |
| Return on Assets | 0.84% |
| Return on Equity | 4.66% |
| Interest Income | $884,000 |
Always verify rates and promotions with the bank or credit union. We are not Moog Employees Credit Union, we are a rate comparison website and can not provide official rates or promotions.
Moog Employees Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $50 | - | Regular Shares Savings | |
| 0.20% | - | - | Vacation Shares | |
| 0.20% | - | - | Christmas Shares | |
| 0.20% | - | - | IRA Savings |
Moog Employees Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.27% | $2,500 | - | Money Market Shares |
Moog Employees Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Sharedraft Checking |
Moog Employees Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $1k | - | 36 Month CD (Dividend paid at maturity) | |
| 0.46% | $1k | - | 36 Month CD (Dividend paid monthly & transferred to share account) | |
| 0.42% | $1k | - | 24 Month CD (Dividend paid at maturity) | |
| 0.38% | $1k | - | 12 Month CD (Dividend paid at maturity) | |
| 0.38% | $1k | - | 24 Month CD (Dividend paid monthly & transferred to share account) | |
| 0.34% | $1k | - | 12 Month CD (Dividend paid monthly & transferred to share account) |
Moog Employees Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $1k | - | 36 Month IRA | |
| 0.42% | $1k | - | 24 Month IRA | |
| 0.38% | $1k | - | 12 Month IRA |
| Moog Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 7181 SENECA St | EAST AURORA, NY 14052-0018 |