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Overview / Commentary
818-238-2900
P.O. Box 7767
Burbank, CA 91510

UMe Credit Union is headquartered in Burbank and is the 123rd largest credit union in the state of California. It is also the 1,103rd largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 25 employees and 12,984 members. UMe Credit Union's savings rates are 92% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

As long as you live, work, worship, belong to an organization or attend school in Burbank you are eligible to join. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 UMe Credit Union had $258,000 in non-current loans and owned real-estate with $14.04 million in equity and loan loss allowances on hand to cover it. This gives UMe Credit Union a Texas Ratio of 1.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for UMe Credit Union decreased dramatically from 2.99% as of December 31, 2012 to 1.84% as of December 31, 2013, resulting in a positive change of 38.45%.This indicates that the balance sheet and financial strength for UMe Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, UMe Credit Union has increased its total deposits by $6.66 million, resulting in 4.98% 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.

Capitalization

GRADE:
C+

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 $154.16 million in assets with $14.04 million in equity, resulting in a capitalization level of 9.11%, which is average.

Institution Statistics

Overall
NCUA #3945
Year Chartered1940
Employees25
Primary Regulator
Assets and Liabilities
Assets$154.16 million
Loans$52.47 million
Deposits$140.33 million
Equity Capital$13.66 million
Loan Loss Allowance$373,000
Unbacked Noncurrent Loans$258,000
Real Estate Owned$0
Historic Data - December 2012
Assets$147.54 million
Equity Capital$13.17 million
Loan Loss Allowance$593,000
Unbacked Noncurrent Loans$258,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.75%
Return on Assets0.27%
Return on Equity3.08%
Interest Income$3.39 million
Rates

Always verify rates and promotions with the bank or credit union. We are not UMe Credit Union, we are a rate comparison website and can not provide official rates or promotions.

UMe Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Savings

UMe Credit Union Checking Account Rates

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

UMe Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$2k-60 Month Certificate
1.26%$250-60 Month Student Certificate
1.00%$2k-48-59 Month Certificate
1.00%$250-48-59 Month Student Certificate
0.75%$2k-36-47 Month Certificate
0.75%$250-36-47 Month Student Certificate
0.60%$2k-24-35 Month Certificate
0.60%$250-24-35 Month Student Certificate
0.45%$2k-12-23 Month Certificate
0.45%$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

DetailsAPYMINMAXPRODUCT
1.31%$2k-60 Month IRA Certificate (Traditional,Roth)
1.26%$2k-60 Month CESA Certificate
1.05%$2k-48-59 Month IRA Certificate (Traditional,Roth)
1.00%$2k-48-59 Month CESA Certificate
0.80%$2k-36-47 Month IRA Certificate (Traditional,Roth)
0.75%$2k-36-47 Month CESA Certificate
0.65%$2k-24-35 Month IRA Certificate (Traditional,Roth)
0.60%$2k-24-35 Month CESA Certificate
0.50%$2k-12-23 Month IRA Certificate (Traditional,Roth)
0.45%$2k-12-23 Month CESA Certificate
Locations


UMe Credit Union Locations
Branch Office3000 W Magnolia BlvdBurbank, CA 91505-3043