Family Trust Credit Union is headquartered in Rock Hill and is the 10st largest credit union in the state of South Carolina. It is also the 638th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 99 employees and 45,898 members. Family Trust Credit Union's savings rates are 2X the national average, and it has a A health rating.
Credit union membership is open to anyone who lives, works, worships, or attends school in York County, South Carolina. - See Details
I've been with this credit union for over 12 years and I've seen customer service steadily decline. They really just don't care anything about their members or their concerns. I wrote a letter to the president and he ignored it. They act like they are Bank of America or something instead of the small credit union they really are.
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 Family Trust Credit Union had $1.32 million in non-current loans and owned real-estate with $29.7 million in equity and loan loss allowances on hand to cover it. This gives Family Trust Credit Union a Texas Ratio of 4.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Family Trust Credit Union decreased slightly from 6.02% as of March 31, 2013 to 4.43% as of March 31, 2014, resulting in a positive change of 26.30%.This indicates that the balance sheet and financial strength for Family Trust Credit Union has improved slightly in recent periods.
In the past year, Family Trust Credit Union has increased its total deposits by $18.92 million, resulting in 7.48% 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 Family Trust Credit Union 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. Family Trust Credit Union has $336.17 million in assets with $29.7 million in equity, resulting in a capitalization level of 8.83%, which is average.
|Assets and Liabilities|
|Equity Capital||$28.40 million|
|Loan Loss Allowance||$1.30 million|
|Unbacked Noncurrent Loans||$1.24 million|
|Real Estate Owned||$77,000|
|Historic Data - March 2013|
|Equity Capital||$24.77 million|
|Loan Loss Allowance||$1.48 million|
|Unbacked Noncurrent Loans||$1.24 million|
|Real Estate Owned||$388,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.08%|
|Return on Assets||1.09%|
|Return on Equity||12.92%|
|Interest Income||$2.99 million|
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|1.25%||$100k||-||PayBack Savings - Qualifying|
|0.10%||-||-||PayBack Savings - Non Qualifying|
|0.05%||$250||-||Prime Times Checking|
|0.05%||$250||-||Premier Choice Checking|
|1.15%||$500||-||60 Month Share Certificate|
|1.05%||$500||-||48 Month Share Certificate|
|1.00%||$500||-||36 Month Share Certificate|
|1.00%||$500||-||36 Month Bump Your Rate Share Certificate|
|0.65%||$100k||-||24 Month Share Certificate|
|0.45%||$100k||-||12 Month Explorer Club Certificate Special|
|0.45%||$100k||-||12 Month Elements Club Certificate Special|
|0.45%||$100k||-||12 Month Prime Times Certificate Special|
|0.20%||$500||-||6 Month Share Certificate|
|0.20%||$500||-||9 Month Share Certificate|
|0.10%||$500||-||3 Month Share Certificate|
|1.15%||$500||-||60 Month IRA Certificate|
|1.05%||$500||-||48 Month IRA Certificate|
|1.00%||$500||-||36 Month IRA Certificate|
|1.00%||$500||-||36 Month Bump Your Rate IRA Certificate|
|0.65%||$100k||-||24 Month IRA Certificate|
|0.45%||$100k||-||12 Month IRA Certificate|
|0.20%||$500||-||6 Month IRA Certificate|
|0.20%||$500||-||9 Month IRA Certificate|
|Family Trust Credit Union Locations|
|Branch Office||2153 Ebenezer Rd||Rock Hill, SC 29732|
|Branch Office||1219 Highway 55 E||Clover, SC 29710|
|Branch Office||430 Mercantile Place||Fort Mill, SC 29715|
|Branch Office||1605 Progress Way||Rock Hill, SC 29730|
|Branch Office||1615 Progress Way||Rock Hill, SC 29730|
|Branch Office||225 W White St||Rock Hill, SC 29730|
|Branch Office||1690 Old York Rd||York, SC 29745|
|Branch Office||1490 Albright Rd||Rock Hill, SC 29730|