1St University Credit Union is headquartered in Waco and is the 330th largest credit union in the state of Texas. It is also the 4,280th largest credit union in the nation. It was established in 1956 and as of September of 2013, it had grown to 6 employees and 2,117 members. 1St University Credit Union's money market rates are 14% higher than the national average, but it has a C- health rating.
An association with Baylor University provides you with the opportunity to become a member of 1st University Credit Union. Membership allows you and your family to take advantage of the many services 1st University offers. Associations listed below are eligible to join 1st University Credit Union: Baylor University Students; Baylor University Employees; Baylor Alumni Association Members; Baylor University AFROTC; Follet Employees; Crothall Morrison Employees; Waco Construction Employees; Aramark Employees; Anyone working or residing on Baylor owned property; Any relative of a current 1st University Credit Union member; Any person living, working, or volunteering within the geographic field of membership. - See Details
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!
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 September 30, 2013 1St University Credit Union had $268,000 in non-current loans and owned real-estate with $893,000 in equity and loan loss allowances on hand to cover it. This gives 1St University Credit Union a Texas Ratio of 30.01% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for 1St University Credit Union increased slightly from 21.99% as of September 30, 2012 to 30.01% as of September 30, 2013, resulting in a negative change of 36.45%. This indicates that the balance sheet and financial strength for 1St University Credit Union has declined slightly in recent periods.
In the past year, 1St University Credit Union has decreased its total deposits by $-305,000, resulting in -2.74% 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 below average.
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 $11.88 million in assets with $893,000 in equity, resulting in a capitalization level of 7.52%, which is below average.
|Assets and Liabilities|
|Loan Loss Allowance||$39,000|
|Unbacked Noncurrent Loans||$268,000|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Loan Loss Allowance||$41,000|
|Unbacked Noncurrent Loans||$268,000|
|Real Estate Owned||$52,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.6%|
|Return on Assets||0.01%|
|Return on Equity||0.16%|
Always verify rates and promotions with the bank or credit union. We are not 1St University Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.10%||$5k||-||Basic IRA Savings|
|0.10%||$5k||-||Basic Roth IRA Savings|
|0.10%||$5k||-||Basic Coverdell Education Savings|
|0.50%||$40k||-||Money Market Fund|
|0.50%||$50k||-||36 Month Jumbo CD|
|0.50%||$10k||-||36 Month CD|
|0.35%||$50k||-||6 Month Jumbo CD|
|0.35%||$10k||-||12 Month CD|
|0.35%||$10k||-||18 Month CD|
|0.35%||$10k||-||24 Month CD|
|0.25%||$50k||-||24 Month Jumbo CD|
|0.25%||$10k||-||6 Month CD|
|0.10%||$50k||-||12 Month Jumbo CD|
|0.50%||$10k||-||36 Month IRA|
|0.50%||$10k||-||36 Month Roth IRA|
|0.50%||$10k||-||36 Month CESA|
|0.35%||$10k||-||12 Month IRA|
|0.35%||$10k||-||18 Month IRA|
|0.35%||$10k||-||24 Month IRA|
|0.35%||$10k||-||12 Month Roth IRA|
|0.35%||$10k||-||18 Month Roth IRA|
|0.35%||$10k||-||24 Month Roth IRA|
|0.35%||$10k||-||12 Month CESA|
|0.35%||$10k||-||18 Month CESA|
|0.35%||$10k||-||24 Month CESA|
|0.25%||$10k||-||6 Month IRA|
|0.25%||$10k||-||6 Month Roth IRA|
|0.25%||$10k||-||6 Month CESA|
|1St University Credit Union Locations|
|Branch Office||605 S University Parks Dr||Waco, TX 76706|