Average User Rating:
1 star rating based on 1 review.

Police Credit Union

9100 Presidential Parkway
Upper Marlboro, MD 20772
301.817.1200
www.policefcu.com

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Police Credit Union is headquartered in Upper Marlboro and is the 29^th largest credit union in the state of Maryland. It is also the 1,145^th largest credit union in the nation. It was established in 1935 and as of March of 2013, it had grown to 36 employees and 11,123 members. Police Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

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

Police Credit Union Checking Account Rates

Apy	Min	Max	Product
0.12%	-	-	Benefits Plus Checking Account
0.06%	-	-	Checking Account

Police Credit Union Savings Account Rates

Apy	Min	Max	Product
1.00%	$25	-	IRA Share Account
1.00%	$25	-	Coverdell Share Account
1.00%	$25	-	Roth IRA Share Account
1.00%	$25	-	SEP IRA Share Account
0.50%	-	-	Club Account
0.15%	-	-	Share Savings
0.15%	-	-	Sub-Share Account

Police Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$25k	-	Money Market Account

Police Credit Union CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	48 Month CD
1.25%	$1k	-	36 Month CD
0.95%	$1k	-	24 Month CD
0.55%	$1k	-	12 Month CD
0.45%	$1k	-	6 Month CD

Police Credit Union IRA Rates

Apy	Min	Max	Product
2.50%	$100	-	12-Month Add-on IRA
2.50%	$100	-	12 Month Add-on Coverdell Share
2.50%	$100	-	12-Month Add-on Roth IRA
2.50%	$100	-	12-Month Add-on SEP IRA
2.00%	$500	-	60 Month IRA Share
2.00%	$250	-	60 Month Coverdell Share
2.00%	$500	-	60 Month Roth IRA Share
2.00%	$500	-	60 Month SEP IRA Share
1.50%	$500	-	48 Month IRA Share
1.50%	$250	-	48 Month Coverdell Share
1.50%	$500	-	48 Month Roth IRA Share
1.50%	$500	-	48 Month SEP IRA Share
1.25%	$500	-	36 Month IRA Share
1.25%	$250	-	36 Month Coverdell Share
1.25%	$500	-	36 Month Roth IRA Share
1.25%	$500	-	36 Month SEP IRA Share
0.95%	$500	-	24 Month IRA Share
0.95%	$250	-	24 Month Coverdell Share
0.95%	$500	-	24 Month Roth IRA Share
0.95%	$500	-	24 Month SEP IRA Share
0.55%	$500	-	12 Month IRA Share
0.55%	$250	-	12 Month Coverdell Share
0.55%	$500	-	12 Month Roth IRA Share
0.55%	$500	-	12 Month SEP IRA Share

Rates updated: 6/18/2013

Data for Q1 2013

Institution Statistics

POLICE
NCUA #	16401
BankRate Report	View
Year Chartered	1935
Employees	36
Primary Regulator
Assets and Liabilities
Assets	$147.91 million
Loans	$65.17 million
Deposits	$131.39 million
Equity Capital	$16.12 million
Loan Loss Allowance	$972,000
Unbacked Noncurrent Loans	$972,000
Historic Data - March 2012
Assets	$148.14 million
Equity Capital	$15.58 million
Loan Loss Allowance	$1.34 million
Unbacked Noncurrent Loans	$1.37 million
Real Estate Owned	$198,000
Profit Margin - Quarterly
Net Interest Margin	1.3%
Return on Assets	0.9%
Return on Equity	8.29%
Interest Income	$1.17 million
Non-Interest Income	$431,000

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 March 31, 2013 Police Credit Union had $972,000 in non-current loans and owned real-estate with $17.09 million in equity and loan loss allowances on hand to cover it. This gives Police Credit Union a Texas Ratio of 5.69% 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 Police Credit Union decreased slightly from 9.28% as of March 31, 2012 to 5.69% as of March 31, 2013, resulting in a positive change of 38.73%.This indicates that the balance sheet and financial strength for Police Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Police Credit Union has decreased its total deposits by $-719,000, resulting in -0.54% 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 Police 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. Police Credit Union has $147.91 million in assets with $17.09 million in equity, resulting in a capitalization level of 11.55%, which is above average.

Police Federal Credit Union In Maryland And DC
1 stars

- sheena - Saturday, November 17, 2012 - 4:13 AM

After opening a checking account at the PFCU and paying my first bills with them, I paid my bills online thru my creditors, the PFCU returned 3 of my requested payments as ACCOUNT NOT LOCATED they did this because my creditor did not include my name in the payment transmittal (common practice for some if not all) my creditor charged me late fees and returned payment fees, one of them dismissed the fee the others did not. When I confronted PFCU about them not paying my bills they said they did it because my name was not included in the EFT transmittal only my account number was listed, when i told them i was charged fees by my creditors for this they stated they would not reimburse me as it was not an error on their part. now i have fees and damaged credit from this. From what the EFT manager said they do this regularly to their customers yet he was quick to offer an override on my account so that it would not happen again. Why do they do this in the first place if they will so easily override it??? Never heard of such a practice and I have closed that account and would not advise anyone of having a checking account with PFCU.