San Mateo Credit Union

San Mateo Credit Union Locations
350 Convention Way
Redwood City, CA 94063
(888) 363-1725
www.smcu.org

NCUA


San Mateo Credit Union is headquartered in Redwood City and is the 50th largest credit union in the state of California. It is also the 299th largest credit union in the nation. It was established in 1952 and as of March of 2013, it had grown to 170 employees and 75,313 members. San Mateo Credit Union has a 5-star health rating.

Related Posts

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




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

San Mateo Credit Union Checking Account Rates

ApyMinMaxProduct
0.08%$10k-High-Yield Interest Checking
0.06%$25k-Interest Checking

San Mateo Credit Union Savings Account Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
0.18%$100k-Money Market Plus
0.18%$100k-Business Money Market Plus

San Mateo Credit Union CD Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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: 6/19/2013

Data for Q1 2013


Institution Statistics


SAN MATEO
NCUA #62736
BankRate ReportView
Year Chartered1952
Employees170
Primary Regulator

Assets and Liabilities

Assets$745.13 million
Loans$404.69 million
Deposits$682.98 million
Equity Capital$56.77 million
Loan Loss Allowance$4.30 million
Unbacked Noncurrent Loans$1.60 million

Historic Data - March 2012

Assets$695.62 million
Equity Capital$51.61 million
Loan Loss Allowance$7.15 million
Unbacked Noncurrent Loans$4.02 million
Real Estate Owned$202,000

Profit Margin - Quarterly

Net Interest Margin1.17%
Return on Assets0.81%
Return on Equity10.58%
Interest Income$6.28 million
Non-Interest Income$2.73 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 March 31, 2013 San Mateo Credit Union had $1.6 million in non-current loans and owned real-estate with $61.07 million in equity and loan loss allowances on hand to cover it. This gives San Mateo Credit Union a Texas Ratio of 2.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for San Mateo Credit Union decreased significantly from 7.19% as of March 31, 2012 to 2.61% as of March 31, 2013, resulting in a positive change of 63.65%.This indicates that the balance sheet and financial strength for San Mateo Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, San Mateo Credit Union has increased its total deposits by $43.52 million, resulting in 6.81% 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.
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. San Mateo Credit Union has $745.13 million in assets with $61.07 million in equity, resulting in a capitalization level of 8.20%, which is average.
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