2020 Overview
General Credit Union Information
Cutting Edge is an NCUA insured institution located in Milwaukie, OR. It was founded in 1953 and has approximately $48.4 millions in assets.
| NCUA Insured | Yes |
| Charter Number # | # 8317 |
| Date Established | 1953 |
| Assets | $48.40 million |
| Loans | $33.57 million |
| Deposits | $41.94 million |
| Capital | $5.44 million |
Field of Membership Restrictions
Deposit Rates - December 4, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.12% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.80% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.41% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.81% | $100,000 | $199,999 |
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|
Loan Rates - December 4, 2020
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for CUTTING EDGE
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.243% | 3.125% | 1.00 | $3,750 | $1,071 | Learn More |
NMLS ID: 3030 |
2.991% | 2.875% | 1.00 | $3,750 | $1,038 | Learn More |
NMLS ID: 1168 |
2.693% | 2.625% | 0.75 | $2,235 | $1,005 | Learn More |
NMLS ID: 2890 License#: 13256 |
2.558% | 2.500% | 0.75 | $1,905 | $988 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to CUTTING EDGE
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Cutting Edge 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:
Fairfield,Connecticut
Cutting Edge Locations
Financial Details
Cutting Edge Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Cutting Edge. 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
| Cutting Edge | U.S. Average |
|---|---|
| 1.30% | 6.71 |
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 March 30, 2020, Cutting Edge had $43,617 in non-current loans and $29,077 in owned assets. To cover these potential losses it had $5,442,258 in net worth and $168,766 in loans loss reserves. That gives it a Texas Ratio of 1.30%.
Net Worth
| Cutting Edge | U.S. Average |
|---|---|
| 11.24% | 13.61% |
Cutting Edge FCU has a net worth of 11.24% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Cutting Edge
Branches and Savings
What is Cutting Edge?
A federal credit union, registered with the NCUA under certificate #8317.
Learn more about credit unions here.
Is Cutting Edge FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Cutting Edge?
Please see Field of Membership information above for information on who is eligible to join.
How big is Cutting Edge?
Cutting Edge has total capital of $5.44 million. Full information on Cutting Edge's financial position is located above.
Who owns Cutting Edge?
Credit Unions are owned by their members.
Where are Cutting Edge branches located?
See branch locations nearby.
Are Cutting Edge ATMs Open 24/7?
Do Cutting Edge ATMs accept cash deposits?
Can Cutting Edge customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Cutting Edge have a mobile app?
Does Cutting Edge have mobile deposit?
Does Cutting Edge have quick pay?
How can Cutting Edge transfer money to other banks or credit unions?
Does Cutting Edge report to credit bureaus?
Does Cutting Edge use Chexsystems?
Does Cutting Edge use Equifax?
What is Cutting Edge's toll free phone number?
What is Cutting Edge's ACH Routing Number?
What is Cutting Edge's SWIFT code?
Where can I find Cutting Edge's wire transfer form?
What is the Cutting Edge address for deposits?
What Products Does Cutting Edge Offer
Does Cutting Edge offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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