Average User Rating:
5 star rating based on 1 review.

Educators Credit Union

1400 N Newman Rd
Racine, WI 53406
(800) 236-3168
www.ecu.com

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Educators Credit Union is headquartered in RACINE and is the 5^th largest credit union in the state of Wisconsin. It is also the 127^th largest credit union in the nation. It was established in 1937 and as of December of 2011, it had grown to 237 employees and 104,909 members. Educators Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

Educators Credit Union Routing Number: 275981378

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See Rates for: Checking | Savings | Money Market | CD | IRA

Educators Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.01%	$2,500	-	Checking Account

Educators Credit Union Savings Account Rates

Apy	Min	Max	Product
2.00%	-	-	Summer Pay
1.01%	$2,500	$2,500	Change Up Savings
1.01%	$2,500	$2,500	VIP Savings
0.11%	-	-	Prime Share Savings
0.11%	-	-	Christmas Club
0.11%	-	-	Vacation Club
0.11%	-	-	Health Savings Account

Educators Credit Union Money Market Rates

Apy	Min	Max	Product
0.41%	$50k	-	High Yield Money Market
0.41%	$50k	-	High Yield Money Market IRA

Educators Credit Union CD Rates

Apy	Min	Max	Product
1.56%	$500	-	5 Year Share Certificate
1.26%	$500	-	4 Year Share Certificate
1.01%	$500	-	3 Year Share Certificate
0.86%	$500	-	30 Month "Jump Up, Add-On" Share Certificate
0.76%	$500	-	2 Year "Jump Up" Share Certificate
0.66%	$500	-	18 Month Share Certificate
0.51%	$500	-	1 Year Share Certificate
0.36%	$500	-	275 Day Ad-On Share Certificate
0.31%	$500	-	182 Day Share Certificate
0.21%	$500	-	91 Day Share Certificate

Educators Credit Union IRA Rates

Apy	Min	Max	Product
1.56%	$500	-	5 Year IRA Certificate
1.56%	$500	-	5 Year Roth IRA Certificate
1.56%	$500	-	5 Year CESA Certificate
1.26%	$500	-	4 Year IRA Certificate
1.26%	$500	-	4 Year Roth IRA Certificate
1.26%	$500	-	4 Year CESA Certificate
1.01%	$500	-	3 Year IRA Certificate
1.01%	$500	-	3 Year Roth IRA Certificate
1.01%	$500	-	3 Year CESA Certificate
0.86%	$500	-	30 Month "Jump Up, Add-On" IRA Certificate
0.86%	$500	-	30 Month "Jump Up, Add-On" Roth IRA Certificate
0.86%	$500	-	30 Month "Jump Up, Add-On" CESA Certificate
0.76%	$500	-	2 Year "Jump Up" IRA Certificate
0.76%	$500	-	2 Year "Jump Up" Roth IRA Certificate
0.76%	$500	-	2 Year "Jump Up" CESA Certificate
0.66%	$500	-	18 Month IRA Certificate
0.66%	$500	-	18 Month Roth IRA Certificate
0.66%	$500	-	18 Month CESA Certificate
0.51%	$500	-	1 Year IRA Certificate
0.51%	$500	-	1 Year Roth IRA Certificate
0.51%	$500	-	1 Year CESA Certificate
0.36%	$500	-	275 Day Ad-On IRA Certificate
0.36%	$500	-	275 Day Ad-On Roth IRA Certificate
0.36%	$500	-	275 Day Ad-On CESA Certificate
0.31%	$500	-	182 Day IRA Certificate
0.31%	$500	-	182 Day Roth IRA Certificate
0.31%	$500	-	182 Day CESA Certificate
0.21%	$500	-	91 Day IRA Certificate
0.21%	$500	-	91 Day Roth IRA Certificate
0.21%	$500	-	91 Day CESA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

EDUCATORS
NCUA #	66448
BankRate Report	View
Year Chartered	1937
Employees	237
Primary Regulator
Assets and Liabilities
Assets	$1.32 billion
Loans	$1.05 billion
Deposits	$1.17 billion
Equity Capital	$134.50 million
Loan Loss Allowance	$11.01 million
Unbacked Noncurrent Loans	$29.65 million
Real Estate Owned	$907,000
Historic Data - December 2010
Assets	$1.28 billion
Equity Capital	$124.07 million
Loan Loss Allowance	$9.30 million
Unbacked Noncurrent Loans	$23.80 million
Real Estate Owned	$2.30 million
Profit Margin - Quarterly
Net Interest Margin	3.95%
Return on Assets	0.76%
Return on Equity	7.48%
Interest Income	$53.03 million
Non-Interest Income	$18.42 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2011 Educators Credit Union had $30.56 million in non-current loans and owned real-estate with $145.51 million in equity and loan loss allowances on hand to cover it. This gives Educators Credit Union a Texas Ratio of 21.00% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Educators Credit Union held steady from 19.57% as of December 31, 2010 to 21.00% as of December 31, 2011, resulting in a negative change of 7.34%. This indicates that the balance sheet and financial strength for Educators Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Educators Credit Union has increased its total deposits by $26.91 million, resulting in 2.36% 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 Educators Credit Union has shown is above average.
Capitalization
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. Educators Credit Union has $1.32 billion in assets with $145.51 million in equity, resulting in a capitalization level of 11.02%, which is above average.

Great Credit Union
5 stars

- thjoca3 - Tuesday, March 8, 2011 - 5:47 AM

Educators Credit Union, ECU for short, is a credit union based in southeast Wisconsin. I have banked with them for about 14 years. They have always been very helpful when I would need loans, be it Auto, personal or school. I also have a checking and savings account with them and I have never had any problems with them. They give out dividends when they have a good year, and it is based on how many accounts you have with them. They are always friendly and have great customer service. The only down fall is the lack of branches at least in my area, but there is one about 10 miles from my house if I do actually need a brick and mortar store. I mainly use their online tools and they are very good. They offer account balances, bill pay, loan quotes all from their website. I would recommend them to anyone.