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800-252-1310
8929 Shoal Creek Blvd
Austin, TX 78757

Austin Telco Credit Union is headquartered in Austin and is the 12st largest credit union in the state of Texas. It is also the 159th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 113 employees and 73,287 members. Austin Telco Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Austin's five county Metropolitan Area (Travis, Williamson, Hays, Bastrop or Caldwell County). - See Details

Reviews (1)

Awesome Bank!

With a single review and a 4-star rating, you may think that this is review is being written by someone who works there, but I assure you that I am not in any way affiliated, other than banking there.  I currently hold accounts with Bank of America, Chase, and Austin Telco, and Austin Telco rocks!

I no longer live in Texas, so banking remotely with Austin Telco is a tad difficult, especially since I can't do deposits via my cellphone etc as other banks do.  But I keep my Austin Telco account as my personal bank account because they are just awesome.  Service is great (unlike BoA), fees are reasonable (unlike Chase and BoA), and I can easily reach people by phone (unlike BoA) who are always friendly.

So why not 5 stars?  Because their technology is a bit behind compared to other banks who can do cellphone deposits, etc.  That's enough for me to fairly take away one star, but no where near enough of a reason for me to bank in my own city.  Austin Telco rocks!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Austin Telco Credit Union had $316,000 in non-current loans and owned real-estate with $124.25 million in equity and loan loss allowances on hand to cover it. This gives Austin Telco Credit Union a Texas Ratio of 0.25% 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 Austin Telco Credit Union experienced no significant changes from 0.09% as of March 31, 2013 to 0.25% as of March 31, 2014, resulting in a negative change of 181.93%. This indicates that the balance sheet and financial strength for Austin Telco Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Austin Telco Credit Union has increased its total deposits by $11.46 million, resulting in 1% 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 Austin Telco Credit Union has shown is above average.

Capitalization

GRADE:
B

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. Austin Telco Credit Union has $1.28 billion in assets with $124.25 million in equity, resulting in a capitalization level of 9.71%, which is above average.

Institution Statistics

Overall
NCUA #4584
Year Chartered1941
Employees113
Primary Regulator
Assets and Liabilities
Assets$1.28 billion
Loans$456.91 million
Deposits$1.15 billion
Equity Capital$123.29 million
Loan Loss Allowance$958,000
Unbacked Noncurrent Loans$316,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.27 billion
Equity Capital$115.58 million
Loan Loss Allowance$821,000
Unbacked Noncurrent Loans$316,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.85%
Return on Assets1.1%
Return on Equity11.42%
Interest Income$7.46 million
Rates

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

Austin Telco Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$25-IRA Savings Account
0.35%$25-Roth IRA Savings Account
0.20%$100-Share Savings Account

Austin Telco Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$125k-Money Market Account

Austin Telco Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1,500-Checking Account

Austin Telco Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.46%$95k-60 Months Share Certificate
1.31%$95k-48 Months Share Certificate
1.21%$95k-36 Months Share Certificate
0.95%$95k-24 Months Share Certificate
0.80%$95k-12 Months Share Certificate
0.60%$95k-6 Months Share Certificate
0.25%$95k-3 Months Share Certificate

Austin Telco Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.46%$95k-60 Months IRA Certificate
1.31%$95k-48 Months IRA Certificate
1.21%$95k-36 Months IRA Certificate
0.95%$95k-24 Months IRA Certificate
0.80%$95k-12 Months IRA Certificate
0.60%$95k-6 Months IRA Certificate
0.25%$95k-3 Months IRA Certificate
Locations

Austin Telco Credit Union has 22 locations. Click to view all Austin Telco Credit Union locations.