Operating Engineers Local Union #3 Credit Union

Operating Engineers Local Union #3 Credit Union Locations
P O Box 5073
Livermore, CA 94551
1-800-877-4444
www.oefcu.org

Operating Engineers Local Union #3 Credit Union is headquartered in Livermore and is the 41st largest credit union in the state of California. It is also the 250th largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to 138 employees and 76,640 members. Operating Engineers Local Union #3 Credit Union has a 5-star health rating.



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

Operating Engineers Local Union #3 Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$10k-Checking
0.15%--Business Checking
0.15%--Business Golden Account Checking
0.15%$10k-Golden Account Checking

Operating Engineers Local Union #3 Credit Union Savings Account Rates

ApyMinMaxProduct
0.30%$20k-Golden Account Savings
0.30%$20k-IRA Contirbutory Share Savings
0.30%$20k-Roth IRA Contirbutory Share Savings
0.30%$20k-CESA Contirbutory Share Savings
0.20%$20k-Regular Share Savings

Operating Engineers Local Union #3 Credit Union Money Market Rates

ApyMinMaxProduct
0.60%$250k-Money Market
0.60%$250k-Golden Account Money Market

Operating Engineers Local Union #3 Credit Union CD Rates

ApyMinMaxProduct
2.00%$50k-60 Month Member Rewards CD
1.90%$50k-60 Month CD
1.70%$50k-48 Month Member Rewards CD
1.60%$50k-48 Month CD
1.35%$50k-36 Month Member Rewards CD
1.25%$50k-36 Month CD
1.00%$50k-24 Month Member Rewards CD
0.90%$50k-24 Month CD
0.90%$50k-18 Month Member Rewards CD
0.80%$50k-18 Month CD
0.80%$50k-12 Month Member Rewards CD
0.70%$50k-12 Month CD
0.70%$1k-12 Month Member Rewards Tax Deferred CD
0.60%$1k-12 Month Tax Deferred CD
0.60%$50k-6 Month Member Rewards CD
0.50%$50k-6 Month CD
0.45%$50k-3 Month Member Rewards CD
0.35%$50k-3 Month CD

Operating Engineers Local Union #3 Credit Union IRA Rates

ApyMinMaxProduct
2.00%$50k-60 Month Member Rewards IRA
2.00%$50k-60 Month Member Rewards Roth IRA
2.00%$50k-60 Month Member Rewards CESA
1.90%$50k-60 Month IRA
1.90%$50k-60 Month Roth IRA
1.90%$50k-60 Month CESA
1.70%$50k-48 Month Member Rewards IRA
1.70%$50k-48 Month Member Rewards Roth IRA
1.70%$50k-48 Month Member Rewards CESA
1.60%$50k-48 Month IRA
1.60%$50k-48 Month Roth IRA
1.60%$50k-48 Month CESA
1.35%$50k-36 Month Member Rewards IRA
1.35%$50k-36 Month Member Rewards Roth IRA
1.35%$50k-36 Month Member Rewards CESA
1.25%$50k-36 Month IRA
1.25%$50k-36 Month Roth IRA
1.25%$50k-36 Month CESA
1.00%$50k-24 Month Member Rewards IRA
1.00%$50k-24 Month Member Rewards Roth IRA
1.00%$50k-24 Month Member Rewards CESA
0.90%$50k-24 Month IRA
0.90%$50k-18 Month Member Rewards IRA
0.90%$50k-18 Month Member Rewards Roth IRA
0.90%$50k-24 Month Roth IRA
0.90%$50k-18 Month Member Rewards CESA
0.90%$50k-24 Month CESA
0.80%$50k-18 Month IRA
0.80%$50k-12 Month Member Rewards IRA
0.80%$50k-12 Month Member Rewards Roth IRA
0.80%$50k-18 Month Roth IRA
0.80%$50k-12 Month Member Rewards CESA
0.80%$50k-18 Month CESA
0.70%$50k-12 Month IRA
0.70%$50k-12 Month Roth IRA
0.70%$50k-12 Month CESA
0.60%$50k-6 Month Member Rewards IRA
0.60%$50k-6 Month Member Rewards Roth IRA
0.60%$50k-6 Month Member Rewards CESA
0.50%$50k-6 Month IRA
0.50%$50k-6 Month Roth IRA
0.50%$50k-6 Month CESA
0.45%$50k-3 Month Member Rewards IRA
0.45%$50k-3 Month Member Rewards Roth IRA
0.45%$50k-3 Month Member Rewards CESA
0.35%$50k-3 Month IRA
0.35%$50k-3 Month Roth IRA
0.35%$50k-3 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


OPERATING ENGINEERS LOCAL UNION #3
NCUA #24235
BankRate ReportView
Year Chartered1963
Employees138
Primary Regulator

Assets and Liabilities

Assets$777.84 million
Loans$350.47 million
Deposits$661.95 million
Equity Capital$97.79 million
Loan Loss Allowance$16.73 million
Unbacked Noncurrent Loans$9.99 million
Real Estate Owned$553,000

Historic Data - December 2010

Assets$754.33 million
Equity Capital$93.03 million
Loan Loss Allowance$19.81 million
Unbacked Noncurrent Loans$12.69 million
Real Estate Owned$804,000

Profit Margin - Quarterly

Net Interest Margin5.73%
Return on Assets0.69%
Return on Equity5.5%
Interest Income$30.95 million
Non-Interest Income$4.91 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2011 Operating Engineers Local Union #3 Credit Union had $10.55 million in non-current loans and owned real-estate with $114.51 million in equity and loan loss allowances on hand to cover it. This gives Operating Engineers Local Union #3 Credit Union a Texas Ratio of 9.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Operating Engineers Local Union #3 Credit Union decreased slightly from 11.96% as of December 31, 2010 to 9.21% as of December 31, 2011, resulting in a positive change of 23.02%.This indicates that the balance sheet and financial strength for Operating Engineers Local Union #3 Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Operating Engineers Local Union #3 Credit Union has increased its total deposits by $17.78 million, resulting in 2.76% 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 Operating Engineers Local Union #3 Credit Union has shown is above average.
Capitalization5
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. Operating Engineers Local Union #3 Credit Union has $777.84 million in assets with $114.51 million in equity, resulting in a capitalization level of 14.72%, which is excellent.
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