2020 Overview
General Credit Union Information
Sorg Bay West is an NCUA insured institution located in Middletown, OH. It was founded in 1950 and has approximately $8.9 millions in assets.
| NCUA Insured | Yes |
| Charter Number # | # 6772 |
| Date Established | 1950 |
| Assets | $8.90 million |
| Loans | $5.14 million |
| Deposits | $8.00 million |
| Capital | $0.76 million |
Deposit Rates - October 22, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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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
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.50% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - October 22, 2020
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for SORG BAY WEST
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 |
3.620% | 3.500% | 1.00 | $3,750 | $1,123 | Learn More |
|
NMLS ID: 3030 |
3.620% | 3.500% | 1.00 | $3,750 | $1,123 | Learn More |
NMLS ID: 2890 License#: 13256 |
2.570% | 2.500% | 0.88 | $2,312 | $988 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
People's United Bank, N.A. See Table |
4.000 %
|
$0 |
Learn More
More Info |
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to SORG BAY WEST
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Branches
Below are Sorg Bay West 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
Sorg Bay West Locations
Financial Details
Sorg Bay West Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Sorg Bay West. 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
| Sorg Bay West | U.S. Average |
|---|---|
| 35.48% | 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, Sorg Bay West had $265,246 in non-current loans and $10,386 in owned assets. To cover these potential losses it had $762,942 in net worth and $13,870 in loans loss reserves. That gives it a Texas Ratio of 35.48%.
Net Worth
| Sorg Bay West | U.S. Average |
|---|---|
| 8.56% | 13.61% |
Sorg Bay West FCU has a net worth of 8.56% 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 Sorg Bay West
Branches and Savings
What is Sorg Bay West?
A federal credit union, registered with the NCUA under certificate #6772.
Learn more about credit unions here.
Is Sorg Bay West 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 Sorg Bay West?
Please see Field of Membership information above for information on who is eligible to join.
How big is Sorg Bay West?
Sorg Bay West has total capital of $0.76 million. Full information on Sorg Bay West's financial position is located above.
Who owns Sorg Bay West?
Credit Unions are owned by their members.
Where are Sorg Bay West branches located?
See branch locations nearby.
Are Sorg Bay West ATMs Open 24/7?
Do Sorg Bay West ATMs accept cash deposits?
Can Sorg Bay West customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Sorg Bay West have a mobile app?
Does Sorg Bay West have mobile deposit?
Does Sorg Bay West have quick pay?
How can Sorg Bay West transfer money to other banks or credit unions?
Does Sorg Bay West report to credit bureaus?
Does Sorg Bay West use Chexsystems?
Does Sorg Bay West use Equifax?
What is Sorg Bay West's toll free phone number?
What is Sorg Bay West's ACH Routing Number?
What is Sorg Bay West's SWIFT code?
Where can I find Sorg Bay West's wire transfer form?
What is the Sorg Bay West address for deposits?
What Products Does Sorg Bay West Offer
Does Sorg Bay West offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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