Average User Rating:
3 star rating based on 1 review.

Taylor Credit Union

825 East Allman Street, PO Box 427
Medford, WI 54451
715-748-2447
www.taylorcu.org

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Taylor Credit Union is headquartered in Medford and is the 70^th largest credit union in the state of Wisconsin. It is also the 2,335^th largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 17 employees and 7,768 members. Taylor Credit Union has a 3-star health rating.

Taylor Credit Union Routing Number: 291580562

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See Rates for: Checking | Savings | Money Market | CD | IRA

Taylor Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%	-	-	Traditional Share Draft Account
0.10%	-	-	Traditional checking Account
0.10%	-	-	Royale Share Draft Account
0.10%	-	-	Royale Checking Account
0.10%	-	-	Organization ShareDraft Account
0.10%	-	-	Business ShareDraft Account
0.10%	-	-	Organization Checking Account
0.10%	-	-	Business Checking Account

Taylor Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	Christmas Club Account
0.20%	-	-	Primary Saving Account
0.20%	-	-	Funeral Trust Account

Taylor Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.65%	$25k	-	Money Market Account

Taylor Credit Union CD Rates

Apy	Min	Max	Product
1.61%	$10k	-	48 Month CD
1.41%	$10k	-	36 Month CD
1.00%	$10k	-	24 Month CD
0.75%	$10k	-	12 Month CD
0.75%	$10k	-	18 Month CD
0.60%	$10k	-	6 Month CD
0.30%	$2,500	-	3 Month CD

Taylor Credit Union IRA Rates

Apy	Min	Max	Product
1.61%	$10k	-	48 Month IRA
1.61%	$10k	-	48 Month Roth IRA
1.41%	$10k	-	36 Month IRA
1.41%	$10k	-	36 Month Roth IRA
1.36%	$500	-	48 Month Education IRA
1.00%	$10k	-	24 Month IRA
1.00%	$10k	-	24 Month Roth IRA
1.00%	$500	-	36 Month Education IRA
0.75%	$10k	-	12 Month IRA
0.75%	$10k	-	12 Month Roth IRA
0.70%	$500	-	24 Month Education IRA
0.45%	$500	-	12 Month Education IRA
0.30%	-	-	Traditional IRA
0.30%	-	-	Roth IRA
0.30%	-	-	SEP IRA
0.30%	-	-	Coverdell Education Share IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

TAYLOR
NCUA #	66388
BankRate Report	View
Year Chartered	1951
Employees	17
Primary Regulator
Assets and Liabilities
Assets	$46.37 million
Loans	$32.87 million
Deposits	$40.54 million
Equity Capital	$5.61 million
Loan Loss Allowance	$271,000
Unbacked Noncurrent Loans	$747,000
Real Estate Owned	$235,000
Historic Data - December 2010
Assets	$47.04 million
Equity Capital	$5.72 million
Loan Loss Allowance	$342,000
Unbacked Noncurrent Loans	$899,000
Real Estate Owned	$115,000
Profit Margin - Quarterly
Net Interest Margin	4.98%
Return on Assets	-0.25%
Return on Equity	-2.07%
Interest Income	$2.02 million
Non-Interest Income	$350,000

Institution Health

Overall Score:

3 out of 5

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, 2011 Taylor Credit Union had $982,000 in non-current loans and owned real-estate with $5.88 million in equity and loan loss allowances on hand to cover it. This gives Taylor Credit Union a Texas Ratio of 16.71% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Taylor Credit Union held steady from 16.72% as of December 31, 2010 to 16.71% as of December 31, 2011, resulting in a positive change of 0.06%.This indicates that the balance sheet and financial strength for Taylor Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Taylor Credit Union has decreased its total deposits by $-677,000, resulting in -1.64% 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 Taylor Credit Union has shown is below 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. Taylor Credit Union has $46.37 million in assets with $5.88 million in equity, resulting in a capitalization level of 12.68%, which is excellent.

Works For Me
3 stars

- fallingfan - Thursday, March 10, 2011 - 8:35 AM

When I graduated from high school I figured it was time to open both a checking and a savings account (as well as getting a debit card) at a local bank or credit union, I choose Taylor Credit Union, because it was the institution that my older brothers and sisters have always used.

What I like about Taylor Credit Union:

You can use their MOMM system to make banking decisions through your phone, or you can use their DADD system to make banking decision through your computer. I use the MOMM system to check my account balances quite a bit and it comes in very handy.

I feel that they are trustworthy, as I have never had any type of problem with them, and I have never heard of anyone who has.

What I don't like about Taylor Credit Union:

The employees, at least all the ones that I have experienced, are not friendly. That makes visiting the Credit Union uncomfortable.

They do not offer any reward programs, that I know of, for using my debit card.

My conclusion:

Overall, Taylor Credit Union is an okay institution if you live in the area and don't have many options. I don't recommend it, but I don't not recommend it either.