Qualtrust Credit Union is headquartered in Irving and is the 84th largest credit union in the state of Texas. It is also the 955th largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 67 employees and 24,060 members. Qualtrust Credit Union has a B+ health rating.
Any business or other legal entity, or any person who lives, works, worships, or attends school within a 10-mile radius of our Irving, Flower Mound and Bedford branches is eligible for membership. In our San Angelo area, anyone who lives in Tom Green county. - See Details
The Irving location has new management and move all their member services to the 2nd floor. When I ask to see the member service, the front desk refused and said I had to see the teller. After asking 2 or 3 times she still refused so I asked for the manager and finally they send someone from the 2nd floor to the empty member office on the 1st floor, which she was very helpfully. Not sure if this credit union will last with the new management. Customer service is apparently not their main focus, too bad since they seem to have good people.
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 Qualtrust Credit Union had $1.6 million in non-current loans and owned real-estate with $19.56 million in equity and loan loss allowances on hand to cover it. This gives Qualtrust Credit Union a Texas Ratio of 8.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Qualtrust Credit Union experienced no significant changes from 6.85% as of March 31, 2013 to 8.20% as of March 31, 2014, resulting in a negative change of 19.74%. This indicates that the balance sheet and financial strength for Qualtrust Credit Union has had no significant changes in recent periods.
In the past year, Qualtrust Credit Union has decreased its total deposits by $-323,000, resulting in -0.18% 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 Qualtrust Credit Union has shown is 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. Qualtrust Credit Union has $195.24 million in assets with $19.56 million in equity, resulting in a capitalization level of 10.02%, which is above average.
|Assets and Liabilities|
|Equity Capital||$18.77 million|
|Loan Loss Allowance||$785,000|
|Unbacked Noncurrent Loans||$1.39 million|
|Real Estate Owned||$210,000|
|Historic Data - March 2013|
|Equity Capital||$17.62 million|
|Loan Loss Allowance||$720,000|
|Unbacked Noncurrent Loans||$1.39 million|
|Real Estate Owned||$15,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.22%|
|Return on Assets||0.65%|
|Return on Equity||6.78%|
|Interest Income||$2.05 million|
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|0.15%||-||-||IRA Share - Traditional IRA|
|0.15%||-||-||IRA Share - Roth IRA|
|0.15%||-||-||IRA Share - CESA|
|0.15%||-||-||IRA Share - SEP IRA|
|0.05%||-||-||Circle of Success Checking|
|0.50%||$1k||-||2 Year Term Share Certificate|
|0.50%||$1k||-||30 Month Term Share Certificate|
|0.50%||$1k||-||3 Year Term Share Certificate|
|0.50%||$1k||-||4 Year Term Share Certificate|
|0.50%||$1k||-||5 Year Term Share Certificate|
|0.45%||$1k||-||18 Month Term Share Certificate|
|0.40%||$1k||-||1 Year Term Share Certificate|
|0.40%||$250||-||1 Year Smart Start Term Share Certificate|
|0.25%||$1k||-||6 Month Term Share Certificate|
|0.15%||$1k||-||3 Month Term Share Certificate|
|0.50%||$1k||-||2 Year IRA|
|0.50%||$1k||-||30 Month IRA|
|0.50%||$1k||-||3 Year IRA|
|0.50%||$1k||-||4 Year IRA|
|0.50%||$1k||-||5 Year IRA|
|0.45%||$1k||-||18 Month IRA|
|0.40%||$1k||-||1 Year IRA|
|0.25%||$1k||-||6 Month IRA|
|0.15%||$1k||-||3 Month IRA|
|Qualtrust Credit Union Locations|
|Branch Office||2501 Flower Mound Rd||Flower Mound, TX 75028|
|Branch Office||3800 Cheek Sparger Rd||Bedford, TX 760213038|
|Branch Office||2601 Loop 306||San Angelo, TX 76904|
|Branch Office||6201 Campus Circle Dr E||Irving, TX 75063|
|Branch Office||34 S Main St||San Angelo, TX 76903-5927|