2 star ratingAverage User Rating:
2 star rating based on 1 review.

Prime Financial Credit Union

Prime Financial Credit Union Locations
5656 S. Packard Ave.
Cudahy, WI 53110
800.835.9680
www.primefinancialcu.org



Prime Financial Credit Union is headquartered in CUDAHY and is the 34th largest credit union in the state of Wisconsin. It is also the 1,195th largest credit union in the nation. It was established in 1923 and as of September of 2011, it had grown to 62 employees and 27,250 members. Prime Financial Credit Union has a 2-star health rating.

Prime Financial Credit Union Routing Number: 275080282

Related Posts

1.51% Reward Checking Account at a Wisconsin Credit Union (Prime Financial) - 8/29/2008

Update 6/14/09: The top rate has fallen to 1.51% APY. Refer to the bottom of the website for the rate history.Prime Financial Credit Union is offering a reward checking account called PRIMO Checking. It pays 1.51% APY on balances up to $25,000 (0.25% for...



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

Prime Financial Credit Union Checking Account Rates

ApyMinMaxProduct
0.75%-$25kPRIMO Checking
0.15%--Summer Spending
0.10%$10k-Prime Time Checking Accounts
0.10%--Prime Time Direct Checking
0.10%--Prime Time Plus Checking
0.10%--Prime Time Teen Checking

Prime Financial Credit Union Savings Account Rates

ApyMinMaxProduct
0.25%--IRA Share
0.25%--Roth IRA Share
0.25%--CESA Share
0.15%--Christmas Club
0.15%--Lil' Saver's Club
0.15%--Prime Time Teen Share
0.15%--Prime Saver's Club
0.15%--Summer Spending
0.10%$300-Share Savings Accounts

Prime Financial Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$75k-Premier Money Market Accounts

Prime Financial Credit Union CD Rates

ApyMinMaxProduct
1.75%$250-5 Year CD
1.40%$250-4 Year CD
1.00%$250-3 Year CD
0.75%$250-2 Year CD
0.75%$250-30 Month CD
0.50%$250$25k1 Year Auto-Deposit CD
0.50%$250-18 Month CD
0.40%$250-1 Year CD
0.25%$250-182 Day Monthly CD
0.25%$250-182 Day Maturity CD
0.15%$250-60 Day CD
0.15%$250-90 Day CD

Prime Financial Credit Union IRA Rates

ApyMinMaxProduct
1.75%$250-5 Year IRA
1.75%$250-5 Year Roth IRA
1.75%$250-5 Year CESA
1.40%$250-4 Year IRA
1.40%$250-4 Year Roth IRA
1.40%$250-4 Year CESA
1.00%$250-3 Year IRA
1.00%$250-3 Year Roth IRA
1.00%$250-3 Year CESA
0.75%$250-2 Year IRA
0.75%$250-30 Month IRA
0.75%$250-2 Year Roth IRA
0.75%$250-30 Month Roth IRA
0.75%$250-2 Year CESA
0.75%$250-30 Month CESA
0.50%$250-1 Year Auto-Deposit IRA
0.50%$250-18 Month IRA
0.50%$250-1 Year Auto-Deposit Roth IRA
0.50%$250-18 Month Roth IRA
0.50%$250-1 Year Auto-Deposit CESA
0.50%$250-18 Month CESA
0.40%$250-1 Year IRA
0.40%$250-1 Year Roth IRA
0.40%$250-1 Year CESA
0.25%$250-182 Day Maturity IRA
0.25%$250-182 Day Monthly IRA
0.25%$250-182 Day Maturity Roth IRA
0.25%$250-182 Day Monthly Roth IRA
0.25%$250-182 Day Maturity CESA
0.25%$250-182 Day Monthly CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


PRIME FINANCIAL
NCUA #66449
BankRate ReportView
Year Established1923
Employees62
Primary Regulator

Assets and Liabilities

Assets$128.65 million
Loans$108.48 million
Deposits$119.34 million
Equity Capital$5.54 million
Loan Loss Allowance$3.01 million
Unbacked Noncurrent Loans$2.25 million
Real Estate Owned$639,000

Historic Data - September 2010

Assets$140.13 million
Equity Capital$5.27 million
Loan Loss Allowance$3.62 million
Unbacked Noncurrent Loans$4.20 million
Real Estate Owned$396,000

Profit Margin - Quarterly

Net Interest Margin4.05%
Return on Assets0.3%
Return on Equity6.88%
Interest Income$5.23 million
Non-Interest Income$1.00 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 Prime Financial Credit Union had $2.89 million in non-current loans and owned real-estate with $8.55 million in equity and loan loss allowances on hand to cover it. This gives Prime Financial Credit Union a Texas Ratio of 33.81% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Prime Financial Credit Union decreased slightly from 51.66% as of September 30, 2010 to 33.81% as of September 30, 2011, resulting in a positive change of 34.55%.This indicates that the balance sheet and financial strength for Prime Financial Credit Union has improved slightly in recent periods.
Deposit Growth1
In the past year, Prime Financial Credit Union has decreased its total deposits by -$11.23 million, resulting in -8.6% 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 Prime Financial Credit Union has shown is poor.
Capitalization2
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. Prime Financial Credit Union has $128.65 million in assets with $8.55 million in equity, resulting in a capitalization level of 6.65%, which is below average.
Write Review

Consider Another Credit Union
2 stars - JCarn - Thursday, August 11, 2011 - 3:19 PM

Prime Financial Credit Union ("PFCU") is probably the most unimaginative and uninspired financial institution that you're ever likely to come across.  It appears that they just assume that their members will always be their members, so why bother stoking the flames of the relationship?  To make matters worse, the average age of the members probably skews to 50 or over (I'm 55), which means that PFCU will weaken and collapse over time by simple virtue of the membership dying off.  This is a roundabout of saying that young people will find absolutely nothing compelling or even interesting about PFCU, leaving them free to look at other credit unions or even commercial banks.  And PFCU has a nasty habit of treating new customers like criminals who need to be put through the wringer a few times.  You're a good-for-nothing scammer until proven innocent.

Why would you join a credit union that has structured itself to fail over time?  A better local choice would be the University of Wisconsin Credit Union or, at the federal level, Pentagon Federal or Navy Federal.

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