Allsouth Credit Union is headquartered in COLUMBIA and is the 5th largest credit union in the state of South Carolina. It is also the 320th largest credit union in the nation. It was established in 1960 and as of June of 2013, it had grown to 264 employees and 102,476 members. Allsouth Credit Union has a A+ health rating.
Anyone who lives, works, worships or attends school in Richland, Lexington, Newberry, Saluda, Fairfield, Sumter, Kershaw or Calhoun Counties is eligible to join AllSouth. Immediate family members of current members, and immediate family members of individuals within the field of membership are also eligible to join. - See Details
No reviews have been left for this bank yet. Be the first to review.
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 June 30, 2013 Allsouth Credit Union had $485,000 in non-current loans and owned real-estate with $88.76 million in equity and loan loss allowances on hand to cover it. This gives Allsouth Credit Union a Texas Ratio of 0.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Allsouth Credit Union decreased dramatically from 1.53% as of June 30, 2012 to 0.55% as of June 30, 2013, resulting in a positive change of 64.22%.This indicates that the balance sheet and financial strength for Allsouth Credit Union has improved dramatically in recent periods.
In the past year, Allsouth Credit Union has increased its total deposits by $7.63 million, resulting in 1.3% 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 Allsouth Credit Union has shown is above average.
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. Allsouth Credit Union has $684.93 million in assets with $88.76 million in equity, resulting in a capitalization level of 12.96%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$86.12 million|
|Loan Loss Allowance||$2.64 million|
|Unbacked Noncurrent Loans||$418,000|
|Real Estate Owned||$67,000|
|Historic Data - June 2012|
|Equity Capital||$83.49 million|
|Loan Loss Allowance||$3.21 million|
|Unbacked Noncurrent Loans||$418,000|
|Real Estate Owned||$18,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.01%|
|Return on Assets||0.75%|
|Return on Equity||5.99%|
|Interest Income||$7.43 million|
Always verify rates and promotions with the bank or credit union. We are not Allsouth Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.15%||$25||-||Roth IRA Savings|
|0.15%||$25||-||CESA Savings Account|
|0.10%||-||-||Cookie Jar club|
|0.30%||$100k||-||Money Market Account|
|1.00%||$100k||-||60 Month CD|
|0.70%||$100k||-||36 Month CD|
|0.55%||$100k||-||24 Month CD|
|0.40%||$100k||-||12 Month CD|
|0.30%||$100k||-||6 Month CD|
|0.25%||$100k||-||3 Month CD|
|0.25%||$100||-||12 Month Add-On CD|
|0.65%||$100k||-||30 Month IRA|
|0.65%||$100k||-||30 Month Roth IRA|
|0.65%||$100k||-||30 Month CESA|
|0.65%||$100k||-||30 Month Conduit IRA|
|0.50%||$100k||-||18 Month IRA|
|0.50%||$100k||-||18 Month Roth IRA|
|0.50%||$100k||-||18 Month CESA|
|0.50%||$100k||-||18 Month Conduit IRA|
|0.40%||$100k||-||12 Month IRA|
|0.40%||$100k||-||12 Month Roth IRA|
|0.40%||$100k||-||12 Month CESA|
|0.40%||$100k||-||12 Month Conduit IRA|
|0.25%||$100||-||12 Month Add-On IRA|
|0.25%||$100||-||12 Month Add-On Roth IRA|
|0.25%||$100||-||12 Month Add-On CESA|
|0.25%||$100||-||12 Month Add-On Conduit IRA|