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 591st largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 145 employees and 38,936 members. Air Force Federal Credit Union has a B+ health rating.
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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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 Air Force Federal Credit Union had $2.9 million in non-current loans and owned real-estate with $31.13 million in equity and loan loss allowances on hand to cover it. This gives Air Force Federal Credit Union a Texas Ratio of 9.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Air Force Federal Credit Union held steady from 4.61% as of December 31, 2012 to 9.33% as of December 31, 2013, resulting in a negative change of 102.16%. This indicates that the balance sheet and financial strength for Air Force Federal Credit Union has held steady in recent periods.
In the past year, Air Force Federal Credit Union has increased its total deposits by $10.3 million, resulting in 3.25% 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 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. Air Force Federal Credit Union has $361.54 million in assets with $31.13 million in equity, resulting in a capitalization level of 8.61%, which is average.
|Assets and Liabilities|
|Equity Capital||$29.48 million|
|Loan Loss Allowance||$1.65 million|
|Unbacked Noncurrent Loans||$2.82 million|
|Real Estate Owned||$81,000|
|Historic Data - December 2012|
|Equity Capital||$27.59 million|
|Loan Loss Allowance||$1.45 million|
|Unbacked Noncurrent Loans||$2.82 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.7%|
|Return on Assets||0.2%|
|Return on Equity||2.51%|
|Interest Income||$15.76 million|
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|0.25%||-||-||Coverdell ESA Shares|
|0.25%||-||-||HSA Share Draft|
|0.25%||-||-||Roth IRA Shares|
|0.10%||-||-||Regular Share Account|
|0.10%||-||-||Secondary Share Account|
|0.25%||$2,500||-||Money Market Account|
|0.05%||-||-||Share Draft Account|
|1.75%||$100k||-||7 Year CD|
|1.40%||$100k||-||5 Year CD|
|1.00%||$100k||-||3 Year CD|
|0.85%||$100k||-||2 Year CD|
|0.80%||$100k||-||3 Year Bump Up CD|
|0.65%||$100k||-||1 Year CD|
|0.40%||$100k||-||6 Month CD|
|0.30%||$100||-||1 Year Booster CD|
|1.75%||$100k||-||7 Year IRA (Traditional,Roth,CESA)|
|1.40%||$100k||-||5 Year IRA (Traditional,Roth,CESA)|
|1.00%||$100k||-||3 Year IRA (Traditional,Roth,CESA)|
|0.85%||$100k||-||2 Year IRA (Traditional,Roth,CESA)|
|0.65%||$100k||-||1 Year IRA (Traditional,CESA)|
|0.65%||$100k||-||1 Year Roth IRA|
|Air Force Federal Credit Union Locations|
|Branch Office||200 Avenue C||Del Rio, TX 78840|
|Branch Office||1023 Rittiman Rd Ste 105||San Antonio, TX 78218|
|Branch Office||7853 Guilbeau Rd||San Antonio, TX 78250|
|Branch Office||151 Valley HI Dr||San Antonio, TX 78227|
|Branch Office||3103 Wurzbach Rd||San Antonio, TX 78238|
|Branch Office||1560 Cable Ranch Rd Ste 200||San Antonio, TX 78245|
|Branch Office||2250 Kenly Ave||San Antonio, TX 78236|
|Branch Office||2200 Bergquist Dr Ste BT07||San Antonio, TX 78236|
|Branch Office||6000 FM 3009 Ste 206||Schertz, TX 78154|
|Branch Office||333 Martin Luther King Dr||San Antonio, TX 78203-1407|