Seaport CU (MA)

336 Lafayette St
Salem, MA 01970
978.744.1153
www.seaportcu.org

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Seaport CU (MA) is headquartered in Salem and is the 67^th largest credit union in the state of Massachusetts. It is also the 2,033^rd largest credit union in the nation. It was established in 1926 and as of December of 2011, it had grown to 9 employees and 3,390 members. Seaport CU (MA) has a 4-star health rating.

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

Seaport CU (MA) Checking Account Rates

Apy	Min	Max	Product
0.60%	$100k	-	Seaport Preferred Checking
0.15%	-	-	eChecking
0.15%	-	-	Senior Advantage Checking
0.00%	-	-	NOW Checking
0.00%	-	-	Student Checking

Seaport CU (MA) Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Main Share Savings
0.15%	-	-	Club Accounts

Seaport CU (MA) Money Market Rates

	Apy	Min	Max	Product
	0.60%	$100k	-	Money Market Account

Seaport CU (MA) CD Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month Latitude 43 CD
1.55%	$500	-	60 Month CD
1.45%	$500	-	48 Month Latitude 43 CD
1.35%	$500	-	48 Month CD
1.35%	$500	-	36 Month Latitude 43 CD
1.25%	$500	-	36 Month CD
1.10%	$500	-	24 Month Latitude 43 CD
1.05%	$500	-	18 Month Latitude 43 CD
1.00%	$500	-	24 Month CD
0.95%	$500	-	18 Month CD
0.90%	$500	-	12 Month Latitude 43 CD
0.70%	$500	-	12 Month CD
0.55%	$500	-	6 Month Latitude 43 CD
0.45%	$500	-	6 Month CD
0.45%	$500	-	91 Day Latitude 43 CD
0.35%	$500	-	3 Month CD

Seaport CU (MA) IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month IRA
1.45%	$500	-	48 Month IRA
1.35%	$500	-	36 Month IRA
1.10%	$500	-	24 Month IRA
1.05%	$500	-	18 Month IRA
0.80%	$500	-	12 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

SEAPORT
NCUA #	67781
BankRate Report	View
Year Chartered	1926
Employees	9
Primary Regulator
Assets and Liabilities
Assets	$58.61 million
Loans	$33.84 million
Deposits	$34.87 million
Equity Capital	$9.25 million
Loan Loss Allowance	$246,000
Unbacked Noncurrent Loans	$891,000
Historic Data - December 2010
Assets	$58.49 million
Equity Capital	$9.27 million
Loan Loss Allowance	$234,000
Unbacked Noncurrent Loans	$558,000
Profit Margin - Quarterly
Net Interest Margin	4.71%
Return on Assets	-0.09%
Return on Equity	-0.54%
Interest Income	$1.97 million
Non-Interest Income	$344,000

Institution Health

Overall Score:

4 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, 2011 Seaport CU (MA) had $891,000 in non-current loans and owned real-estate with $9.49 million in equity and loan loss allowances on hand to cover it. This gives Seaport CU (MA) a Texas Ratio of 9.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Seaport CU (MA) held steady from 5.87% as of December 31, 2010 to 9.38% as of December 31, 2011, resulting in a negative change of 59.85%. This indicates that the balance sheet and financial strength for Seaport CU (MA) has held steady in recent periods.
Deposit Growth
In the past year, Seaport CU (MA) has increased its total deposits by $22,000, resulting in 0.06% 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 Seaport CU (MA) has shown is average.
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. Seaport CU (MA) has $58.61 million in assets with $9.49 million in equity, resulting in a capitalization level of 16.20%, which is excellent.

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