Plus4 Credit Union is headquartered in Houston and is the 119st largest credit union in the state of Texas. It is also the 1,548th largest credit union in the nation. It was established in 1929 and as of September of 2013, it had grown to 37 employees and 17,252 members. Plus4 Credit Union has a B+ health rating.
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
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.
Reward checking rate dropped to 2.51% per website. Checked on 12-07-2011.
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 September 30, 2013 Plus4 Credit Union had $268,000 in non-current loans and owned real-estate with $8.28 million in equity and loan loss allowances on hand to cover it. This gives Plus4 Credit Union a Texas Ratio of 3.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Plus4 Credit Union held steady from 2.46% as of September 30, 2012 to 3.23% as of September 30, 2013, resulting in a negative change of 31.66%. This indicates that the balance sheet and financial strength for Plus4 Credit Union has held steady in recent periods.
In the past year, Plus4 Credit Union has decreased its total deposits by -$3.36 million, resulting in -3.89% 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 below 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. Plus4 Credit Union has $94.77 million in assets with $8.28 million in equity, resulting in a capitalization level of 8.74%, which is average.
|Assets and Liabilities|
|Equity Capital||$7.85 million|
|Loan Loss Allowance||$436,000|
|Unbacked Noncurrent Loans||$122,000|
|Real Estate Owned||$146,000|
|Historic Data - September 2012|
|Equity Capital||$6.88 million|
|Loan Loss Allowance||$770,000|
|Unbacked Noncurrent Loans||$122,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.07%|
|Return on Assets||0.93%|
|Return on Equity||11.19%|
|Interest Income||$3.20 million|
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|0.10%||$100||-||Business Savings Accounts|
|0.15%||$2,500||-||Money Market Account|
|1.36%||$1k||-||60 Month Regular CD|
|1.36%||$50k||-||60 Month Mini-Jumbo 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|
|Plus4 Credit Union Locations|
|Branch Office||401 Franklin St||Houston, TX 77001-4101|
|Branch Office||9998 Almeda Genoa Rd||Houston, TX 77075-2416|
|Branch Office||4600 Aldine Bender Rd||Houston, TX 77032|