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.
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
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.
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.
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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$102.56 million|
|Loan Loss Allowance||$1.01 million|
|Unbacked Noncurrent Loans||$995,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|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 Margin||0.91%|
|Return on Assets||1.4%|
|Return on Equity||9.7%|
|Interest Income||$5.79 million|
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.
|0.20%||$100||-||IRA Share Savings|
|0.20%||$100||-||Roth IRA Share Savings|
|0.20%||$2,500||-||Money Market Account|
|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|
|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|