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PrimeTrust Financial Federal Credit Union

Based on 1 review
Overview / Commentary
765-289-2148
3700 W Bethel Ave
Muncie, IN 47304

PrimeTrust Financial Federal Credit Union is headquartered in MUNCIE and is the 30th largest credit union in the state of Indiana. It is also the 1,163rd largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 58 employees and 18,045 members. PrimeTrust Financial Federal Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Delaware County. - See Details

Reviews (1)

Terrible Ethics! They Release Info Illegally.

I banked here for years until I found out a certain teller was giving my personal account printouts to someone who wasn't even a signer on the accounts. That is fraud and SO wrong! Then because that teller got in trouble her friend named JACKIE who works in the main office got mad and decided to target me and my accounts to cause me as many problems as she could. A BUNCH of people who work there are unprofessional and run around telling others info that is none of their business and is supposed to be kept confidential. When someone gave my account printouts to my ex who was never on the accounts she should have been put in jail for enabling someone to commit identity theft. Nothing you give these people is confidential so if you are wanting that with a place to bank, don't pick this place...it is full of bored women who will do anything to create drama, and they release confidential info to others they don't have the right to tell it to. They are prime examples of people that need to be fired and kicked out of the banking industry, period. My complaint to the Attorney General is being reviewed and money she took to further her own personal accounts is being audited. I hope she ends up in jail. She belongs there.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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 PrimeTrust Financial Federal Credit Union had $1.38 million in non-current loans and owned real-estate with $16.99 million in equity and loan loss allowances on hand to cover it. This gives PrimeTrust Financial Federal Credit Union a Texas Ratio of 8.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for PrimeTrust Financial Federal Credit Union experienced no significant changes from 6.51% as of December 31, 2012 to 8.10% as of December 31, 2013, resulting in a negative change of 24.47%. This indicates that the balance sheet and financial strength for PrimeTrust Financial Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, PrimeTrust Financial Federal Credit Union has increased its total deposits by $4.12 million, resulting in 3.37% 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 PrimeTrust Financial Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. PrimeTrust Financial Federal Credit Union has $144.27 million in assets with $16.99 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
NCUA #489
Year Chartered1935
Employees58
Primary Regulator
Assets and Liabilities
Assets$144.27 million
Loans$96.61 million
Deposits$126.22 million
Equity Capital$15.80 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$0
Historic Data - December 2012
Assets$139.65 million
Equity Capital$15.53 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.64%
Return on Assets0.19%
Return on Equity1.75%
Interest Income$6.24 million
Rates

Always verify rates and promotions with the bank or credit union. We are not PrimeTrust Financial Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

PrimeTrust Financial Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Roth IRA
0.15%--Traditional IRA
0.10%--Savings

PrimeTrust Financial Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market

PrimeTrust Financial Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Interest Checking

PrimeTrust Financial Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%--5 Year CD
1.10%--4 Year CD
0.70%--3 Year CD
0.45%--2 Year CD
0.30%--1 Year CD
0.15%--6 Month CD

PrimeTrust Financial Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%--5 Year IRA (Traditional,Roth)
1.10%--4 Year IRA (Traditional,Roth)
0.70%--3 Year IRA (Traditional,Roth)
0.45%--2 Year IRA (Traditional,Roth)
0.30%--1 Year IRA (Traditional,Roth)
0.15%--6 Month IRA (Traditional,Roth)
Locations


PrimeTrust Financial Federal Credit Union Locations
Branch Office3700 W Bethel AveMuncie, IN 47304
Branch Office3230 S Madison StMuncie, IN 47302
Branch Office4018 N Broadway AveMuncie, IN 47303