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Overview / Commentary
210-673-5610
1560 Cable Ranch Rd Ste 200
San Antonio, TX 78245

Air Force Federal Credit Union is headquartered in San Antonio and is the 50th largest credit union in the state of Texas. It is also the 589th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 142 employees and 39,893 members. Air Force Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Members of The Lackland Gateway Heritage Foundation Inc. are eligible to join the credit union. In addition, credit union membership is open to those connected to the Department of Defense who are working in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Air Force Federal Credit Union had $2.22 million in non-current loans and owned real-estate with $31.46 million in equity and loan loss allowances on hand to cover it. This gives Air Force Federal Credit Union a Texas Ratio of 7.04% 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 Air Force Federal Credit Union experienced no significant changes from 2.90% as of March 31, 2013 to 7.04% as of March 31, 2014, resulting in a negative change of 143.10%. This indicates that the balance sheet and financial strength for Air Force Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Air Force Federal Credit Union has increased its total deposits by $8.55 million, resulting in 2.61% 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 Air Force Federal Credit Union has shown is above average.

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. Air Force Federal Credit Union has $372.07 million in assets with $31.46 million in equity, resulting in a capitalization level of 8.46%, which is average.

Institution Statistics

Overall
NCUA #8169
Year Chartered1952
Employees142
Primary Regulator
Assets and Liabilities
Assets$372.07 million
Loans$249.46 million
Deposits$336.84 million
Equity Capital$29.45 million
Loan Loss Allowance$2.02 million
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$0
Historic Data - March 2013
Assets$353.54 million
Equity Capital$27.83 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets-0.12%
Return on Equity-1.49%
Interest Income$4.30 million
Rates

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

Air Force Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Shares
0.25%--Coverdell ESA Shares
0.25%--HSA Share Draft
0.25%--Roth IRA Shares
0.10%--Regular Share Account
0.10%--Christmas Club
0.10%--Secondary Share Account

Air Force Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$2,500-Money Market Account

Air Force Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Draft Account

Air Force Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$100k-7 Year CD
1.40%$100k-5 Year CD
1.25%$100k-3 Year CD
1.25%$100k-3 Year Bump Up CD
1.00%$100k-2 Year CD
0.65%$100k-1 Year CD
0.40%$100k-6 Month CD
0.30%$100-1 Year Booster CD

Air Force Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$100k-7 Year IRA
1.40%$100k-5 Year IRA
1.25%$100k-3 Year IRA
1.00%$100k-2 Year IRA
0.65%$100k-1 Year IRA
Locations


Air Force Federal Credit Union Locations
Branch Office200 Avenue CDel Rio, TX 78840
Branch Office1023 Rittiman Rd Ste 105San Antonio, TX 78218
Branch Office7853 Guilbeau RdSan Antonio, TX 78250
Branch Office151 Valley HI DrSan Antonio, TX 78227
Branch Office3103 Wurzbach RdSan Antonio, TX 78238
Branch Office1560 Cable Ranch Rd Ste 200San Antonio, TX 78245
Branch Office2250 Kenly AveSan Antonio, TX 78236
Branch Office2200 Bergquist Dr Ste BT07San Antonio, TX 78236
Branch Office6000 FM 3009 Ste 206Schertz, TX 78154
Branch Office333 Martin Luther King DrSan Antonio, TX 78203-1407