2024 Overview
General Credit Union Information
Bmi is an NCUA insured institution located in Dublin, OH. It was founded in 1936 and has approximately $703.26 millions in assets.
Who can join?
Anyone who lives, works, worships, or attends school in the Columbus Metropolitan Statistical Area is eligible to join. This area includes Franklin, Pickaway, Fairfield, Licking, Delaware, Morrow, Union and Madison counties.
Membership is also available to immediate family members of a current member, and anyone sharing household expense of a current member. Family members are described as: spouse, child, sibling, parent, grandparent, grandchild, step-parents, step-children, step-siblings, and adoptive relationships. These relationships are not dependent on the person living under the same roof as the primary potential member.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1199 |
| Date Established | 1936 |
| Assets | $703.26 million |
| Loans | $541.23 million |
| Deposits | $570.78 million |
| Capital | $62.83 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in the Columbus Metropolitan Statistical Area, including Franklin, Pickaway, Fairfield, Licking, Delaware, Morrow, Union and Madison counties. Membership is also available to immediate family members of a current member, and anyone sharing household expense of a current member.
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.10% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.10% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Bmi
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,600 | $2,049 | Learn More |
NMLS ID: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.894% | 6.750% | 0.88 | $4,746 | $2,076 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Bmi
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It is free to register and add rates.
Branches
Below are Bmi branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
BMI is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Bmi Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Bmi. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Bmi | U.S. Average |
|---|---|
| 3.81% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Bmi had $2,159,823 in non-current loans and $256,812 in owned assets. To cover these potential losses it had $62,825,343 in net worth and $647,500 in loans loss reserves. That gives it a Texas Ratio of 3.81%.
Net Worth
| Bmi | U.S. Average |
|---|---|
| 8.92% | 13.62% |
Bmi FCU has a net worth of 8.92% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Bmi
Addie
June 10, 2019 |
BMI doesn't provide overdraft, will deny charges, plus charge you $29.00 for those denied charges. Then you also incur a returned payment fee from your recipient of said payment. And they don't even notify you when this happens. I had a charge of $50.00 denied three times, BMI never notified me of the declined payment, charged me $29.00 each time. So a payment of $50 costed me $170 with their charges and a returned payment fee of $30 from the recipient.
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