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Overview / Commentary
512-458-2558
6411 N. Lamar Blvd
Austin, TX 78752

Greater Texas Credit Union is headquartered in Austin and is the 34th largest credit union in the state of Texas. It is also the 417st largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 126 employees and 67,931 members. Greater Texas Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Bryan-College Station, Bastrop, East or Central Travis County, Central Hidalgo County, Central Harris County, Tarrant, Dallas County area, northwest or southeast San Antonio. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 Greater Texas Credit Union had $3.24 million in non-current loans and owned real-estate with $36.84 million in equity and loan loss allowances on hand to cover it. This gives Greater Texas Credit Union a Texas Ratio of 8.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Greater Texas Credit Union experienced no significant changes from 9.59% as of December 31, 2012 to 8.79% as of December 31, 2013, resulting in a positive change of 8.39%.This indicates that the balance sheet and financial strength for Greater Texas Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Greater Texas Credit Union has increased its total deposits by $14.95 million, resulting in 3.24% 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 Greater Texas Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. Greater Texas Credit Union has $518.13 million in assets with $36.84 million in equity, resulting in a capitalization level of 7.11%, which is below average.

Institution Statistics

Overall
NCUA #7590
Year Chartered1952
Employees126
Primary Regulator
Assets and Liabilities
Assets$518.13 million
Loans$332.68 million
Deposits$476.45 million
Equity Capital$36.06 million
Loan Loss Allowance$777,000
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$0
Historic Data - December 2012
Assets$502.88 million
Equity Capital$36.60 million
Loan Loss Allowance$540,000
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.16%
Return on Assets0.37%
Return on Equity5.38%
Interest Income$12.89 million
Rates

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

Greater Texas Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$50-IRA Passbook Savings Account
0.30%$50-Roth IRA Passbook Savings Account
0.30%$50-Education IRA Passbook Savings Account
0.30%$50-SEP IRA Passbook Savings Account
0.05%$100-Health Savings Account
0.05%--Christmas Club Account
0.05%--Personal Share Account
0.05%--Business Share Account
0.00%--Minor Account

Greater Texas Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Money Market Account

Greater Texas Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1,250-Personal Checking Account
0.05%--Golden Star Club Account
0.05%$1,250-Business Checking Account

Greater Texas Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-60 Month Share Certificate
0.70%$1k-48 Month Share Certificate
0.60%$1k-42 Month Share Certificate
0.50%$1k-36 Month Share Certificate
0.40%$1k-30 Month Share Certificate
0.30%$1k-24 Month Share Certificate
0.20%$1k-18 Month Share Certificate
0.10%$1k-12 Month Share Certificate
0.05%$1k-3 Month Share Certificate
0.05%$1k-6 Month Share Certificate

Greater Texas Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-60 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.70%$1k-48 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.60%$1k-42 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.50%$1k-36 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.40%$1k-30 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.30%$1k-24 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.20%$1k-18 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
0.10%$1k-12 Month IRA Share Certificate (Traditional,Roth,SEP,CESA)
Locations

Greater Texas Credit Union has 16 locations. Click to view all Greater Texas Credit Union locations.