Destinations Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
3.01%	Reward Checking	Kasasa Cash 1.75% - National Average
0.75%	Reward Savings	Kasasa Saver 0.77% - National Average
1.05%	5-year CD	5 Year Share Certificate 1.85% - Synchrony Bank 60 Month CD

View all Destinations Credit Union rates »

Overview / Commentary

www.destinationscu.org

410-663-2500

8767 Satyr Hill Rd
Baltimore, MD 21234

Destinations Credit Union is headquartered in Baltimore and is the 40^th largest credit union in the state of Maryland. It is also the 2,092^nd largest credit union in the nation. It was established in 1935 and as of June of 2016, it had grown to 23 employees and 8,538 members at 2 locations. Destinations Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Maryland General Hospital, Practical Technologies, U.S.F Holland, Friends of the American Red Cross (greater Chesapeake Bay area), and over 100 other area Select Employer Groups. Membership is also open to immediate family of those eligible.
See current membership details

Easy To Qualify By Donating To Red Cross

Posted by: kiwi | Feb 4, 2016

Nationwide. Easy to qualify for rewards checking by donating to Red Cross if you don't meet the other qualifications. If family members open an account each, you only have to make one donation and that person can refer the other members. Very nice people. New account. We will see how it goes. I had a little trouble understanding the online application. I messed one up but the were very prompt and helpful to fix it for me. 2/9/2016 Just found out that they will pay 3% interest to me for Feb and March because they haven't provided a debit card to me yet. They are going through a computer transition.
UPDATE 07/07/2016
Love them. They only require that you have 12 transactions of any type on the debit card. Can be all debits if you want. Easy to meet requirements.

2

Health

B+

Data as of Q2 2016

Learn more about bank health

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Destinations Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	66333
Year Chartered	1935
Employees	23
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.2%
Return on Equity - YTD	-1.64%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$61.0MM$58.3MM
Loans	Q2 2016vs Q2 2015	$31.6MM$31.1MM
Deposits	Q2 2016vs Q2 2015	$52.9MM$50.6MM
Equity Capital	Q2 2016vs Q2 2015	$7.6MM$7.4MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$201.00K$257.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$316.00K$286.00K
Real Estate Owned	Q2 2016vs Q2 2015	$0$211.00K

Rates

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