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619-297-4835
P.O. Box 719099
San Diego, CA 92171

San Diego Metropolitan Credit Union is headquartered in San Diego and is the 101st largest credit union in the state of California. It is also the 793rd largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 71 employees and 15,541 members. San Diego Metropolitan Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in San Diego County or be an employee of several selected companies and groups. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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 San Diego Metropolitan Credit Union had $3.43 million in non-current loans and owned real-estate with $25.56 million in equity and loan loss allowances on hand to cover it. This gives San Diego Metropolitan Credit Union a Texas Ratio of 13.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for San Diego Metropolitan Credit Union experienced no significant changes from 13.95% as of December 31, 2012 to 13.41% as of December 31, 2013, resulting in a positive change of 3.85%.This indicates that the balance sheet and financial strength for San Diego Metropolitan Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, San Diego Metropolitan Credit Union has decreased its total deposits by -$1.12 million, resulting in -0.5% 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 San Diego Metropolitan Credit Union has shown is average.

Capitalization

GRADE:
B+

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. San Diego Metropolitan Credit Union has $245.25 million in assets with $25.56 million in equity, resulting in a capitalization level of 10.42%, which is above average.

Institution Statistics

Overall
NCUA #61003
Year Chartered1934
Employees71
Primary Regulator
Assets and Liabilities
Assets$245.25 million
Loans$174.80 million
Deposits$221.07 million
Equity Capital$18.84 million
Loan Loss Allowance$6.72 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$0
Historic Data - December 2012
Assets$243.27 million
Equity Capital$17.04 million
Loan Loss Allowance$7.98 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$581,000
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets0.98%
Return on Equity12.8%
Interest Income$9.91 million
Rates

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San Diego Metropolitan Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Regular Share Account
0.05%$100-Savings Account
0.05%$25-Daily IRA
0.05%$25-Education Savings
0.05%$100-Aspire Savings
0.05%$25-Daily Roth IRA

San Diego Metropolitan Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Money Market

San Diego Metropolitan Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-METRO Rewards Checking
0.05%$2,500-METRO Dividend Checking

San Diego Metropolitan Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.11%$90k-60 Month Certificate
0.55%$90k-36 Month Certificate
0.40%$90k-24 Month Certificate
0.25%$90k-18 Month Certificate
0.25%$90k-12 Month Certificate
0.20%$90k-8 Month Certificate
0.20%$90k-6 Month Certificate
0.15%$90k-3 Month Certificate

San Diego Metropolitan Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.11%$90k-60 Month IRA Certificate (Traditional,Roth)
0.55%$90k-36 Month IRA Certificate (Traditional,Roth)
0.40%$90k-24 Month IRA Certificate (Traditional,Roth)
0.25%$90k-12 Month IRA Certificate (Traditional,Roth)
0.25%$90k-18 Month IRA Certificate (Traditional,Roth)
0.20%$90k-6 Month IRA Certificate (Traditional,Roth)
0.20%$90k-8 Month IRA Certificate (Traditional,Roth)
Locations


San Diego Metropolitan Credit Union Locations
Branch Office119 Fletcher PkwyEl Cajon, CA 92020-2510
Branch Office320 B StSan Diego, CA 92101-4204
Branch Office9212 Balboa AveSan Diego, CA 921231514
Branch Office344 F StChula Vista, CA 91910-2645