Longview Consolidated Credit Union
Longview Consolidated Credit Union is headquartered in Longview and is the 342nd largest credit union in the state of Texas. It is also the 4,367th largest credit union in the nation. It was established in 1977 and as of December of 2013, 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
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 Q4 2013
Institution Health
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, 2013 Longview Consolidated Credit Union had $55,000 in non-current loans and owned real-estate with $1.96 million in equity and loan loss allowances on hand to cover it. This gives Longview Consolidated Credit Union a Texas Ratio of 2.80% 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 experienced no significant changes from 2.32% as of December 31, 2012 to 2.80% as of December 31, 2013, resulting in a negative change of 20.68%. This indicates that the balance sheet and financial strength for Longview Consolidated Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Longview Consolidated Credit Union has increased its total deposits by $279,000, resulting in 3.27% 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 excellent.
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. Longview Consolidated Credit Union has $10.85 million in assets with $1.96 million in equity, resulting in a capitalization level of 18.09%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 67527 |
| Year Chartered | 1977 |
| Employees | 4 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $10.85 million |
| Loans | $7.75 million |
| Deposits | $8.82 million |
| Equity Capital | $1.94 million |
| Loan Loss Allowance | $23,000 |
| Unbacked Noncurrent Loans | $55,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $10.42 million |
| Equity Capital | $1.74 million |
| Loan Loss Allowance | $31,000 |
| Unbacked Noncurrent Loans | $55,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 7.78% |
| Return on Assets | 1.88% |
| Return on Equity | 10.52% |
| Interest Income | $615,000 |
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Longview Consolidated Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Share Savings Account |
Longview Consolidated Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $50 | - | Share Draft Account |
Longview Consolidated Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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 Office | 3101 Mccann Rd | Longview, TX 75605 |