Mutual Security Credit Union

P.O. Box 2489
Shelton, CT 06484-1489
(800) 761-2400
www.mscu.net

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Mutual Security Credit Union is headquartered in SHELTON and is the 7^th largest credit union in the state of Connecticut. It is also the 771^st largest credit union in the nation. It was established in 1982 and as of September of 2011, it had grown to 63 employees and 34,284 members. Mutual Security Credit Union's savings rates are 2X the national average, and it has a 4-star health rating.

5.50% 55-Month CD ($5.5K Max) & Other CD Deals at Mutual Security Credit Union in CT - 3/29/2009

Mutual Security Credit Union is a special CD with a rate that is very rare these days. It has a 5.50% APY with a term of 55 months. However, there's a maximum deposit of $5,500 per social security number. Minimum deposit is $500. The special is listed on...

2.75% Reward Checking Account at Mutual Security Credit Union in Connecticut - 2/11/2009

Update 4/1/2011: The top rate now only applies to the first $15K balance. Mutual Security Credit Union is offering a reward checking account called Free Ultimate Checking. It pays 2.75% APY on balances up to $15,000 (0.25% for above) and refunds ATM fees nationwide (up to...

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

Mutual Security Credit Union Checking Account Rates

Apy	Min	Max	Product
2.75%	-	$15k	Ultimate Checking
0.05%	$100	-	Advantage Checking

Mutual Security Credit Union Savings Account Rates

Apy	Min	Max	Product
1.25%	$2,500	-	Health Savings Account
0.05%	$100	-	Regular Savings
0.05%	$100	-	Holiday Club
0.05%	$100	-	Vacation Club

Mutual Security Credit Union Money Market Rates

Apy	Min	Max	Product
0.65%	$100k	-	Individual Retirement MMA
0.50%	$100k	-	Money Market

Mutual Security Credit Union CD Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month CD
1.40%	$500	-	48 Month CD
1.10%	$500	-	36 Month CD
1.00%	-	-	18 Month Starter CD
0.85%	$500	-	24 Month CD
0.55%	$500	-	18 Month CD
0.40%	$500	-	12 Month CD
0.40%	$500	-	6-11 Month CD
0.28%	$500	-	24 Month Variable Rate CD
0.28%	-	-	24 Month Youth CD
0.20%	$500	-	90 Day CD

Mutual Security Credit Union IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month IRA
1.65%	$500	-	60 Month Roth IRA
1.65%	$500	-	60 Month CESA
1.40%	$500	-	48 Month IRA
1.40%	$500	-	48 Month Roth IRA
1.40%	$500	-	48 Month CESA
1.10%	$500	-	36 Month IRA
1.10%	$500	-	36 Month Roth IRA
1.10%	$500	-	36 Month CESA
0.85%	$500	-	24 Month IRA
0.85%	$500	-	24 Month Roth IRA
0.85%	$500	-	24 Month CESA
0.55%	$500	-	18 Month IRA
0.55%	$500	-	18 Month Roth IRA
0.55%	$500	-	18 Month CESA
0.40%	$500	-	12 Month IRA
0.40%	$500	-	12 Month Roth IRA
0.40%	$500	-	12 Month CESA
0.28%	$500	-	24 Month Variable Rate IRA
0.28%	$500	-	24 Month Variable Rate Roth IRA
0.28%	$500	-	24 Month Variable Rate CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

MUTUAL SECURITY
NCUA #	68479
BankRate Report	View
Year Established	1982
Employees	63
Primary Regulator
Assets and Liabilities
Assets	$232.75 million
Loans	$196.21 million
Deposits	$212.23 million
Equity Capital	$17.80 million
Loan Loss Allowance	$987,000
Unbacked Noncurrent Loans	$1.80 million
Historic Data - September 2010
Assets	$237.17 million
Equity Capital	$17.00 million
Loan Loss Allowance	$1.04 million
Unbacked Noncurrent Loans	$2.26 million
Profit Margin - Quarterly
Net Interest Margin	3.04%
Return on Assets	0.27%
Return on Equity	3.58%
Interest Income	$7.59 million
Non-Interest Income	$2.13 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 September 30, 2011 Mutual Security Credit Union had $1.8 million in non-current loans and owned real-estate with $18.79 million in equity and loan loss allowances on hand to cover it. This gives Mutual Security Credit Union a Texas Ratio of 9.59% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mutual Security Credit Union decreased slightly from 12.55% as of September 30, 2010 to 9.59% as of September 30, 2011, resulting in a positive change of 23.55%.This indicates that the balance sheet and financial strength for Mutual Security Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Mutual Security Credit Union has decreased its total deposits by -$4.99 million, resulting in -2.3% 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 Security Credit Union has shown is below average.
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. Mutual Security Credit Union has $232.75 million in assets with $18.79 million in equity, resulting in a capitalization level of 8.07%, which is average.