Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
Not Federally Insured
888-741-3344
111 S Hawthorne St
Elgin, IL 60123

Kane County Teachers Credit Union is headquartered in Elgin and is the 36th largest credit union in the state of Illinois. It is also the 965th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 44 employees and 17,354 members. Kane County Teachers Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership in KCT Credit Union is open to anyone who lives or works within the following counties: Dekalb, DuPage, Grundy, Kane, Kendall, McHenry, and Cook County west of Route 83. - See Details

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Kane County Teachers Credit Union had $443,000 in non-current loans and owned real-estate with $22.16 million in equity and loan loss allowances on hand to cover it. This gives Kane County Teachers Credit Union a Texas Ratio of 2.00% 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 Kane County Teachers Credit Union experienced no significant changes from 0.60% as of March 31, 2013 to 2.00% as of March 31, 2014, resulting in a negative change of 231.88%. This indicates that the balance sheet and financial strength for Kane County Teachers Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Kane County Teachers Credit Union has increased its total deposits by $8.24 million, resulting in 5.1% 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 Kane County Teachers Credit Union has shown is excellent.

Capitalization

GRADE:
A

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. Kane County Teachers Credit Union has $192.02 million in assets with $22.16 million in equity, resulting in a capitalization level of 11.54%, which is excellent.

Institution Statistics

Overall
NCUA #95015
Year Chartered1937
Employees44
Primary Regulator
Assets and Liabilities
Assets$192.02 million
Loans$49.14 million
Deposits$169.92 million
Equity Capital$21.30 million
Loan Loss Allowance$866,000
Unbacked Noncurrent Loans$443,000
Real Estate Owned$0
Historic Data - March 2013
Assets$184.61 million
Equity Capital$22.12 million
Loan Loss Allowance$793,000
Unbacked Noncurrent Loans$443,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets0.03%
Return on Equity0.28%
Interest Income$1.15 million
Rates

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

Kane County Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Primary Share
0.10%--2nd Savings
0.10%--3rd Savings
0.10%--Christmas Club

Kane County Teachers Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market

Kane County Teachers Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Basic Checking

Kane County Teachers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-60 Month CD
0.60%$500-48 Month CD
0.40%$500-36 Month CD
0.30%$500-24 Month CD
0.25%$500-18 Month CD
0.20%$500-1 Year CD
0.15%$500-6 Month CD
0.12%$500-90 Day CD

Kane County Teachers Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$500-60 Month IRA
0.60%$500-48 Month IRA
0.40%$500-36 Month IRA
0.30%$500-24 Month IRA
0.25%$500-18 Month IRA
0.20%$500-1 Year IRA
0.15%$500-6 Month IRA
0.12%$500-90 Day IRA
Locations


Kane County Teachers Credit Union Locations
Branch Office111 S Hawthorne StElgin, IL 60123
Branch Office320 E INDIAN TRLAurora, IL 605051760
Branch Office28 N 5th StGeneva, IL 60134