East Texas Professional Credit Union is headquartered in Longview and is the 33rd largest credit union in the state of Texas. It is also the 411st largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 125 employees and 59,001 members. East Texas Professional Credit Union has a A health rating.
Must live or work in Anderson, Angelina, Northern Cherokee, Gregg, Harrison, Henderson, Nacogdoches, Rusk, Smith or Upshur county. Also open to those who are certified to work in education, health care, professional fields, government/social services or students in Camp County, Marion County, Panola County, City of Daingerfield in Morris county or City of Hughes Springs or Avinger City in Cass county (Student eligibility applies to students ages 17 or older) - See Details
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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 East Texas Professional Credit Union had $1.03 million in non-current loans and owned real-estate with $81.96 million in equity and loan loss allowances on hand to cover it. This gives East Texas Professional Credit Union a Texas Ratio of 1.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for East Texas Professional Credit Union experienced no significant changes from 1.03% as of December 31, 2012 to 1.26% as of December 31, 2013, resulting in a negative change of 21.92%. This indicates that the balance sheet and financial strength for East Texas Professional Credit Union has had no significant changes in recent periods.
In the past year, East Texas Professional Credit Union has increased its total deposits by $4.03 million, resulting in 0.92% 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 East Texas Professional Credit Union has shown is above average.
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. East Texas Professional Credit Union has $526.57 million in assets with $81.96 million in equity, resulting in a capitalization level of 15.56%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$81.16 million|
|Loan Loss Allowance||$795,000|
|Unbacked Noncurrent Loans||$995,000|
|Real Estate Owned||$36,000|
|Historic Data - December 2012|
|Equity Capital||$77.71 million|
|Loan Loss Allowance||$888,000|
|Unbacked Noncurrent Loans||$995,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||5.53%|
|Return on Assets||1.12%|
|Return on Equity||7.3%|
|Interest Income||$15.35 million|
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|0.25%||$10k||-||Share Savings Account|
|0.25%||$100||-||Christmas Club Account|
|0.25%||$25||-||IRA Savings Account|
|0.25%||$25||-||Roth IRA Savings Account|
|0.05%||$100||-||Vacation Club Account|
|0.40%||$100k||-||Money Market Plus Account|
|0.10%||$2k||-||Money Market Checking Account|
|0.03%||$1k||-||Checking (applicable accounts)|
|0.03%||$1k||-||Advantage Checking Account|
|1.60%||$1k||-||60 Month Share Certificate|
|1.30%||$1k||-||48 Month Share Certificate|
|1.00%||$1k||-||36 Month Share Certificate|
|0.75%||$1k||-||24 Month Share Certificate|
|0.50%||$1k||-||12 Month Share Certificate|
|0.50%||$1k||-||18 Month Share Certificate|
|0.40%||$1k||-||183 Day Share Certificate|
|0.25%||$1k||-||91 Day Share Certificate|
|1.00%||$1k||-||36 Month IRA Share Certificate (Traditional,Roth)|
|0.75%||$1k||-||24 Month IRA Share Certificate (Traditional,Roth)|
|0.50%||$1k||-||12 Month IRA Share Certificate (Traditional,Roth)|
|East Texas Professional Credit Union Locations|
|Branch Office||3502 W Loop 281||Longview, TX 75604|
|Branch Office||850 Rice Rd||Tyler, TX 75703-3117|
|Branch Office||409 E Loop 281||Longview, TX 75605-7916|
|Branch Office||305 S Alamo Blvd||Marshall, TX 75670-4266|
|Branch Office||1407 Cardinal St||Nacogdoches, TX 75961|
|Branch Office||304 N Kilgore St||Kilgore, TX 75662-5826|
|Branch Office||301 S Chestnut St||Lufkin, TX 75901-4905|
|Branch Office||406 College Dr||Lufkin, TX 75904-5702|
|Branch Office||3801 Gilmer Rd||Longview, TX 75604-1132|
|Branch Office||1201 Highland Dr||Henderson, TX 75652-5505|