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Overview / Commentary
361-592-5148
1209 W King Ave
Kingsville, TX 78363

Kingsville Area Educators Credit Union is headquartered in Kingsville and is the 275th largest credit union in the state of Texas. It is also the 3,644th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 6 employees and 3,226 members. Kingsville Area Educators Credit Union's savings rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of one of the several select school district. - See Details

Reviews (2)

Kingsville Area Federal Credit Union

I like this credit union. The fees are fair and the people work with you to prevent them. The website isn't very nice, but it is usable. The workers are friendly.

No Customer Service

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. 



Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Kingsville Area Educators Credit Union has a low asset base.

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 Kingsville Area Educators Credit Union had $173,000 in non-current loans and owned real-estate with $2.1 million in equity and loan loss allowances on hand to cover it. This gives Kingsville Area Educators Credit Union a Texas Ratio of 8.24% 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 Kingsville Area Educators Credit Union experienced no significant changes from 5.79% as of March 31, 2013 to 8.24% as of March 31, 2014, resulting in a negative change of 42.39%. This indicates that the balance sheet and financial strength for Kingsville Area Educators Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Kingsville Area Educators Credit Union has increased its total deposits by $696,000, resulting in 4.31% 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.

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. Kingsville Area Educators Credit Union has $18.84 million in assets with $2.1 million in equity, resulting in a capitalization level of 11.14%, which is excellent.

Institution Statistics

Overall
NCUA #15117
Year Chartered1962
Employees6
Primary Regulator
Assets and Liabilities
Assets$18.84 million
Loans$6.89 million
Deposits$16.86 million
Equity Capital$1.87 million
Loan Loss Allowance$234,000
Unbacked Noncurrent Loans$173,000
Real Estate Owned$0
Historic Data - March 2013
Assets$18.26 million
Equity Capital$1.96 million
Loan Loss Allowance$167,000
Unbacked Noncurrent Loans$173,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.56%
Return on Assets-0.15%
Return on Equity-1.5%
Interest Income$210,000
Rates
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Kingsville Area Educators Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--IRA

Kingsville Area Educators Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
1.20%$2k-Money Market Accounts
Locations


Kingsville Area Educators Credit Union Locations
Branch Office1209 W King AveKingsville, TX 78363