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Overview / Commentary
1515 17th St
Two Rivers, WI 54241-3051

Riverwood-Maritime Credit Union is headquartered in Two Rivers and is the 80th largest credit union in the state of Wisconsin. It is also the 2,800th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 10 employees and 4,288 members. Riverwood-Maritime Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in Manitowoc County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Riverwood-Maritime Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Riverwood-Maritime Credit Union had $188,000 in non-current loans and owned real-estate with $2.91 million in equity and loan loss allowances on hand to cover it. This gives Riverwood-Maritime Credit Union a Texas Ratio of 6.46% 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 Riverwood-Maritime Credit Union experienced no significant changes from 3.98% as of March 31, 2013 to 6.46% as of March 31, 2014, resulting in a negative change of 62.25%. This indicates that the balance sheet and financial strength for Riverwood-Maritime Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Riverwood-Maritime Credit Union has increased its total deposits by $1.76 million, resulting in 6.02% 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 Riverwood-Maritime Credit Union has shown is excellent.



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. Riverwood-Maritime Credit Union has $33.88 million in assets with $2.91 million in equity, resulting in a capitalization level of 8.59%, which is average.

Institution Statistics

NCUA #66403
Year Chartered1938
Primary Regulator
Assets and Liabilities
Assets$33.88 million
Loans$19.07 million
Deposits$31.07 million
Equity Capital$2.79 million
Loan Loss Allowance$119,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$29,000
Historic Data - March 2013
Assets$32.07 million
Equity Capital$2.76 million
Loan Loss Allowance$106,000
Unbacked Noncurrent Loans$159,000
Real Estate Owned$29,000
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets-0.4%
Return on Equity-4.87%
Interest Income$207,000

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Riverwood-Maritime Credit Union Savings Account Rates

0.30%--Christmas Club
0.20%--Regular Savings
0.20%--IRA Share/Savings

Riverwood-Maritime Credit Union Money Market Rates

0.25%$50k-Money Market Share Draft

Riverwood-Maritime Credit Union Checking Account Rates

0.00%--Regular Share Draft

Riverwood-Maritime Credit Union CD Rates

0.20%$500-12 Month CD
0.00%$500-6 Month CD

Riverwood-Maritime Credit Union IRA Rates

0.20%$500-1 Year IRA

Riverwood-Maritime Credit Union Locations
Branch Office62 Maritime DrManitowoc, WI 54220-6843
Branch Office4519 Lincoln AveTwo Rivers, WI 54241-1874
Branch Office1515 17th StTwo Rivers, WI 54241-3051