UMe Credit Union

UMe Credit Union is headquartered in Burbank and is the 123^rd largest credit union in the state of California. It is also the 1,115^st largest credit union in the nation. It was established in 1940 and as of March of 2013, it had grown to 26 employees and 12,615 members. UMe Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

UMe Credit Union Checking Account Rates

UMe Credit Union Savings Account Rates

UMe Credit Union Money Market Rates

UMe Credit Union CD Rates

UMe Credit Union IRA Rates

Data for Q1 2013

Institution Statistics UME NCUA # 3945 BankRate Report View Year Chartered 1940 Employees 26 Primary Regulator Assets and Liabilities Assets $152.62 million Loans $46.57 million Deposits $138.87 million Equity Capital $13.29 million Loan Loss Allowance $612,000 Unbacked Noncurrent Loans $288,000 Historic Data - March 2012 Assets $143.20 million Equity Capital $12.74 million Loan Loss Allowance $945,000 Unbacked Noncurrent Loans $330,000 Profit Margin - Quarterly Net Interest Margin 1.33% Return on Assets 0.12% Return on Equity 1.41% Interest Income $844,000 Non-Interest Income $413,000

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 March 31, 2013 UMe Credit Union had $288,000 in non-current loans and owned real-estate with $13.9 million in equity and loan loss allowances on hand to cover it. This gives UMe Credit Union a Texas Ratio of 2.07% 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 UMe Credit Union held steady from 2.41% as of March 31, 2012 to 2.07% as of March 31, 2013, resulting in a positive change of 14.12%.This indicates that the balance sheet and financial strength for UMe Credit Union has held steady in recent periods. Deposit Growth In the past year, UMe Credit Union has increased its total deposits by $8.73 million, resulting in 6.71% 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 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 $152.62 million in assets with $13.9 million in equity, resulting in a capitalization level of 9.11%, which is average.

No reviews have been left for this bank yet. Be the first to review.