San Mateo Credit Union

350 Convention Way
Redwood City, CA 94063
(888) 363-1725
www.smcu.org

NCUA

OverView
Rates
Health
Reviews

San Mateo Credit Union is headquartered in Redwood City and is the 50^th largest credit union in the state of California. It is also the 303^rd largest credit union in the nation. It was established in 1952 and as of December of 2012, it had grown to 172 employees and 74,498 members. San Mateo Credit Union has a 5-star health rating.

5.15% 12-Month / 5.05% 5-Month CD at a California CU (San Mateo). - 12/30/2007

San Mateo Credit Union continues to offer some nice special certificates, but the rates continue to go down. The 12-month term is now 5.15% APY (was 5.25%) and the 5-month term is now 5.05% APY (was 5.50%)The minimum deposit is $10,000 of new money. The...

5.50% 5-Month / 5.25% 12-Month CD at a California CU (San Mateo) - 11/30/2007

Update 12/15/07: The 7% 7-month CD has ended. The rates on the 5-month and 12-month CD specials have dropped to 5.50% APY for the 5-month CD and 5.25% APY for the 12-month CD.San Mateo Credit Union will be offering a special 7.00% APY 7-month...

5.75% 5-Month / 5.50% 12-Month CD at a California CU (San Mateo) - 10/8/2007

San Mateo Credit Union is offering two certificate specials. The first is a 5.75% APY 5-month certificate. The minimum deposit is $10,000, and it requires new money. It's only available at the credit union's On Broadway and Westlake branch locations....

8.00% 18-Month CD at a California CU - $2K Max (San Mateo). - 6/21/2007

San Mateo Credit Union is offering a special 8.00% APY 18-month certificate that's only offered at their Broadway Branch, and it's only offered this Saturday on June 23, 2007. The maximum deposit allowed is $2,000, and it's limited to one per member....

2007

5/14 - 5.50% 12-Month CD at a California CU (San Mateo)

Report an Issue

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

San Mateo Credit Union Checking Account Rates

Apy	Min	Max	Product
0.08%	$10k	-	High-Yield Interest Checking
0.06%	$25k	-	Interest Checking

San Mateo Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	$100	-	Health Savings Account
0.10%	$100	-	IRA
0.05%	$50	-	Regular Savings
0.05%	$100	-	Business Savings
0.05%	-	-	Youth Savers
0.05%	$25	-	Holiday Savings

San Mateo Credit Union Money Market Rates

Apy	Min	Max	Product
0.18%	$100k	-	Money Market Plus
0.18%	$100k	-	Business Money Market Plus

San Mateo Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$2k	-	60 Month CD
0.75%	$2k	-	48 Month CD
0.50%	$2k	-	36 Month CD
0.30%	$2k	-	30 Month CD
0.30%	$2k	-	24 Month CD
0.25%	$2k	-	18 Month CD
0.25%	$2k	-	12 Month CD
0.25%	$250	-	12 Month Youth CD
0.20%	$2k	-	11 Month CD
0.15%	$2k	-	6 Month CD
0.15%	$500	-	9 Month Add-On CD
0.10%	$2k	-	3 Month CD
0.10%	$100	-	15 Month Registry CD

San Mateo Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$2k	-	60 Month IRA
1.00%	$2k	-	60 Month Roth IRA
1.00%	$500	-	60 Month CESA
0.75%	$2k	-	48 Month IRA
0.75%	$2k	-	48 Month Roth IRA
0.75%	$500	-	48 Month CESA
0.50%	$2k	-	36 Month IRA
0.50%	$2k	-	36 Month Roth IRA
0.50%	$500	-	36 Month CESA
0.30%	$2k	-	24 Month IRA
0.30%	$2k	-	30 Month IRA
0.30%	$2k	-	24 Month Add-On IRA
0.30%	$2k	-	24 Month Add-On Roth IRA
0.30%	$2k	-	24 Month Roth IRA
0.30%	$2k	-	30 Month Roth IRA
0.30%	$500	-	24 Month Add-On CESA
0.30%	$500	-	24 Month CESA
0.30%	$500	-	30 Month CESA
0.25%	$2k	-	12 Month IRA
0.25%	$2k	-	18 Month IRA
0.25%	$2k	-	12 Month Roth IRA
0.25%	$2k	-	18 Month Roth IRA
0.25%	$500	-	12 Month CESA
0.25%	$500	-	18 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

SAN MATEO
NCUA #	62736
BankRate Report	View
Year Chartered	1952
Employees	172
Primary Regulator
Assets and Liabilities
Assets	$712.68 million
Loans	$399.77 million
Deposits	$652.99 million
Equity Capital	$55.27 million
Loan Loss Allowance	$4.89 million
Unbacked Noncurrent Loans	$1.95 million
Historic Data - December 2011
Assets	$649.14 million
Equity Capital	$49.22 million
Loan Loss Allowance	$8.54 million
Unbacked Noncurrent Loans	$2.62 million
Real Estate Owned	$202,000
Profit Margin - Quarterly
Net Interest Margin	4.83%
Return on Assets	0.85%
Return on Equity	10.94%
Interest Income	$25.62 million
Non-Interest Income	$10.70 million

Institution Health

Overall Score:

5 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, 2012 San Mateo Credit Union had $1.95 million in non-current loans and owned real-estate with $60.16 million in equity and loan loss allowances on hand to cover it. This gives San Mateo Credit Union a Texas Ratio of 3.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for San Mateo Credit Union decreased slightly from 4.88% as of December 31, 2011 to 3.24% as of December 31, 2012, resulting in a positive change of 33.64%.This indicates that the balance sheet and financial strength for San Mateo Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, San Mateo Credit Union has increased its total deposits by $56.89 million, resulting in 9.54% 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 Mateo Credit Union has shown is excellent.
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. San Mateo Credit Union has $712.68 million in assets with $60.16 million in equity, resulting in a capitalization level of 8.44%, which is average.