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Overview / Commentary
800-848-0330
P.O. Box 9004
League City, TX 77574

Associated Credit Union Of Texas is headquartered in League City and is the 60th largest credit union in the state of Texas. It is also the 686th largest credit union in the nation. It was established in 1968 and as of December of 2013, it had grown to 125 employees and 34,707 members. Associated Credit Union Of Texas' money market rates are 18% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work or worship in Brazoria or Galveston County. - See Details

Reviews (1)

Extremely Dissapointed -

Very poor customer service.  Long story short, they secretly tacked on to the end of my loan -  $2,000 of "insurance charges for 1 year"  - because they alegedly did not receive my proof of insurance. So instead of notifying me, they have been adding additonal insurance, to the principle of my loan for 18 months. Liberty Mutual has been my insurance provider for 10 years...I have never been without insurance. 



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 Associated Credit Union Of Texas had $1.87 million in non-current loans and owned real-estate with $33.43 million in equity and loan loss allowances on hand to cover it. This gives Associated Credit Union Of Texas a Texas Ratio of 5.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Associated Credit Union Of Texas decreased slightly from 6.74% as of December 31, 2012 to 5.59% as of December 31, 2013, resulting in a positive change of 17.15%.This indicates that the balance sheet and financial strength for Associated Credit Union Of Texas has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Associated Credit Union Of Texas has increased its total deposits by $11.77 million, resulting in 4.82% 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 Associated Credit Union Of Texas 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. Associated Credit Union Of Texas has $296.96 million in assets with $33.43 million in equity, resulting in a capitalization level of 11.26%, which is excellent.

Institution Statistics

Overall
NCUA #60608
Year Chartered1968
Employees125
Primary Regulator
Assets and Liabilities
Assets$296.96 million
Loans$206.68 million
Deposits$255.69 million
Equity Capital$28.85 million
Loan Loss Allowance$4.58 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$550,000
Historic Data - December 2012
Assets$278.12 million
Equity Capital$27.11 million
Loan Loss Allowance$5.76 million
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$1.06 million
Profit Margin - Quarterly
Net Interest Margin6.4%
Return on Assets0.88%
Return on Equity9.06%
Interest Income$14.62 million
Rates

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

Associated Credit Union Of Texas Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100-IRA Savings Account
0.40%$100-Roth IRA Savings Account
0.40%$100-Coverdell Education Savings Account
0.20%$100-Savings Account

Associated Credit Union Of Texas Money Market Rates

DetailsAPYMINMAXPRODUCT
0.52%$350k-Money Market Index
0.50%$350k-Money Market

Associated Credit Union Of Texas Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Checking

Associated Credit Union Of Texas CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$50k-60 Month Jumbo CD
1.65%$1k-60 Month Share Certificate
1.50%$50k-48 Month Jumbo CD
1.40%$1k-48 Month Share Certificate
1.30%$50k-36 Month Jumbo CD
1.20%$1k-36 Month Share Certificate
1.20%$50k-30 Month Jumbo CD
1.10%$1k-30 Month Share Certificate
1.00%$50k-24 Month Jumbo CD
0.90%$1k-24 Month Share Certificate
0.75%$50k-18 Month Jumbo CD
0.65%$1k-18 Month Share Certificate
0.60%$50k-12 Month Jumbo CD
0.50%$1k-12 Month Share Certificate
0.50%$50k-6 Month Jumbo CD
0.40%$1k-6 Month Share Certificate
0.40%$50k-3 Month Jumbo CD
0.30%$1k-3 Month Share Certificate
Locations

Associated Credit Union Of Texas has 17 locations. Click to view all Associated Credit Union Of Texas locations.