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214-748-9393
13649 Montfort Dr
Dallas, TX 75240-2521

Neighborhood Credit Union is headquartered in Dallas and is the 52nd largest credit union in the state of Texas. It is also the 623rd largest credit union in the nation. It was established in 1930 and as of March of 2014, it had grown to 109 employees and 31,378 members. Neighborhood Credit Union has a A health rating.

Field of Membership Restrictions

Any person who lives, works or worships in Dallas County, Ellis County or the City of Arlington is eligible for membership. - See Details

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Reviews (2)

Probably Not Worth It...

I jumped on the reward checking offer.  Found out *after* application that the rate had dropped from 3.25% to 3.00%, although I have various written material with both the original and reduced rate.

 

Online app was smooth until it terminated with a membership application which I was prompted to print and send by mail.  Umm, no.  So I walked it into a branch, waited in line for one of two tellers then was directed to "sign in" and wait for someone else.  Ultimately the form I took the time to complete and print was simply shredded and a new one was completed.  What a waste of my time.

 

I was handed several printed items with my social security number, totally unncessarily.  No one seemed to comprehend how this might possibly be a bad idea.

 

Learned that funds availability for check deposits on a new account is...*nine* business days!  Should have gone through this motion sooner.   ACH deposits are processed faster but I don't have a way to do one of those instantly.

 

Logged into the online banking system, was greeted with a form asking for much of the same info I had already provided once, twice, or thrice.  Played along.  Rejected based on "error" (no idea what kind of error) on zip code and email address.

 

I called "member services."  The rep was cheerful but lacked any apparent empowerment or desire to actually do anything at all.  Had me clear out zip code and re-enter, after which that was accepted; I had to specify an email address without a + character for that to be accepted (figured that out myself).  I routinely use a feature of gmail such that gmail users can append a suffix to an email address and track who sells them out.  (name+suffix@gmail.com).  '+' is totally legal in an email address; their validation is broken.

 

Apparently "yeah I know there have been issues with the web site, teehee" is supposed to be some kind of satisfactory resolution.

 

Bottom line:  lots of hassle just to get started, would expect more security awareness from a financial institution, but better than average rate.

LOVE Neighborhood Credit Union

Neighborhood Credit Union is one of the best financial institutions I have ever done business with. I used to bank at Bank of America, but I was sick and tired of how I was being treated-- awful. The reason I was initially attracted to Neighborhood Credit Union was because they are the OLDEST credit union in the Dallas Metroplex- that spoke stability to me.

Since I joined Neighborhood Credit Union in 2006, their staff has always been friendly and attentive to my needs. My checking account (Kasasa Cash) with them is pretty awesome too. It's a completely free account and pays me 3.25% APY - they are actually paying me to do business with them. LOVE THEM!



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 Neighborhood Credit Union had $2.32 million in non-current loans and owned real-estate with $31.88 million in equity and loan loss allowances on hand to cover it. This gives Neighborhood Credit Union a Texas Ratio of 7.26% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Neighborhood Credit Union decreased dramatically from 11.18% as of March 31, 2013 to 7.26% as of March 31, 2014, resulting in a positive change of 35.01%.This indicates that the balance sheet and financial strength for Neighborhood Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Neighborhood Credit Union has increased its total deposits by $20.11 million, resulting in 6.86% 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 Neighborhood Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Neighborhood Credit Union has $348.63 million in assets with $31.88 million in equity, resulting in a capitalization level of 9.14%, which is average.

Institution Statistics

Overall
NCUA #67681
Year Chartered1930
Employees109
Primary Regulator
Assets and Liabilities
Assets$348.63 million
Loans$185.90 million
Deposits$313.14 million
Equity Capital$30.71 million
Loan Loss Allowance$1.17 million
Unbacked Noncurrent Loans$905,000
Real Estate Owned$1.41 million
Historic Data - March 2013
Assets$326.25 million
Equity Capital$29.16 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$905,000
Real Estate Owned$2.90 million
Profit Margin - Quarterly
Net Interest Margin1.18%
Return on Assets0.85%
Return on Equity9.66%
Interest Income$3.07 million
Rates

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

Neighborhood Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Christmas Savings
0.20%$100-IRA Share Savings
0.20%$100-Share Savings
0.20%$100-Roth IRA Share Savings
0.20%$100-Coverdell Education Savings Account
0.15%$100-Looney Tunes Savings Club
0.15%$100-Prize Savings Account
0.15%$100-Business Savings

Neighborhood Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Money Market Account

Neighborhood Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$25kKasasa Cash - Qualifying
0.01%--Kasasa Cash - Non Qualifying

Neighborhood Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.70%$2,500-60 Month CD
1.50%$2,500-48 Month CD
0.85%$2,500-30 Month CD
0.75%$2,500-18 Month CD
0.60%$2,500-12 Month CD
0.30%$2,500-6 Month CD
0.30%$500-12 Month Flex CD
0.20%$2,500-91 Day CD

Neighborhood Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.70%$2,500-60 Month Traditional IRA
1.50%$2,500-48 Month Traditional IRA
0.85%$2,500-30 Month Traditional IRA
0.75%$2,500-18 Month Traditional IRA
0.60%$500-12 Month Coverdell Education Savings
0.60%$2,500-12 Month Traditional IRA
Locations


Neighborhood Credit Union Locations
Branch Office321 E Sublett RdArlington, TX 76018-2734
Branch Office1035 N Highway 77 Ste 700Waxahachie, TX 75165-1398
Branch Office1455 W Pleasant Run RdLancaster, TX 75146-1327
Branch Office1271 W Campbell RdRichardson, TX 750802946
Branch Office2525 W Bardin RdGrand Prairie, TX 75052-4303
Branch Office2201 N Belt Line RdMesquite, TX 75150-5820
Branch Office791 W Wheatland RdDuncanville, TX 75116-4520
Branch Office641 Yorktown StDallas, TX 75208-2054
Branch Office13651 Montfort DrDallas, TX 75240-2500
Branch Office13649 Montfort DrDallas, TX 75240-2521