Average User Rating:
1 star rating based on 1 review.

1St University Credit Union

605 S. University Parks Dr.
Waco, TX 76706
254-752-2797
www.culink.net

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1St University Credit Union is headquartered in WACO and is the 322^nd largest credit union in the state of Texas. It is also the 4,317^st largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 5 employees and 2,637 members. 1St University Credit Union has a 4-star health rating.

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See Rates for: Savings | Money Market | CD | IRA

1St University Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$5k	-	Basic Share
0.10%	$5k	-	Basic IRA Savings
0.10%	$5k	-	Basic Roth IRA Savings
0.10%	$5k	-	Basic Coverdell Education Savings

1St University Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.50%	$40k	-	Money Market Fund

1St University Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$50k	-	36 Month Jumbo CD
1.00%	$10k	-	36 Month CD
0.85%	$50k	-	6 Month Jumbo CD
0.80%	$10k	-	24 Month CD
0.70%	$10k	-	12 Month CD
0.55%	$10k	-	6 Month CD
0.25%	$50k	-	24 Month Jumbo CD
0.25%	$10k	-	18 Month CD
0.10%	$50k	-	12 Month Jumbo CD

1St University Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$10k	-	36 Month IRA
1.00%	$10k	-	36 Month Roth IRA
1.00%	$10k	-	36 Month CESA
0.80%	$10k	-	24 Month IRA
0.80%	$10k	-	24 Month Roth IRA
0.80%	$10k	-	24 Month CESA
0.70%	$10k	-	12 Month IRA
0.70%	$10k	-	12 Month Roth IRA
0.70%	$10k	-	12 Month CESA
0.55%	$10k	-	6 Month IRA
0.55%	$10k	-	6 Month Roth IRA
0.55%	$10k	-	6 Month CESA
0.25%	$10k	-	18 Month IRA
0.25%	$10k	-	18 Month Roth IRA
0.25%	$10k	-	18 Month CESA

Rates updated: 5/16/2012

Data for Q4 2011

Institution Statistics

1ST UNIVERSITY
NCUA #	67483
BankRate Report	View
Year Chartered	1956
Employees	5
Primary Regulator
Assets and Liabilities
Assets	$12.10 million
Loans	$7.62 million
Deposits	$11.10 million
Equity Capital	$848,000
Loan Loss Allowance	$53,000
Unbacked Noncurrent Loans	$82,000
Historic Data - December 2010
Assets	$11.94 million
Equity Capital	$891,000
Loan Loss Allowance	$52,000
Unbacked Noncurrent Loans	$170,000
Profit Margin - Quarterly
Net Interest Margin	7.55%
Return on Assets	-0.36%
Return on Equity	-5.07%
Interest Income	$596,000
Non-Interest Income	$354,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1St University Credit Union had $82,000 in non-current loans and owned real-estate with $901,000 in equity and loan loss allowances on hand to cover it. This gives 1St University Credit Union a Texas Ratio of 9.10% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for 1St University Credit Union decreased significantly from 18.03% as of December 31, 2010 to 9.10% as of December 31, 2011, resulting in a positive change of 49.52%.This indicates that the balance sheet and financial strength for 1St University Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, 1St University Credit Union has increased its total deposits by $187,000, resulting in 1.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1St University Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1St University Credit Union has $12.1 million in assets with $901,000 in equity, resulting in a capitalization level of 7.44%, which is below average.

Very Disorganized; Too Many Fees
1 stars

- MNgirl - Monday, October 3, 2011 - 2:10 PM

We joined this credit union when we first moved to Waco. They've always been a little slow, and a little disorganized, but they were friendly. When we were buying a house a year ago, we went to them first for our mortgage, thinking it would be best do deal with someone local and who we already knew. It took them forever to get anything done. They lost our paperwork twice. They couldn't even manage to make copies of our documents in less than three days. It was impossible to make contact with anyone by phone, and if you go in (even if you have an appointment), you'll end up waiting a minimum of 20 minutes. In the end, their rates were higher, the amount was lower, and we'd just plain lost a ton of confidence in their ability to get anything done. We did not use them for our mortgage. Now, they've added fees for everything in their checking accounts, a minimum balance and even less service. It's a shame, because the tellers there are nice, friendly people. But the level of service is poor and we're tired of being nickled and dimed to death. So, we're off to a big bank!