Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
940-387-8585
215 W Hickory St
DENTON, TX 76201

DATCU is headquartered in DENTON and is the 23rd largest credit union in the state of Texas. It is also the 316st largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 164 employees and 75,975 members. DATCU has a A+ health rating.

Field of Membership Restrictions

Membership eligibility is determined by any of the following: *Anyone living or working in Denton, Cooke, Wise, Montague, or Clay Counties or the city of Coppell. *Anyone who is employed by or associated with one of our Business Partners. *Anyone related to a member associated with one of our Business Partners. - See Details

Related Posts



Reviews (2)

Auto Insurance

I went through DATCU for Auto Insurance. The experience was pleasant at first, and I found decent rates and decided to go with them.  After being with them for 6+ months, they decided to change my address to an old address and add members to my policy whom I do not live with.  I sent an e-mail stating such, and after not receiving any correspondance there after assumed that it was not an issue. Later in the mail I received notice that my rate went up due to having underage policy holders on this vehicle.  I did not even live at the location at the time this policy started.  I am still waiting for resolution on this issue.

The New Way To Bank

I am not sure I am ready to jump on the credit union band wagon. This particular experience left me asking more questions than hen I started. If we walk into a place of banking with 3 or 4 questions and walk out with 10 more (and felt rushed through the first set), do we really want to consider this new way of banking? I am not sure I do. At least with this particular place I think they have a lot going on they want you to find out down the line.



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 DATCU had $995,000 in non-current loans and owned real-estate with $103.56 million in equity and loan loss allowances on hand to cover it. This gives DATCU a Texas Ratio of 0.96% 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 DATCU decreased slightly from 1.23% as of March 31, 2013 to 0.96% as of March 31, 2014, resulting in a positive change of 21.64%.This indicates that the balance sheet and financial strength for DATCU has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, DATCU has increased its total deposits by $47.1 million, resulting in 8.44% 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 DATCU 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. DATCU has $711.82 million in assets with $103.56 million in equity, resulting in a capitalization level of 14.55%, which is excellent.

Institution Statistics

Overall
NCUA #67535
Year Chartered1936
Employees164
Primary Regulator
Assets and Liabilities
Assets$711.82 million
Loans$612.31 million
Deposits$605.40 million
Equity Capital$102.56 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$995,000
Real Estate Owned$0
Historic Data - March 2013
Assets$659.15 million
Equity Capital$94.26 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$995,000
Real Estate Owned$108,000
Profit Margin - Quarterly
Net Interest Margin0.91%
Return on Assets1.4%
Return on Equity9.7%
Interest Income$5.79 million
Rates

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

DATCU Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Share Savings
0.20%$100-IRA Share Savings
0.20%$100-Roth IRA Share Savings

DATCU Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-Money Market Account

DATCU Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Checking Account

DATCU CD Rates

DetailsAPYMINMAXPRODUCT
2.01%$1k-5 Year MVP CD
1.75%$1k-5 Year CD
1.71%$1k-4 Year MVP CD
1.45%$1k-4 Year CD
1.31%$1k-3 Year MVP CD
1.06%$1k-3 Year CD
0.75%$1k-2 Year MVP CD
0.50%$1k-2 Year CD
0.50%$1k-1 Year MVP CD
0.40%$1k-6 Month MVP CD
0.25%$1k-1 Year CD
0.15%$1k-6 Month CD

DATCU IRA Rates

DetailsAPYMINMAXPRODUCT
2.01%$1k-5 Year MVP IRA
1.75%$1k-5 Year IRA
1.71%$1k-4 Year MVP IRA
1.45%$1k-4 Year IRA
1.31%$1k-3 Year MVP IRA
1.06%$1k-3 Year IRA
0.75%$1k-2 Year MVP IRA
0.50%$1k-2 Year IRA
0.50%$1k-1 Year MVP IRA
0.40%$1k-6 Month MVP IRA
0.25%$1k-1 Year IRA
0.15%$1k-6 Month IRA
Locations

DATCU has 11 locations. Click to view all DATCU locations.