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Overview / Commentary
512-302-6800
P.O. Box 14867
Austin, TX 78761

A+ Credit Union is headquartered in Austin and is the 15st largest credit union in the state of Texas. It is also the 193rd largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 278 employees and 110,789 members. A+ Credit Union's savings rates are 10X the national average, and it has a A health rating.

Field of Membership Restrictions

Credit union membership is open to anyone who's a member of the A+ Education Foundation, an association that's easy to join with a $10 fee. - See Details

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Reviews (1)

Bad Customer Services

Teachers Beware!!! The A+Credit Union is nolonger the credit union it was creadit to be year ago.  It is acutally only operating under the umbrella of a  credit union by name but with the characteristics of the large banks...it is worse than majority of the large banks and focuses on setting the customer up to take their money!! There are better credit unions around Austin with great customer service and support for your financial transactions.  Visit other credit union and banks and compare before you continue to allow A+ manage your finacial future...you are not in good hands!



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 A+ Credit Union had $2.8 million in non-current loans and owned real-estate with $93.34 million in equity and loan loss allowances on hand to cover it. This gives A+ Credit Union a Texas Ratio of 3.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for A+ Credit Union experienced no significant changes from 2.63% as of December 31, 2012 to 3.00% as of December 31, 2013, resulting in a negative change of 13.87%. This indicates that the balance sheet and financial strength for A+ Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, A+ Credit Union has increased its total deposits by $73.48 million, resulting in 8.26% 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 A+ Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. A+ Credit Union has $1.06 billion in assets with $93.34 million in equity, resulting in a capitalization level of 8.79%, which is average.

Institution Statistics

Overall
NCUA #6178
Year Chartered1949
Employees278
Primary Regulator
Assets and Liabilities
Assets$1.06 billion
Loans$659.05 million
Deposits$963.11 million
Equity Capital$90.73 million
Loan Loss Allowance$2.61 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$0
Historic Data - December 2012
Assets$985.69 million
Equity Capital$85.44 million
Loan Loss Allowance$2.42 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$57,000
Profit Margin - Quarterly
Net Interest Margin4.42%
Return on Assets0.8%
Return on Equity9.33%
Interest Income$35.39 million
Rates

Always verify rates and promotions with the bank or credit union. We are not A+ Credit Union, we are a rate comparison website and can not provide official rates or promotions.

A+ Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
5.12%-$1kStartUP IRA
5.12%$1k$1kStartUP Roth IRA
5.12%-$1kStartUP CESA
0.55%$100k-Platinum IRA
0.55%$100k-Platinum Roth IRA
0.55%$100k-Platinum CESA
0.40%$100-Health Savings Account (HSA)
0.40%$100-Variable IRA
0.40%$100-Variable Roth IRA
0.40%$100-Variable CESA
0.35%$100k-Platinum Savings
0.25%$25k-Premier Savings
0.22%$100-Special Savings
0.22%$100-Flexible Goal Savings
0.22%$100-Commitment Goal Savings
0.20%$100-TUTMA
0.18%$100-Membership Savings
0.18%--Youth Membership Savings
0.18%$100-Regular Savings

A+ Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2k-Money Market Savings

A+ Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-A+ Checking Account

A+ Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
5.25%-$1k12 Month StartUP CD
1.31%$500-60 Month CD
1.21%$1k-60 Month Plus Advantage CD
0.95%$500-48 Month CD
0.85%$1k-48 Month Plus Advantage CD
0.80%$500-36 Month CD
0.70%$1k-36 Month Plus Advantage CD
0.60%$1k-24 Month CD
0.50%$1k-24 Month Plus Advantage CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
0.30%$1k-12 Month Plus Advantage CD

A+ Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.31%$500-60 Month IRA (Traditional,Roth,CESA)
1.21%$1k-60 Month Plus Advantage IRA (Traditional,Roth,CESA)
0.95%$500-48 Month IRA (Traditional,Roth,CESA)
0.85%$1k-48 Month Plus Advantage IRA (Traditional,Roth,CESA)
0.80%$500-36 Month IRA (Traditional,Roth,CESA)
0.70%$1k-36 Month Plus Advantage IRA (Traditional,Roth,CESA)
0.60%$1k-24 Month IRA (Traditional,Roth,CESA)
0.50%$1k-24 Month Plus Advantage IRA (Traditional,Roth,CESA)
0.40%$1k-12 Month IRA (Traditional,Roth,CESA)
0.30%$1k-12 Month Plus Advantage IRA (Traditional,Roth,CESA)
Locations

A+ Credit Union has 17 locations. Click to view all A+ Credit Union locations.