Riverwood-Maritime Credit Union

Riverwood-Maritime Credit Union Locations

1515 17Th St.
Two Rivers, WI 54241
(920)793-1700
www.r-mcu.com

OverView
Rates
Health
Reviews

Riverwood-Maritime Credit Union is headquartered in TWO RIVERS and is the 85^th largest credit union in the state of Wisconsin. It is also the 2,929^th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 8 employees and 4,403 members. Riverwood-Maritime Credit Union has a 4-star health rating.

4.57% 12-Month / 4.37% 24-Month CD at a Wisconsin CU (Riverwood-Maritime). - 2/22/2008

Update 3/1/08: The CD rates have fallen. Please check the institution's website for the latest rates.Riverwood - Maritime Credit Union is listing some competitive certificate rates. These include a 4.57% APY 12-month CD, a 4.37% APY 24-month CD and a...

Report an Issue

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

Riverwood-Maritime Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Regular Share Draft

Riverwood-Maritime Credit Union Savings Account Rates

Apy	Min	Max	Product
0.30%	-	-	Christmas Club
0.20%	-	-	Regular Savings
0.20%	-	-	IRA Share/Savings

Riverwood-Maritime Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.25%	$50k	-	Money Market Share Draft

Riverwood-Maritime Credit Union CD Rates

Apy	Min	Max	Product
0.20%	$500	-	6 Month CD
0.20%	$500	-	12 Month CD

Riverwood-Maritime Credit Union IRA Rates

	Apy	Min	Max	Product
	0.20%	$500	-	1 Year IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

RIVERWOOD-MARITIME
NCUA #	66403
BankRate Report	View
Year Chartered	1938
Employees	8
Primary Regulator
Assets and Liabilities
Assets	$30.25 million
Loans	$20.07 million
Deposits	$27.60 million
Equity Capital	$2.64 million
Loan Loss Allowance	$97,000
Unbacked Noncurrent Loans	$421,000
Historic Data - December 2010
Assets	$29.15 million
Equity Capital	$2.73 million
Loan Loss Allowance	$65,000
Unbacked Noncurrent Loans	$438,000
Real Estate Owned	$78,000
Profit Margin - Quarterly
Net Interest Margin	4.5%
Return on Assets	-0.3%
Return on Equity	-3.45%
Interest Income	$1.03 million
Non-Interest Income	$134,000

Institution Health

Overall Score:

4 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 December 31, 2011 Riverwood-Maritime Credit Union had $421,000 in non-current loans and owned real-estate with $2.74 million in equity and loan loss allowances on hand to cover it. This gives Riverwood-Maritime Credit Union a Texas Ratio of 15.38% which is average. 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 decreased slightly from 18.44% as of December 31, 2010 to 15.38% as of December 31, 2011, resulting in a positive change of 16.62%.This indicates that the balance sheet and financial strength for Riverwood-Maritime Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Riverwood-Maritime Credit Union has increased its total deposits by $1.2 million, resulting in 4.55% 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 above 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. Riverwood-Maritime Credit Union has $30.25 million in assets with $2.74 million in equity, resulting in a capitalization level of 9.05%, which is average.