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Overview / Commentary
800-393-3833
817 Vine St.
Los Angeles, CA 90038

Musicians' Interguild Credit Union is headquartered in Los Angeles and is the 171st largest credit union in the state of California. It is also the 1,808th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 11 employees and 6,672 members. Musicians' Interguild Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be a member or employee of one of the several select employer groups. Also open to those who live, work or worship in the Hollywood area. - See Details

Reviews (1)

Very Good Credit Union

I have had two car loans now with this credit union and have been very pleased. The only problem I have had is they did not send me my car pink slip in a timely manner. The rates are low. People friendly when you call. I recommend them.



Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Musicians' Interguild Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
B

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 Musicians' Interguild Credit Union had $973,000 in non-current loans and owned real-estate with $6.1 million in equity and loan loss allowances on hand to cover it. This gives Musicians' Interguild Credit Union a Texas Ratio of 15.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Musicians' Interguild Credit Union decreased dramatically from 24.43% as of March 31, 2013 to 15.96% as of March 31, 2014, resulting in a positive change of 34.67%.This indicates that the balance sheet and financial strength for Musicians' Interguild Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Musicians' Interguild Credit Union has increased its total deposits by $45,000, resulting in 0.06% 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 Musicians' Interguild Credit Union has shown is above average.

Capitalization

GRADE:
C-

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. Musicians' Interguild Credit Union has $76.67 million in assets with $6.1 million in equity, resulting in a capitalization level of 7.95%, which is below average.

Institution Statistics

Overall
NCUA #62092
Year Chartered1954
Employees11
Primary Regulator
Assets and Liabilities
Assets$76.67 million
Loans$33.11 million
Deposits$71.34 million
Equity Capital$4.96 million
Loan Loss Allowance$1.14 million
Unbacked Noncurrent Loans$973,000
Real Estate Owned$0
Historic Data - March 2013
Assets$76.03 million
Equity Capital$4.42 million
Loan Loss Allowance$1.88 million
Unbacked Noncurrent Loans$973,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.56%
Return on Equity8.63%
Interest Income$528,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Musicians' Interguild Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Musicians' Interguild Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-IRA Share Account
0.25%$50-Roth IRA Share Account
0.05%$50-Share Savings Account

Musicians' Interguild Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Silver Money Market

Musicians' Interguild Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Encore Checking

Musicians' Interguild Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$1k-5 Year CD
0.85%$1k-4 Year CD
0.70%$1k-3 Year CD
0.50%$1k-2 Year CD
0.20%$1k-1 Year CD
0.10%$1k-6 Month CD

Musicians' Interguild Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$2k-2 Year IRA
0.45%$2k-1 Year IRA
Locations


Musicians' Interguild Credit Union Locations
Branch Office817 Vine StLos Angeles, CA 90038-3739