My Credit Union

My Credit Union is headquartered in Redwood City and is the 239^th largest credit union in the state of California. It is also the 2,752^nd largest credit union in the nation. It was established in 1963 and as of December of 2012, it had grown to 5 employees and 3,521 members. My Credit Union has a 5-star health rating.

My Credit Union Routing Number: 321174819

My Credit Union Savings Account Rates

My Credit Union Money Market Rates

My Credit Union CD Rates

My Credit Union IRA Rates

Data for Q4 2012

Institution Statistics MY NCUA # 68446 BankRate Report View Year Chartered 1963 Employees 5 Primary Regulator Assets and Liabilities Assets $34.47 million Loans $17.83 million Deposits $31.25 million Equity Capital $3.08 million Loan Loss Allowance $283,000 Unbacked Noncurrent Loans $119,000 Historic Data - December 2011 Assets $34.95 million Equity Capital $3.15 million Loan Loss Allowance $312,000 Unbacked Noncurrent Loans $1.06 million Profit Margin - Quarterly Net Interest Margin 5.48% Return on Assets -0.21% Return on Equity -2.37% Interest Income $1.20 million Non-Interest Income $198,000

Institution Health Overall Score: 5 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 December 31, 2012 My Credit Union had $119,000 in non-current loans and owned real-estate with $3.36 million in equity and loan loss allowances on hand to cover it. This gives My Credit Union a Texas Ratio of 3.54% 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 My Credit Union decreased significantly from 30.55% as of December 31, 2011 to 3.54% as of December 31, 2012, resulting in a positive change of 88.41%.This indicates that the balance sheet and financial strength for My Credit Union has improved significantly in recent periods. Deposit Growth In the past year, My Credit Union has decreased its total deposits by $-251,000, resulting in -0.8% 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 My Credit Union has shown is 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. My Credit Union has $34.47 million in assets with $3.36 million in equity, resulting in a capitalization level of 9.75%, which is average.

No reviews have been left for this bank yet. Be the first to review.