3000 W. Magnolia Blvd.
Burbank, CA 91505
(818) 238.2900
www.umecreditunion.com

NCUA


UMe Credit Union is headquartered in Burbank and is the 123rd largest credit union in the state of California. It is also the 1,119st largest credit union in the nation. It was established in 1940 and as of December of 2012, it had grown to 26 employees and 12,559 members. UMe Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.



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

UMe Credit Union Checking Account Rates

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0.05%$2,500-Personal Checking
0.05%$5k-Business Checking

UMe Credit Union Savings Account Rates

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1.00%$100-Summer Special Savings
0.20%$25-IRA Savings
0.10%$100-Membership Shares
0.10%$25-Minor Shares & Coogan
0.10%$100-Holiday Special Savings
0.10%$25-Coverdell Education Special Savings

UMe Credit Union Money Market Rates

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0.35%$100k-Money Market Savings

UMe Credit Union CD Rates

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1.11%$2k-60 Month Certificate
1.11%$250-60 Month Student Certificate
0.90%$2k-48-59 Month Certificate
0.90%$250-48-59 Month Student Certificate
0.70%$2k-36-47 Month Certificate
0.70%$250-36-47 Month Student Certificate
0.55%$2k-24-35 Month Certificate
0.55%$250-24-35 Month Student Certificate
0.40%$2k-12-23 Month Certificate
0.40%$250-12-23 Month Student Certificate
0.35%$250-12 Month Student Saver Certificate
0.25%$2k-6-11 Month Certificate
0.25%$250-6-11 Month Student Certificate

UMe Credit Union IRA Rates

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1.11%$2k-60 Month CESA Certificate
1.10%$2k-60 Month IRA Certificate
0.90%$2k-48-59 Month IRA Certificate
0.90%$2k-48-59 Month CESA Certificate
0.70%$2k-36-47 Month IRA Certificate
0.70%$2k-36-47 Month CESA Certificate
0.55%$2k-24-35 Month IRA Certificate
0.55%$2k-24-35 Month CESA Certificate
0.40%$2k-12-23 Month IRA Certificate
0.40%$2k-12-23 Month CESA Certificate

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


UME
NCUA #3945
BankRate ReportView
Year Chartered1940
Employees26
Primary Regulator

Assets and Liabilities

Assets$147.54 million
Loans$45.71 million
Deposits$133.66 million
Equity Capital$13.17 million
Loan Loss Allowance$593,000
Unbacked Noncurrent Loans$411,000

Historic Data - December 2011

Assets$137.12 million
Equity Capital$12.63 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$509,000

Profit Margin - Quarterly

Net Interest Margin5.51%
Return on Assets0.37%
Return on Equity4.12%
Interest Income$3.63 million
Non-Interest Income$1.47 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 December 31, 2012 UMe Credit Union had $411,000 in non-current loans and owned real-estate with $13.76 million in equity and loan loss allowances on hand to cover it. This gives UMe Credit Union a Texas Ratio of 2.99% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for UMe Credit Union decreased slightly from 3.72% as of December 31, 2011 to 2.99% as of December 31, 2012, resulting in a positive change of 19.75%.This indicates that the balance sheet and financial strength for UMe Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, UMe Credit Union has increased its total deposits by $10.33 million, resulting in 8.37% 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 UMe 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. UMe Credit Union has $147.54 million in assets with $13.76 million in equity, resulting in a capitalization level of 9.33%, which is average.
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