SAC Federal Credit Union is headquartered in Bellevue and is the largest credit union in the state of Nebraska. It is also the 328th largest credit union in the nation. It was established in 1946 and as of September of 2013, it had grown to 197 employees and 75,849 members. SAC Federal Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.
Membership in SAC FCU is available to anyone who lives, works, attends school, or worships in Douglas, Sarpy and Cass Counties, NE, and Pottawattamie County, IA. Businesses and other entities qualify if they are located within any of the four counties. - See Details
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
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).
Home wreckers, spouse cheating on, and the management is worthless. Be cautious! Some of the FSO's there can't control their own financial situations...do you want them to "try" with yours???
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 September 30, 2013 SAC Federal Credit Union had $3.2 million in non-current loans and owned real-estate with $60.55 million in equity and loan loss allowances on hand to cover it. This gives SAC Federal Credit Union a Texas Ratio of 5.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for SAC Federal Credit Union held steady from 4.30% as of September 30, 2012 to 5.29% as of September 30, 2013, resulting in a negative change of 23.11%. This indicates that the balance sheet and financial strength for SAC Federal Credit Union has held steady in recent periods.
In the past year, SAC Federal Credit Union has increased its total deposits by $53.36 million, resulting in 10.92% 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.
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 $656.52 million in assets with $60.55 million in equity, resulting in a capitalization level of 9.22%, which is average.
|Assets and Liabilities|
|Equity Capital||$56.48 million|
|Loan Loss Allowance||$4.07 million|
|Unbacked Noncurrent Loans||$3.14 million|
|Real Estate Owned||$65,000|
|Historic Data - September 2012|
|Equity Capital||$51.99 million|
|Loan Loss Allowance||$3.23 million|
|Unbacked Noncurrent Loans||$3.14 million|
|Real Estate Owned||$157,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.69%|
|Return on Assets||0.63%|
|Return on Equity||7.32%|
|Interest Income||$18.99 million|
Always verify rates and promotions with the bank or credit union. We are not SAC Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.50%||$10k||-||Share IRA Money Market|
|0.50%||$10k||-||Share Roth IRA Money Market|
|0.30%||$50k||-||Share Draft Money Market|
|5.01%||-||$1k||Saver's Advantage Checking|
|2.01%||-||$15k||High Yield Checking|
|0.10%||-||-||Saver's Advantage Checking|
|0.05%||-||-||High Yield Checking|
|1.61%||$1k||-||60 Month Term Certificate|
|0.90%||$25k||-||24 Month Term Certificate|
|0.80%||$25k||-||18 Month Term Certificate|
|0.70%||$25k||-||12 Month Term Certificate|
|0.50%||$25k||-||6 Month Term Certificate|
|0.80%||$25k||-||18 Month IRA Term Share|
|0.80%||$25k||-||18 Month Roth IRA Term Share|