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SAC Federal Credit Union

SAC Federal Credit Union Locations
PO Box 1149
Bellevue, NE 680051149
(404) 292-8000
www.sacfcu.com

SAC Federal Credit Union is headquartered in BELLEVUE and is the largest credit union in the state of Nebraska. It is also the 355th largest credit union in the nation. It was established in 1946 and as of December of 2011, it had grown to 187 employees and 68,521 members. SAC Federal Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

SAC Federal Credit Union Routing Number: 304083448

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High-Yield Reward Checking at SAC Federal Credit Union in NE & IA - Local Only - 8/1/2010

SAC Federal Credit Union is offering a high-yield reward checking account with the following rates and features if certain monthly requirements are met (as of 8/01/2010): 4.01% APY for balances ...



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

SAC Federal Credit Union Checking Account Rates

ApyMinMaxProduct
3.01%-$15kHigh Yield Checking
0.20%$300-E-SAC Checking
0.15%$300-Prestige Checking

SAC Federal Credit Union Savings Account Rates

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1.00%--Holiday Club
1.00%--Vacation Club
0.25%$25k-Share Savings

SAC Federal Credit Union Money Market Rates

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0.75%$10k-Share IRA Money Market
0.75%$10k-Share Roth IRA Money Market
0.50%$50k-Share Draft Money Market

SAC Federal Credit Union CD Rates

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2.10%$1k-60 Month Term Certificate
1.30%$25k-24 Month Term Certificate
1.00%$25k-18 Month Term Certificate
0.98%$25k-12 Month Term Certificate
0.65%$25k-6 Month Term Certificate

SAC Federal Credit Union IRA Rates

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1.00%$25k-18 Month IRA Term Share
1.00%$25k-18 Month Roth IRA Term Share

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


SAC
NCUA #5400
BankRate ReportView
Year Chartered1946
Employees187
Primary Regulator

Assets and Liabilities

Assets$560.75 million
Loans$491.62 million
Deposits$465.16 million
Equity Capital$47.68 million
Loan Loss Allowance$3.16 million
Unbacked Noncurrent Loans$2.60 million
Real Estate Owned$288,000

Historic Data - December 2010

Assets$476.63 million
Equity Capital$44.14 million
Loan Loss Allowance$3.02 million
Unbacked Noncurrent Loans$2.67 million

Profit Margin - Quarterly

Net Interest Margin3.77%
Return on Assets0.53%
Return on Equity6.28%
Interest Income$23.85 million
Non-Interest Income$7.62 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 SAC Federal Credit Union had $2.89 million in non-current loans and owned real-estate with $50.83 million in equity and loan loss allowances on hand to cover it. This gives SAC Federal Credit Union a Texas Ratio of 5.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for SAC Federal Credit Union held steady from 5.65% as of December 31, 2010 to 5.69% as of December 31, 2011, resulting in a negative change of 0.64%. This indicates that the balance sheet and financial strength for SAC Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, SAC Federal Credit Union has increased its total deposits by $62.52 million, resulting in 15.53% 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 SAC Federal Credit Union has shown is excellent.
Capitalization3
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. SAC Federal Credit Union has $560.75 million in assets with $50.83 million in equity, resulting in a capitalization level of 9.07%, which is average.
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Reward Checking Account Changes As Of Apr 1, 2012
5 stars - nonac - Friday, March 23, 2012 - 7:48 AM

It's not yet on SAC's web site but per an email from them changes are a coming to their reward checking account:

 

mportant Notice: These Changes will be effective April 1st, 2012

Balance Changes:

SAC FCU's High Yield Checking rate of 3.01% Annual Percentage Yield will be paid on balances up to $15,000 (Currently up to $25,000).  Rate is 0.15% APY on balances over $15,000.  0.10% APY applies to all balances if qualifications are not met.

Qualifications Changes Effective April 1st, 2012:

 - High Yield Checking Accounts opened on or after April 1st, 2012 will require a direct deposit to the account to qualify for the 3.01% APY Interest Rate.  Accounts opened prior to April 1, 2012 do not require direct deposit.
 - Make 12 Debit Card Transactions with net debit card transactions totaling a minimum of $120 per month.  Currently there is not a dollar limit requirement on total debit transactions.  This will apply to both existing and new accounts.
 - Enroll and Receive Electronic Statements (No Change).

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