Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
325-677-2918
810 N 6th St
Abilene, TX 79601

Abilene Credit Union is headquartered in Abilene and is the 263rd largest credit union in the state of Texas. It is also the 3,445th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 7 employees and 3,129 members. Abilene Credit Union's savings rates are 73% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Abilene Federal Credit Union membership is open to anyone who lives, works, worships, or attends school in qualifying areas of Taylor, Nolan, and Mitchell counties. - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Abilene Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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 Abilene Credit Union had $118,000 in non-current loans and owned real-estate with $4.06 million in equity and loan loss allowances on hand to cover it. This gives Abilene Credit Union a Texas Ratio of 2.91% 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 Abilene Credit Union experienced no significant changes from 0.82% as of March 31, 2013 to 2.91% as of March 31, 2014, resulting in a negative change of 254.83%. This indicates that the balance sheet and financial strength for Abilene Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Abilene Credit Union has increased its total deposits by $422,000, resulting in 2.49% 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 Abilene Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Abilene Credit Union has $21.37 million in assets with $4.06 million in equity, resulting in a capitalization level of 18.98%, which is excellent.

Institution Statistics

Overall
NCUA #6503
Year Chartered1950
Employees7
Primary Regulator
Assets and Liabilities
Assets$21.37 million
Loans$13.21 million
Deposits$17.36 million
Equity Capital$3.95 million
Loan Loss Allowance$108,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Historic Data - March 2013
Assets$20.64 million
Equity Capital$3.65 million
Loan Loss Allowance$132,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.39%
Return on Equity7.5%
Interest Income$225,000
Rates
Skip to rates for:

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

Abilene Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.90%$25-Roth IRA Share
0.90%$25-IRA Share
0.30%$20k-Share Account

Abilene Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$300-Share Draft Account

Abilene Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$2,500-1 Year Share Certificate
0.51%$2,500-6 Month Share Certificate
Locations


Abilene Credit Union Locations
Branch Office810 N 6th StAbilene, TX 79601