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 682nd largest credit union in the nation. It was established in 1968 and as of March of 2014, it had grown to 134 employees and 35,043 members. Associated Credit Union Of Texas' money market rates are 18% higher than the national average, and it boasts a A+ health rating.
Must live, work or worship in Brazoria or Galveston County. - See Details
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.
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 Associated Credit Union Of Texas had $1.2 million in non-current loans and owned real-estate with $34.46 million in equity and loan loss allowances on hand to cover it. This gives Associated Credit Union Of Texas a Texas Ratio of 3.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Associated Credit Union Of Texas decreased dramatically from 6.17% as of March 31, 2013 to 3.49% as of March 31, 2014, resulting in a positive change of 43.43%.This indicates that the balance sheet and financial strength for Associated Credit Union Of Texas has improved dramatically in recent periods.
In the past year, Associated Credit Union Of Texas has increased its total deposits by $12.5 million, resulting in 4.95% 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.
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 $307.79 million in assets with $34.46 million in equity, resulting in a capitalization level of 11.19%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$30.16 million|
|Loan Loss Allowance||$4.30 million|
|Unbacked Noncurrent Loans||$852,000|
|Real Estate Owned||$350,000|
|Historic Data - March 2013|
|Equity Capital||$27.88 million|
|Loan Loss Allowance||$5.62 million|
|Unbacked Noncurrent Loans||$852,000|
|Real Estate Owned||$835,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.66%|
|Return on Assets||1.06%|
|Return on Equity||10.82%|
|Interest Income||$3.76 million|
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|0.40%||$100||-||IRA Savings Account|
|0.40%||$100||-||Roth IRA Savings Account|
|0.40%||$100||-||Coverdell Education Savings Account|
|0.52%||$350k||-||Money Market Index|
|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|