Pacific Marine Credit Union is headquartered in Oceanside and is the 55th largest credit union in the state of California. It is also the 316st largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 239 employees and 78,866 members. Pacific Marine Credit Union's CD rates are 4X the national average, and it has a A health rating.
Must live, work or worship in San Diego, Riverside or San Bernardino County. - See Details
San Marcos, CA
8/14/2010 As of 2009, Gitmo Bay banking run by military jarheads who have issues with civilians. Enter, wait at least 15 min. even if 5 staff are not helping any other person. Must remove all headgear. Must remove sunglasses, you terrorist suspects. Present preprinted deposit slip supplicating to make deposit. Repeat name. Repeat address. Repeat telephone number, all verbally to teller. This "proves" your identity, or that identity thieves can READ. These are on the bank's own slip already yet. Say that you have not changed your address, verbally, from that of the slip. Ditto. Provide password. ONLY THEN can you potential terrorists/thieves present cash or checks as inbound tickets. Every other bank in America, anyone can DEPOSIT to anyone's account, of themselves or others, by giving pre-existing account # and name--nothing is leaving the institution, after all. It does not take half an hour and interrogation. I shudder to think about attempting a withdrawal, an armed marine would probably have to supervise your every step.
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 Pacific Marine Credit Union had $1.56 million in non-current loans and owned real-estate with $99.31 million in equity and loan loss allowances on hand to cover it. This gives Pacific Marine Credit Union a Texas Ratio of 1.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Pacific Marine Credit Union decreased dramatically from 2.45% as of December 31, 2012 to 1.57% as of December 31, 2013, resulting in a positive change of 35.88%.This indicates that the balance sheet and financial strength for Pacific Marine Credit Union has improved dramatically in recent periods.
In the past year, Pacific Marine Credit Union has increased its total deposits by $5.71 million, resulting in 1% 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 Pacific Marine Credit Union has shown is above average.
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. Pacific Marine Credit Union has $685.53 million in assets with $99.31 million in equity, resulting in a capitalization level of 14.49%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$95.58 million|
|Loan Loss Allowance||$3.73 million|
|Unbacked Noncurrent Loans||$1.49 million|
|Real Estate Owned||$69,000|
|Historic Data - December 2012|
|Equity Capital||$91.48 million|
|Loan Loss Allowance||$4.83 million|
|Unbacked Noncurrent Loans||$1.49 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.29%|
|Return on Assets||0.6%|
|Return on Equity||4.31%|
|Interest Income||$18.50 million|
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|0.15%||-||-||Share Savings Account|
|0.15%||$50||-||Individual Retirement Account|
|0.30%||$50k||-||Money Market IRAs|
|4.00%||$100||-||1 Year Military Saver Certificates|
|1.55%||$1k||-||5 Year Share Certificates|
|1.30%||$100||-||3 Year Military Saver Certificates|
|1.15%||$1k||-||4 Year Share Certificates|
|1.05%||$1k||-||3 Year Saver Certificate|
|0.95%||$1k||-||3 Year Share Certificates|
|0.95%||$100||-||2 Year Military Saver Certificates|
|0.70%||$1k||-||2 Year Saver Certificate|
|0.65%||$100||-||6 Month Military Saver Certificates|
|0.60%||$1k||-||2 Year Share Certificates|
|0.45%||$1k||-||1 Year Saver Certificate|
|0.40%||$1k||-||6 Month Saver Certificates|
|0.35%||$1k||-||1 Year Share Certificates|
|0.30%||$1k||-||6 Month Share Certificates|
|1.55%||$1k||-||5 Year IRA Share Certificate|
|1.15%||$1k||-||4 Year IRA Share Certificate|
|0.95%||$1k||-||3 Year IRA Share Certificate|
|0.60%||$1k||-||2 Year IRA Share Certificate|
|0.35%||$1k||-||1 Year IRA Share Certificate|
|0.30%||$1k||-||6 Month IRA Share Certificates|