Public Employees CU (TX)
Public Employees CU (TX) is headquartered in Austin and is the 61st largest credit union in the state of Texas. It is also the 706th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 67 employees and 25,189 members. Public Employees CU (TX) has a B+ health rating.
Field of Membership Restrictions
Must live, work, worship or attend school within a 10-mile radius of any of the Central Texas branches. - See Details
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 Public Employees CU (TX) had $233,000 in non-current loans and owned real-estate with $20.11 million in equity and loan loss allowances on hand to cover it. This gives Public Employees CU (TX) a Texas Ratio of 1.16% 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 Public Employees CU (TX) decreased slightly from 1.64% as of December 31, 2012 to 1.16% as of December 31, 2013, resulting in a positive change of 29.35%.This indicates that the balance sheet and financial strength for Public Employees CU (TX) has improved slightly in recent periods.
Deposit Growth
In the past year, Public Employees CU (TX) has increased its total deposits by $5.98 million, resulting in 2.31% 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 Public Employees CU (TX) has shown is above average.
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. Public Employees CU (TX) has $285.45 million in assets with $20.11 million in equity, resulting in a capitalization level of 7.04%, which is below average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 67428 |
| Year Chartered | 1952 |
| Employees | 67 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $285.45 million |
| Loans | $142.26 million |
| Deposits | $264.56 million |
| Equity Capital | $19.96 million |
| Loan Loss Allowance | $153,000 |
| Unbacked Noncurrent Loans | $233,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $281.15 million |
| Equity Capital | $21.85 million |
| Loan Loss Allowance | $410,000 |
| Unbacked Noncurrent Loans | $233,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.05% |
| Return on Assets | 0.43% |
| Return on Equity | 6.1% |
| Interest Income | $7.43 million |
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Public Employees CU (TX) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | - | - | IRA Savings Account | |
| 0.25% | - | - | Kids Savings Account | |
| 0.25% | - | - | Teen Savings Account | |
| 0.25% | - | - | Holiday Savings | |
| 0.15% | - | - | Regular Savings |
Public Employees CU (TX) Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $200k | - | Money Market |
Public Employees CU (TX) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Checking Account |
Public Employees CU (TX) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.95% | $1k | - | 48 Month CD | |
| 0.75% | $1k | - | 36 Month CD | |
| 0.55% | $1k | - | 24 Month CD | |
| 0.40% | $1k | - | 12 Month CD | |
| 0.30% | $1k | - | 6 Month CD |
Public Employees CU (TX) IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.95% | $1k | - | 48 Month IRA | |
| 0.75% | $1k | - | 36 Month IRA | |
| 0.55% | $1k | - | 24 Month IRA | |
| 0.40% | $1k | - | 12 Month IRA |
| Public Employees CU (TX) Locations | ||
|---|---|---|
| Branch Office | 4241 Eastex Fwy | Beaumont, TX 77706 |
| Branch Office | 901 Round Rock Ave | Round Rock, TX 78681 |
| Branch Office | 8013 Centre Park Dr | Austin, TX 78754 |
| Branch Office | 1200 W 42nd St | Austin, TX 78756 |
| Branch Office | 306 E 10th St | Austin, TX 78701 |
| Branch Office | 5838 Hwy 290 W | Austin, TX 78735 |