Matanuska Valley Federal Credit Union
Headquarters
1020 S Bailey St
Palmer, AK 99645
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2024 Overview
General Credit Union Information
Matanuska Valley is an NCUA insured institution located in Palmer, AK. It was founded in 1948 and has approximately $934.78 millions in assets.
Who can join?
Persons who live in the Matanuska-Susitna Borough (MSB) or in the Matanuska Electric Association (MEA) service area, which includes Eagle River, Chugiak, Birchwood, and Eklutna:
• Persons who work, worship, attend school or participate in associations headquartered in the MSB or MEA service area
• Persons participating in programs to alleviate poverty or distress which are located in the MSB or MEA service area
• Incorporated and unincorporated organizations located in the MSB or MEA service area
• Incorporated and unincorporated organizations maintaining a facility in the MSB or MEA service area
• Spouses of persons who died within the field of membership
• Employees of the credit union
• Persons retired as pensioners or annuitants from MVFCU employment
• Immediate family members or persons in their household and/or organizations of such persons eligible for membership
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5924 |
| Date Established | 1948 |
| Assets | $934.78 million |
| Loans | $526.72 million |
| Deposits | $792.31 million |
| Capital | $82.79 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in, or businesses and other legal entities located in the Municipality of Anchorage or Matanuska-Susitna Borough in Alaska and within the Waipahu Neighborhood Board #22 of the City and County of Honolulu, Hawaii.
Deposit Rates - May 8, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.35% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.36% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.36% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.51% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.51% | $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 - May 8, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Matanuska Valley
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 |
6.460% | 6.375% | 0.63 | $2,853 | $1,997 | Learn More |
NMLS ID: 401822 |
6.555% | 6.375% | 0.88 | $6,053 | $1,997 | Learn More |
NMLS ID: 3029 |
6.879% | 6.750% | 0.75 | $4,392 | $2,076 | Learn More |
NMLS ID: 3030 |
7.226% | 7.125% | 1.00 | $3,253 | $2,156 | 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 Matanuska Valley
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Branches
Below are Matanuska Valley 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
MATANUSKA VALLEY 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
Matanuska Valley Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Matanuska Valley. 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
| Matanuska Valley | U.S. Average |
|---|---|
| 8.26% | 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, Matanuska Valley had $6,513,593 in non-current loans and $570,359 in owned assets. To cover these potential losses it had $82,786,913 in net worth and $3,012,953 in loans loss reserves. That gives it a Texas Ratio of 8.26%.
Net Worth
| Matanuska Valley | U.S. Average |
|---|---|
| 9.32% | 13.62% |
Matanuska Valley FCU has a net worth of 9.32% 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 Matanuska Valley
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