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Overview / Commentary
402-697-8200
14510 F. St
Omaha, NE 68137

Mutual First Federal Credit Union is headquartered in Omaha and is the 8th largest credit union in the state of Nebraska. It is also the 1,423rd largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 29 employees and 12,147 members. Mutual First Federal Credit Union's savings rates are 44% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Eligible members are those who Live, Work, Worship, or attend School in the Omaha Metropolitan Statistical Area (MSA). - See Details

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C+

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, 2013 Mutual First Federal Credit Union had $2.24 million in non-current loans and owned real-estate with $8.59 million in equity and loan loss allowances on hand to cover it. This gives Mutual First Federal Credit Union a Texas Ratio of 26.02% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Mutual First Federal Credit Union increased slightly from 18.17% as of December 31, 2012 to 26.02% as of December 31, 2013, resulting in a negative change of 43.26%. This indicates that the balance sheet and financial strength for Mutual First Federal Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Mutual First Federal Credit Union has increased its total deposits by $2.28 million, resulting in 2.59% 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 Mutual First Federal 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. Mutual First Federal Credit Union has $106.85 million in assets with $8.59 million in equity, resulting in a capitalization level of 8.04%, which is average.

Institution Statistics

Overall
NCUA #24540
Year Chartered1949
Employees29
Primary Regulator
Assets and Liabilities
Assets$106.85 million
Loans$53.73 million
Deposits$90.36 million
Equity Capital$7.92 million
Loan Loss Allowance$674,000
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$410,000
Historic Data - December 2012
Assets$108.75 million
Equity Capital$8.90 million
Loan Loss Allowance$862,000
Unbacked Noncurrent Loans$1.83 million
Real Estate Owned$315,000
Profit Margin - Quarterly
Net Interest Margin5.73%
Return on Assets-0.12%
Return on Equity-1.67%
Interest Income$4.15 million
Rates

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

Mutual First Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Christmas Club
0.75%--Vacation Club
0.35%$5k-Health Savings
0.30%--IRA Savings
0.30%--CESA Savings
0.30%--Roth IRA Savings
0.20%$10k-Regular Savings

Mutual First Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$50k-High Yield First Market
0.40%$100k-First Market

Mutual First Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.01%-$15kRewards Checking
0.10%--Rewards Checking

Mutual First Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.61%$10k-60 Month CD
1.45%$1k-39 Month CD Special
1.41%$10k-48 Month CD
1.10%$10k-36 Month CD
0.80%$10k-24 Month CD
0.55%$10k-12 Month CD
0.40%$10k-6 Month CD

Mutual First Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.61%$10k-60 Month IRA (Traditional,Roth,CESA)
1.45%$1k-39 Month IRA Special (Traditional,Roth,CESA)
1.41%$10k-48 Month IRA (Traditional,Roth,CESA)
1.10%$10k-36 Month IRA (Traditional,Roth,CESA)
0.80%$10k-24 Month IRA (Traditional,Roth,CESA)
0.55%$10k-12 Month IRA (Traditional,Roth,CESA)
0.40%$10k-6 Month IRA (Traditional,Roth,CESA)
Locations


Mutual First Federal Credit Union Locations
Branch Office14510 F StOmaha, NE 68137
Branch Office8073 Blondo StOmaha, NE 68134