A+ Credit Union is headquartered in Austin and is the 15st largest credit union in the state of Texas. It is also the 194th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 297 employees and 112,550 members. A+ Credit Union's savings rates are 10X the national average, and it has a A health rating.
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
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!
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 A+ Credit Union had $2.7 million in non-current loans and owned real-estate with $97.14 million in equity and loan loss allowances on hand to cover it. This gives A+ Credit Union a Texas Ratio of 2.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for A+ Credit Union experienced no significant changes from 2.04% as of March 31, 2013 to 2.78% as of March 31, 2014, resulting in a negative change of 35.95%. This indicates that the balance sheet and financial strength for A+ Credit Union has had no significant changes in recent periods.
In the past year, A+ Credit Union has increased its total deposits by $74.2 million, resulting in 8.08% 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.
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 $1.1 billion in assets with $97.14 million in equity, resulting in a capitalization level of 8.87%, which is average.
|Assets and Liabilities|
|Equity Capital||$94.23 million|
|Loan Loss Allowance||$2.91 million|
|Unbacked Noncurrent Loans||$2.70 million|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$87.43 million|
|Loan Loss Allowance||$2.47 million|
|Unbacked Noncurrent Loans||$2.70 million|
|Real Estate Owned||$57,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.12%|
|Return on Assets||1.03%|
|Return on Equity||12%|
|Interest Income||$9.20 million|
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.
|5.12%||$1k||$1k||StartUP Roth IRA|
|0.55%||$100k||-||Platinum Roth IRA|
|0.35%||$100||-||Health Savings Account (HSA)|
|0.35%||$100||-||Variable Roth IRA|
|0.22%||$100||-||Flexible Goal Savings|
|0.22%||$100||-||Commitment Goal Savings|
|0.18%||-||-||Youth Membership Savings|
|0.20%||$2k||-||Money Market Savings|
|0.05%||$500||-||A+ Checking Account|
|5.00%||-||$1k||12 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|
|0.75%||$500||-||36 Month CD|
|0.65%||$1k||-||36 Month Plus Advantage CD|
|0.55%||$1k||-||24 Month CD|
|0.45%||$1k||-||24 Month Plus Advantage CD|
|0.40%||$1k||-||12 Month CD|
|0.30%||$1k||-||12 Month Plus Advantage CD|
|0.25%||$1k||-||6 Month CD|
|1.31%||$500||-||60 Month IRA|
|1.21%||$1k||-||60 Month Plus Advantage IRA|
|0.95%||$500||-||48 Month IRA|
|0.85%||$1k||-||48 Month Plus Advantage IRA|
|0.75%||$500||-||36 Month IRA|
|0.65%||$1k||-||36 Month Plus Advantage IRA|
|0.55%||$1k||-||24 Month IRA|
|0.45%||$1k||-||24 Month Plus Advantage IRA|
|0.40%||$1k||-||12 Month IRA|
|0.30%||$1k||-||12 Month Plus Advantage IRA|