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508-824-6466
14 Church Grn
Taunton, MA 02780

Taunton Credit Union is headquartered in Taunton and is the 46th largest credit union in the state of Massachusetts. It is also the 1,252nd largest credit union in the nation. It was established in 1947 and as of December of 2013, it had grown to 43 employees and 15,096 members. Taunton Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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 Taunton Credit Union had $2.74 million in non-current loans and owned real-estate with $17 million in equity and loan loss allowances on hand to cover it. This gives Taunton Credit Union a Texas Ratio of 16.09% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Taunton Credit Union increased slightly from 8.79% as of December 31, 2012 to 16.09% as of December 31, 2013, resulting in a negative change of 82.94%. This indicates that the balance sheet and financial strength for Taunton Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Taunton Credit Union has increased its total deposits by $5.28 million, resulting in 4.83% 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 Taunton Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Taunton Credit Union has $129.2 million in assets with $17 million in equity, resulting in a capitalization level of 13.16%, which is excellent.

Institution Statistics

Overall
NCUA #5602
Year Chartered1947
Employees43
Primary Regulator
Assets and Liabilities
Assets$129.20 million
Loans$106.89 million
Deposits$114.65 million
Equity Capital$13.98 million
Loan Loss Allowance$3.02 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$311,000
Historic Data - December 2012
Assets$122.54 million
Equity Capital$12.63 million
Loan Loss Allowance$2.84 million
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$115,000
Profit Margin - Quarterly
Net Interest Margin5.47%
Return on Assets1.04%
Return on Equity9.64%
Interest Income$6.58 million
Rates
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Taunton Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Regular Share Account
0.15%$100-Passbook Share Account
0.15%$100-Surplus Share Account
0.15%$100-IRA Share Account
0.15%$100-Roth IRA Share Account
0.15%$100-Coverdell ESA Share

Taunton Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$250k-Consumer Money Market
0.50%$250k-Business Money Market
0.50%$250k-IRA Money Market
0.50%$250k-Roth IRA Money Market
0.50%$250k-Coverdell ESA Money Market

Taunton Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$250-60 Month CD
1.45%$250-48 Month CD
1.20%$250-36 Month CD
1.00%$250-24 Month CD
0.70%$250-12 Month Money Maker Plus Payroll CD
0.65%$250-12 Month Money Maker Payroll CD
0.65%$250-18 Month CD
0.60%$250-12 Month CD
0.30%$250-6 Month CD
0.25%$250-3 Month CD

Taunton Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$250-60 Month IRA (Traditional,Roth,CESA)
1.45%$250-48 Month IRA (Traditional,Roth,CESA)
1.20%$250-36 Month IRA (Traditional,Roth,CESA)
1.00%$250-24 Month IRA (Traditional,Roth,CESA)
0.65%$250-18 Month IRA (Traditional,Roth,CESA)
0.60%$250-12 Month IRA (Traditional,Roth,CESA)
0.30%$250-6 Month IRA (Traditional,Roth,CESA)
0.25%$250-3 Month IRA (Traditional,Roth,CESA)
Locations


Taunton Credit Union Locations
Branch Office14 Church GrnTaunton, MA 02780-3413
Branch Office438 W Grove StMiddleboro, MA 02346