Heart O' Texas Credit Union
Heart O' Texas Credit Union is headquartered in Waco and is the 167th largest credit union in the state of Texas. It is also the 2,178th largest credit union in the nation. It was established in 1956 and as of December of 2011, it had grown to 32 employees and 9,119 members. Heart O' Texas Credit Union has a 4-star health rating.
See Rates for: Checking |
CD |
IRA
Heart O' Texas Credit Union Checking Account Rates
|
Apy | Min | Max | Product |
| 0.40% | $50k | - | Safe Asset Management Account |
| 0.01% | $750 | - | Share Draft Account |
Heart O' Texas Credit Union CD Rates
|
Apy | Min | Max | Product |
| 1.36% | $1k | - | 48 Month Share Certificate |
| 1.01% | $1k | - | 36 Month Share Certificate |
| 0.90% | $1k | - | 24 Month Share Certificate |
| 0.75% | $1k | - | 12 Month Share Certificate |
| 0.50% | $1k | - | 6 Month Share Certificate |
Heart O' Texas Credit Union IRA Rates
|
Apy | Min | Max | Product |
| 1.36% | $1k | - | 48 Month IRA Certificate |
| 1.01% | $1k | - | 36 Month IRA Certificate |
| 0.90% | $1k | - | 24 Month IRA Certificate |
| 0.75% | $1k | - | 12 Month IRA Certificate |
| 0.50% | $1k | - | 6 Month IRA Certificate |
Rates updated: 5/25/2012
Data for Q4 2011
Institution Statistics
| HEART O' TEXAS | | NCUA # | 11032 | | BankRate Report | View | | Year Chartered | 1956 | | Employees | 32 | | Primary Regulator | |
Assets and Liabilities | | Assets | $52.96 million | | Loans | $26.91 million | | Deposits | $47.05 million | | Equity Capital | $4.59 million | | Loan Loss Allowance | $124,000 | | Unbacked Noncurrent Loans | $26,000 | | Real Estate Owned | $41,000 |
Historic Data - December 2010 | | Assets | $54.09 million | | Equity Capital | $4.42 million | | Loan Loss Allowance | $163,000 | | Unbacked Noncurrent Loans | $451,000 | | Real Estate Owned | $41,000 |
Profit Margin - Quarterly | | Net Interest Margin | 8.41% | | Return on Assets | 0.32% | | Return on Equity | 3.72% | | Interest Income | $2.48 million | | Non-Interest Income | $789,000 |
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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 Heart O' Texas Credit Union had $67,000 in non-current loans and owned real-estate with $4.72 million in equity and loan loss allowances on hand to cover it. This gives Heart O' Texas Credit Union a Texas Ratio of 1.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Heart O' Texas Credit Union decreased significantly from 10.74% as of December 31, 2010 to 1.42% as of December 31, 2011, resulting in a positive change of 86.77%.This indicates that the balance sheet and financial strength for Heart O' Texas Credit Union has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Heart O' Texas Credit Union has decreased its total deposits by $-635,000, resulting in -1.33% 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 Heart O' Texas Credit Union has shown is below 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. Heart O' Texas Credit Union has $52.96 million in assets with $4.72 million in equity, resulting in a capitalization level of 8.91%, which is average. |
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