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Overview / Commentary
972-494-5328
P.O. Box 469046
Garland, TX 75046

America's Credit Union (TX) is headquartered in GARLAND and is the 84th largest credit union in the state of Texas. It is also the 958th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 63 employees and 22,860 members. America's Credit Union (TX) has a A+ health rating.

Field of Membership Restrictions

Must live or work in Dallas, Collin or Rockwall County. - See Details

Reviews (1)

Great Service

I have always had great service. Has small town feel. Wish they had few more branches and extended hours. I chose them because of the high rating. Overall very pleased with my decision to replace my bank with America's Credit Union.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 America's Credit Union (TX) had $642,000 in non-current loans and owned real-estate with $24.8 million in equity and loan loss allowances on hand to cover it. This gives America's Credit Union (TX) a Texas Ratio of 2.59% 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 America's Credit Union (TX) experienced no significant changes from 1.79% as of December 31, 2012 to 2.59% as of December 31, 2013, resulting in a negative change of 44.30%. This indicates that the balance sheet and financial strength for America's Credit Union (TX) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, America's Credit Union (TX) has increased its total deposits by $4.75 million, resulting in 3.03% 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 America's Credit Union (TX) has shown is excellent.

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. America's Credit Union (TX) has $187.36 million in assets with $24.8 million in equity, resulting in a capitalization level of 13.24%, which is excellent.

Institution Statistics

Overall
NCUA #67470
Year Chartered1934
Employees63
Primary Regulator
Assets and Liabilities
Assets$187.36 million
Loans$100.33 million
Deposits$161.46 million
Equity Capital$24.29 million
Loan Loss Allowance$505,000
Unbacked Noncurrent Loans$642,000
Real Estate Owned$0
Historic Data - December 2012
Assets$181.59 million
Equity Capital$23.78 million
Loan Loss Allowance$574,000
Unbacked Noncurrent Loans$642,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.03%
Return on Assets0.2%
Return on Equity1.58%
Interest Income$5.55 million
Rates
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America's Credit Union (TX) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-IRA Deposit Account
0.10%$10k-Regular Savings
0.10%$10k-JAMMS Jr.
0.10%$10k-Special Savings
0.10%$10k-JAMMS
0.10%$10k-Roth IRA Deposit Account
0.10%$10k-CESA Deposit Account
0.05%--Christmas Club
0.05%--Vacation Club

America's Credit Union (TX) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$2k-Preferred Money Market Checking

America's Credit Union (TX) CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-36 Month CD
0.70%$5k-24 Month CD
0.55%$5k-12 Month CD
0.55%$5k-18 Month CD
0.25%$5k-6 Month CD

America's Credit Union (TX) IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2k-36 Month IRA (Traditional,Roth,CESA)
0.70%$2k-24 Month IRA (Traditional,Roth,CESA)
0.55%$2k-12 Month IRA (Traditional,Roth,CESA)
0.55%$2k-18 Month IRA (Traditional,Roth,CESA)
0.25%$2k-6 Month IRA (Traditional,Roth,CESA)
Locations


America's Credit Union (TX) Locations
Branch Office2154 FOREST LNGARLAND, TX 75042
Branch Office116 E KEARNEY STMESQUITE, TX 75149
Branch Office3132 W Miller RdGarland, TX 75041-6108
Branch Office2802 W miller RdGarland, TX 75041-1211
Branch Office3001 Motley Dr Ste HMesquite, TX 75150-3457
Branch Office1200 S Jupiter RdGarland, TX 75042-7711
Branch Office2350 E Bennett StSpringfield, MO 65804-1732