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Overview / Commentary
920-793-1700
1515 17th St
Two Rivers, WI 54241

Riverwood-Maritime Credit Union is headquartered in TWO RIVERS and is the 81st largest credit union in the state of Wisconsin. It is also the 2,810st largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 10 employees and 4,307 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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Health

Data for Q4 2013

Institution Health

B
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

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 Riverwood-Maritime Credit Union had $277,000 in non-current loans and owned real-estate with $2.94 million in equity and loan loss allowances on hand to cover it. This gives Riverwood-Maritime Credit Union a Texas Ratio of 9.41% 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 Riverwood-Maritime Credit Union experienced no significant changes from 8.64% as of December 31, 2012 to 9.41% as of December 31, 2013, resulting in a negative change of 8.85%. This indicates that the balance sheet and financial strength for Riverwood-Maritime Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Riverwood-Maritime Credit Union has increased its total deposits by $2.16 million, resulting in 7.72% 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.

Capitalization

GRADE:
C

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 $32.98 million in assets with $2.94 million in equity, resulting in a capitalization level of 8.93%, which is average.

Institution Statistics

Overall
NCUA #66403
Year Chartered1938
Employees10
Primary Regulator
Assets and Liabilities
Assets$32.98 million
Loans$19.77 million
Deposits$30.14 million
Equity Capital$2.83 million
Loan Loss Allowance$118,000
Unbacked Noncurrent Loans$248,000
Real Estate Owned$29,000
Historic Data - December 2012
Assets$30.74 million
Equity Capital$2.75 million
Loan Loss Allowance$97,000
Unbacked Noncurrent Loans$248,000
Real Estate Owned$29,000
Profit Margin - Quarterly
Net Interest Margin4.39%
Return on Assets0.23%
Return on Equity2.65%
Interest Income$928,000
Rates

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

Riverwood-Maritime Credit Union Savings Account Rates

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

Riverwood-Maritime Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Share Draft

Riverwood-Maritime Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Regular Share Draft

Riverwood-Maritime Credit Union CD Rates

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

Riverwood-Maritime Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-1 Year IRA
Locations


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