1 star ratingAverage User Rating:
1 star rating based on 1 review.

Kingsville Area Educators Credit Union

Kingsville Area Educators Credit Union Locations
1209 W King Ave
Kingsville, TX 78363
(361) 592-5148
www.kaefcu.com

NCUA

Kingsville Area Educators Credit Union is headquartered in Kingsville and is the 283rd largest credit union in the state of Texas. It is also the 3,726th largest credit union in the nation. It was established in 1962 and as of December of 2012, it had grown to 7 employees and 3,297 members. Kingsville Area Educators Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.



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See Rates for: Savings | Money Market

Kingsville Area Educators Credit Union Savings Account Rates

ApyMinMaxProduct
2.00%--IRA

Kingsville Area Educators Credit Union Money Market Rates

ApyMinMaxProduct
1.30%$2k-Money Market Accounts

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


KINGSVILLE AREA EDUCATORS
NCUA #15117
BankRate ReportView
Year Chartered1962
Employees7
Primary Regulator

Assets and Liabilities

Assets$17.94 million
Loans$7.38 million
Deposits$15.89 million
Equity Capital$1.96 million
Loan Loss Allowance$156,000
Unbacked Noncurrent Loans$254,000

Historic Data - December 2011

Assets$17.08 million
Equity Capital$1.89 million
Loan Loss Allowance$80,000
Unbacked Noncurrent Loans$91,000

Profit Margin - Quarterly

Net Interest Margin10.01%
Return on Assets0.36%
Return on Equity3.32%
Interest Income$895,000
Non-Interest Income$106,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 Kingsville Area Educators Credit Union had $254,000 in non-current loans and owned real-estate with $2.11 million in equity and loan loss allowances on hand to cover it. This gives Kingsville Area Educators Credit Union a Texas Ratio of 12.03% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Kingsville Area Educators Credit Union increased slightly from 4.61% as of December 31, 2011 to 12.03% as of December 31, 2012, resulting in a negative change of 160.62%. This indicates that the balance sheet and financial strength for Kingsville Area Educators Credit Union has declined slightly in recent periods.
Deposit Growth5
In the past year, Kingsville Area Educators Credit Union has increased its total deposits by $834,000, resulting in 5.54% 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 Kingsville Area Educators Credit Union has shown is excellent.
Capitalization4
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. Kingsville Area Educators Credit Union has $17.93 million in assets with $2.11 million in equity, resulting in a capitalization level of 11.78%, which is above average.
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No Customer Service
1 stars - AmandaAdams - Monday, March 18, 2013 - 9:53 PM

I was attracted to this credit union because of their great rates.  However, after opening a savings account and then trying to add a money market account, it became a twilight zone experience.  Called and called and I kept getting an answer machine.  When I did get someone, they said they would get an answer and get back to me.  I sent email after email and got one response.  They said they were shorthanded and that's an understatement.  If their rate was 10%, it would not be worth the hassle.  I called today and closed my account after 5 weeks. 

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