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Overview / Commentary
713-970-9200
9998 Almeda Genoa Rd
Houston, TX 77075

Plus4 Credit Union is headquartered in Houston and is the 120th largest credit union in the state of Texas. It is also the 1,544th largest credit union in the nation. It was established in 1929 and as of December of 2013, it had grown to 36 employees and 17,187 members. Plus4 Credit Union has a B+ health rating.

Field of Membership Restrictions

Eligible members are employees of Houston Division of the U.S. Postal Service; retired employees of the U.S. Postal Service; employees of the Plus4 Credit Union; employees of Select Employee Groups; and persons who live, work, attend school or worship in and businesses located within 10 miles of each of the following branch locations: *9998 Almeda Genoa Road, Houston, Texas 77075 *401 Franklin Avenue, Houston, Texas 77201, and *4600 Aldine Bender Road, Houston, Texas 77315. It's easy to join Plus4. All it takes is a $5 minimum deposit to open your share account and get you on your way. You may join by mail, in person or online. - See Details

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Reviews (2)

Customer Fees

Plus 4 Credit Union has a system set up to charge their customers as many $35.00 fees as possible. We have had a direct deposit with Plus 4 prior to 1998 when they were Houston Postal Credit Union; however they hold funds unnecessary and send large transactions through first so they can charge mutiple fees for smaller transactions and blame it on the vendors. We utilize the same vendors most of the time and my direct deposit arrives every month from the government for $5K plus;however my funds will be pending while fees are accumalating. They take advantage of their customers and have never comp. a fee charge.

Rate Dropped To 2.51%

Reward checking rate dropped to 2.51% per website. Checked on 12-07-2011.



Health

Data for Q4 2013

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. Plus4 Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Plus4 Credit Union had $232,000 in non-current loans and owned real-estate with $8.56 million in equity and loan loss allowances on hand to cover it. This gives Plus4 Credit Union a Texas Ratio of 2.71% 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 Plus4 Credit Union experienced no significant changes from 2.93% as of December 31, 2012 to 2.71% as of December 31, 2013, resulting in a positive change of 7.38%.This indicates that the balance sheet and financial strength for Plus4 Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Plus4 Credit Union has increased its total deposits by $4.02 million, resulting in 4.89% 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 Plus4 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. Plus4 Credit Union has $95.03 million in assets with $8.56 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

Overall
NCUA #61457
Year Chartered1929
Employees36
Primary Regulator
Assets and Liabilities
Assets$95.03 million
Loans$74.94 million
Deposits$86.24 million
Equity Capital$7.98 million
Loan Loss Allowance$589,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$146,000
Historic Data - December 2012
Assets$90.00 million
Equity Capital$7.21 million
Loan Loss Allowance$622,000
Unbacked Noncurrent Loans$86,000
Real Estate Owned$138,000
Profit Margin - Quarterly
Net Interest Margin5.48%
Return on Assets0.81%
Return on Equity9.67%
Interest Income$4.31 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Plus4 Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Plus4 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-IRA Savings
0.10%$100-Savings Account
0.10%$100-Business Savings Accounts
0.10%$100-Club Accounts

Plus4 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Money Market Account

Plus4 Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.51%-$10kReward Checking
0.01%--Reward Checking

Plus4 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$50k-60 Month Mini-Jumbo CD
1.80%$1k-60 Month Regular CD
1.15%$1k-36 Month Regular CD
1.15%$50k-36 Month Mini-Jumbo CD
1.04%$1k-24 Month Regular CD
1.04%$50k-24 Month Mini-Jumbo CD
0.76%$1k-12 Month Regular CD
0.76%$50k-12 Month Mini-Jumbo CD
Locations


Plus4 Credit Union Locations
Branch Office401 Franklin StHouston, TX 77001-4101
Branch Office9998 Almeda Genoa RdHouston, TX 77075-2416
Branch Office4600 Aldine Bender RdHouston, TX 77032