Featured Savings Rates
Featured Accounts

Sarasota Municipal Employees Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.76%5-year CD60 Month Share Certificate
0.65%1-year CD12 Month Share Certificate
0.10%SavingsSpecial Shares

Overview / Commentary
941-953-6744
1558 1st St
Sarasota, FL 34236-8502

Sarasota Municipal Employees Credit Union is headquartered in Sarasota and is the 105th largest credit union in the state of Florida. It is also the 2,967th largest credit union in the nation. It was established in 1991 and as of June of 2016, it had grown to 7 employees and 2,293 members at 1 location. Sarasota Municipal Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of the City of Sarasota.
See current membership details

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Health
B+
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. Sarasota Municipal Employees Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #67309
Year Chartered1991
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.22%
Annual Interest Income$440.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$28.9MM$27.3MM
LoansQ2 2016vs Q2 2015$12.7MM$11.8MM
DepositsQ2 2016vs Q2 2015$25.4MM$23.9MM
Equity CapitalQ2 2016vs Q2 2015$3.2MM$3.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$127.00K$153.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$67.00K$135.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sarasota Municipal Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$25-Traditional IRA Share
0.25%*$25k*-Prime Share
OTHER TIERS: 0.10% $100 - $2,500 | 0.15% $2,500 - $25k
0.10%$100-Special Shares
0.10%$100-Holiday Club

Sarasota Municipal Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Money Market
OTHER TIERS: 0.25% $1k - $50k | 0.30% $50k - $100k

Sarasota Municipal Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$100k*-60 Month Share Certificate
OTHER TIERS: 1.36% $10k - $100k
1.46%*$100k*-48 Month Share Certificate
OTHER TIERS: 1.26% $10k - $100k
1.21%*$100k*-36 Month Share Certificate
OTHER TIERS: 1.00% $10k - $100k
0.90%*$100k*-24 Month Share Certificate
OTHER TIERS: 0.75% $10k - $100k
0.65%*$100k*-12 Month Share Certificate
OTHER TIERS: 0.50% $1k - $25k | 0.55% $25k - $50k | 0.60% $50k - $100k
0.60%*$100k*-18 Month Share Certificate
OTHER TIERS: 0.50% $1k - $25k | 0.55% $25k - $100k
0.40%*$100k*-6 Month Share Certificate
OTHER TIERS: 0.30% $1k - $25k | 0.35% $25k - $100k

Sarasota Municipal Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%*$100k*-60 Month IRA Certificate
OTHER TIERS: 1.46% $10k - $100k
1.51%*$100k*-48 Month IRA Certificate
OTHER TIERS: 1.36% $10k - $100k
0.95%*$100k*-24 Month IRA Certificate
OTHER TIERS: 0.80% $1k - $100k
0.65%*$100k*-12 Month IRA Certificate
OTHER TIERS: 0.55% $1k - $25k | 0.60% $25k - $100k
0.65%*$100k*-18 Month IRA Certificate
OTHER TIERS: 0.55% $1k - $25k | 0.60% $25k - $100k
0.45%*$100k*-6 Month IRA Certificate
OTHER TIERS: 0.35% $1k - $25k | 0.40% $25k - $100k
Locations


Sarasota Municipal Employees Credit Union Locations
Branch Office1558 1st StSarasota, FL 34236-8502