MAGNETICS

Headquarters

796 East Butler Road
East Butler, PA 16029
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Magnetics is an NCUA insured institution located in East Butler, PA. It was founded in 1954 and has approximately $3.41 millions in assets.

NCUA Insured Yes
Charter Number # # 9635
Date Established 1954
Assets $3.41 million
Loans $0.28 million
Deposits $2.88 million
Capital $0.53 million
 

Deposit Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

We do not yet have rates for Magnetics

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Magnetics
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Advertiser Disclosure

Loan Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MAGNETICS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.557% 2.500% 0.50 $1,890 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.560% 2.500% 0.75 $1,980 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to MAGNETICS
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Magnetics 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:
Ashburn,Virginia


Magnetics Locations


Financial Details

Magnetics Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Magnetics. 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
Magnetics U.S. Average
5.72% 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, Magnetics had $30,414 in non-current loans and $0 in owned assets. To cover these potential losses it had $529,730 in net worth and $2,341 in loans loss reserves. That gives it a Texas Ratio of 5.72%.

Net Worth
Magnetics U.S. Average
15.52% 13.61%

Magnetics FCU has a net worth of 15.52% 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 Magnetics

Branches and Savings

What is Magnetics?

A federal credit union, registered with the NCUA under certificate #9635.
Learn more about credit unions here.

Is Magnetics 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 Magnetics?

Please see Field of Membership information above for information on who is eligible to join.

What are Magnetics's share account and share certificate rates?

Magnetics's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Magnetics?

Magnetics has total capital of $0.53 million. Full information on Magnetics's financial position is located above.

Who owns Magnetics?

Credit Unions are owned by their members.

Where are Magnetics branches located?

See branch locations nearby.

Are Magnetics ATMs Open 24/7?

Do Magnetics ATMs accept cash deposits?

Can Magnetics customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Magnetics have a mobile app?

Does Magnetics have mobile deposit?

Does Magnetics have quick pay?

How can Magnetics transfer money to other banks or credit unions?

Does Magnetics report to credit bureaus?

Does Magnetics use Chexsystems?

Does Magnetics use Equifax?

What is Magnetics's toll free phone number?

What is Magnetics's ACH Routing Number?

What is Magnetics's SWIFT code?

Where can I find Magnetics's wire transfer form?

What is the Magnetics address for deposits?

What Products Does Magnetics Offer

Does Magnetics offer mortgages?

Compare mortgage rates here.

Does Magnetics offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Magnetics offer auto and RV loans?

Compare auto loan rates here.

Does Magnetics offer student loans or personal loans?

Compare personal loan rates here.

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