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Longview Consolidated Credit Union

Based on 1 review
Overview / Commentary
3101 Mccann Rd
Longview, TX 75605

Longview Consolidated Credit Union is headquartered in Longview and is the 347th largest credit union in the state of Texas. It is also the 4,409th largest credit union in the nation. It was established in 1977 and as of March of 2014, it had grown to 4 employees and 2,106 members. Longview Consolidated Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Longview, Texas. - See Details

Reviews (1)

Reporting To The Credit Bureaus

I recently had a client that has been banking with Longview Consolidated.  They have an auto loan with them and nothing has been reported to the Bureaus since about December.  Had they reported their good payment history these last 7 months, their score would have been around 80 points higher.  They have limited credit so not reporting has really kept their score down.  I just don't understand how this helps the consumer.  It makes me wonder if Longview Consolidated does this to many of it's members.  If they don't report the good credit history, their score stays around the same so it forces them to go back to the same place for another loan.  You can bet they would sure report you if you weren't paying so why not report you when you are.  Kind of puts them in the same category as direct tv or some other bottom feeder company that only reports the bad.  Granted, they may not do this to everyone but i'm sure if they were investigated, there would be a pattern here. 


Data for Q1 2014

Institution Health

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

Texas Ratio


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 Longview Consolidated Credit Union had $7,000 in non-current loans and owned real-estate with $2 million in equity and loan loss allowances on hand to cover it. This gives Longview Consolidated Credit Union a Texas Ratio of 0.35% 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 Longview Consolidated Credit Union decreased dramatically from 5.34% as of March 31, 2013 to 0.35% as of March 31, 2014, resulting in a positive change of 93.45%.This indicates that the balance sheet and financial strength for Longview Consolidated Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Longview Consolidated Credit Union has increased its total deposits by $148,000, resulting in 1.76% 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 Longview Consolidated Credit Union has shown is above average.



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. Longview Consolidated Credit Union has $10.63 million in assets with $2 million in equity, resulting in a capitalization level of 18.85%, which is excellent.

Institution Statistics

NCUA #67527
Year Chartered1977
Primary Regulator
Assets and Liabilities
Assets$10.63 million
Loans$7.84 million
Deposits$8.55 million
Equity Capital$1.98 million
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.31 million
Equity Capital$1.79 million
Loan Loss Allowance$32,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.72%
Return on Assets1.43%
Return on Equity7.68%
Interest Income$138,000
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Longview Consolidated Credit Union Savings Account Rates

0.20%--Share Savings Account

Longview Consolidated Credit Union Checking Account Rates

0.15%$50-Share Draft Account

Longview Consolidated Credit Union CD Rates

1.00%$1k-60 Month Share Certificate
0.90%$1k-48 Month Share Certificate
0.80%$1k-36 Month Share Certificate
0.70%$1k-24 Month Share Certificate
0.45%$1k-12 Month Share Certificate
0.45%$1k-18 Month Share Certificate
0.35%$1k-6 Month Share Certificate
0.20%$1k-3 Month Share Certificate

Longview Consolidated Credit Union Locations
Branch Office3101 Mccann RdLongview, TX 75605